![]() "With its overledger functionality, Bitcoin, Ripple, and Ethereum ledgers are interoperable with Quant protocol," FXEmpire's Oluwapelumi Adejumo said. ![]() Possibly being an interoperability category killer is seen as an enviable position in the fast-unfurling age of Central Bank Digital Currencies (CBDCs) to which Quant seems to have pegged its future prospects. ![]() Quant's ongoing work with governments warrants some mention. Verdian has boasted that Quant is positioned to re-design the world's financial architecture, so as to create more and more seamlessly interconnected networks that, in turn, will unlock "new efficiencies for enterprise, individuals and governments alike," Verdian said. In August of 2021, QNT was surging and grabbing attention asset as the crypto industry's forward-thinkers sought more cost-effective ways to transfer value, in turn driving interoperability hype. Interoperability between blockchain networks has emerged as one of the most important concepts in crypto these days, Cointelegraph said. "We’ve solved DLT interoperability," Verdian has publicly declared. Building on his experience grappling with disparate payments infrastructures, Verdian set out to help enterprise IT teams integrate multiple forms of DLT, according to Cointelegraph. The project began in 2018, brainchild of founder/leader Gilbert Verdian, formerly Chief Information Security Officer at Vocalink, MasterCard's UK-based payments systems provider. "Quant Network is set to revolutionize blockchain technology with Overledger," CoinGecko said. Quant's blockchain operating system, Overledger, was specifically designed as an Application Programming Interface (API) for distributed ledger technology (DLT), with a goal of becoming a go-to gatekeeper connecting public blockchains and private networks.ĭevelopers use Ethereum-run QNT utility tokens to stake/power-up Quant's core transactional activity, fostering multi-DLT applications, or "mDApps." What are mDApps? These are unique, possibly game-changing, applications that integrate various functions – decentralized applications ("dApps") – of different chains, similar to how Windows facilitates multiple applications on one computer. based Quant Network is a protocol focused on interoperability, a term of art and science, specifically referring to two or more blockchain networks being able to communicate – that is, share/access each other’s data – or “interoperating.” Quant technology will play a key role in LACChain’s mission of reducing inequality and empowering people, which is a perfect example of how the full potential of DLT can be realised. The flexible tokenisation of money, using Quant’s multi-DLT token technology, will have many major benefits, such as triggering a revolution in payments, remittance and financial inclusion. Quant & LACChain partner to establish a new interoperable financial infrastructure for tokenised currencies, & improve social & financial inclusion in the LAC region, supported by The Inter-American Development Bank’s IDB Lab.īy integrating the LACChain infrastructure with Quant’s unique Overledger technology, LACChain and Quant, together with established banking partners, will create an interoperable infrastructure for fast, easy cross-border payments and different use cases throughout the region, using tokenised currency. Marketing Quant Gilbert Verdian, Founder & CEO
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