Quant Network

1. Problems/Challenges it aims to solve

Complexity of Blockchain Technology: Many potential users of blockchain technology, including developers and businesses, find it daunting due to its complexity and the specialist knowledge required to implement it.
Interoperability Issues: The future financial ecosystem is envisioned to be built on interconnected networks with free flow of value in various forms such as smart money, tokenized assets, and information. The current systems lack seamless interoperability to support this vision.
Security Concerns: Ensuring security is a primary concern, given the sensitive nature of financial transactions and data handled through blockchain technologies.
Resilience: The technology infrastructure must be resilient to adapt to a volatile world, protecting against risks while enabling upside opportunities.
Limited Usability of Current Financial Assets: The current forms of money and financial assets lack programmability features that can make them smarter, more useful, and purposeful.

2. Solutions

Overledger: A blockchain interoperability platform that enables businesses to build multi-chain applications and connect to different blockchains networks. It provides an API gateway that allows access to different distributed ledger technologies through a single interface.
Services provided:
  • Enables interoperability between different blockchains such as Ethereum, Hyperledger, Corda etc.
  • Allows businesses to build applications that can interact with multiple blockchains.
  • Provides easy integration with existing systems using open APIs and SDKs.
  • Allows issuance of digital assets and tokens on different blockchains.
  • Provides secure bridging capabilities to transfer data and value between different blockchains.
  • Offers a low-code environment to quickly build and deploy blockchain solutions.

3. Target Customers

  • Central Banks: Used in the Bank of England’s CBDC project and the Bank for International Settlements’ Rosalind Project. The Rosalind project, coordinated by the BIS Innovation Hub London Centre, tested how APIs could facilitate retail payments in CBDCs and support the exploration of innovative use cases for CBDCs.
  • Banks & Financial institutions: Quant assists banks, investment firms, and other financial establishments in incorporating programmable money, and other tokenized assets.
  • Enterprises: Facilitate faster market entry with technology that is prepared for future demands, thereby fostering innovation and efficiency in business operations, helping them in building new business models based on blockchain technology.

4. Key Points

  • Overledger APIs support multi-DLT applications (mDApps)
  • Integrate - Core APIs (DLT transactions, searches, subscriptions/triggers)
  • Quant smart tokens
  • Overledger secure bridges: Bridge - Deployment of cross-chain bridges (assets transfer)
  • Multi-chain availability: Bitcoin, Ethereum, Hyperledger Besu,XRP, Polygon, Polkadot, XDC, Hyperledger Fabric, Avalanche
  • Tokenise - Deployment of new coins and NFT contracts
  • Aggregate - Creation of Layer 2 rollups (netting, settlement)
  • Clearing - Interbank clearing and settlement (CBDC, stablecoins)
  • Archive - Access to blockchain data for compliance and analytics

5. People

Gilbert Verdiao - Founder & CEO
Natash Boyton-West - Head of Product Design
Dr Luke Riley - Head of Innovation

6. Resources

Last modified 12d ago