{"id":71,"date":"2018-11-20T15:07:54","date_gmt":"2018-11-20T15:07:54","guid":{"rendered":"https:\/\/girishmehta.com\/projects\/quant\/?post_type=news_room&#038;p=71"},"modified":"2020-07-02T10:21:40","modified_gmt":"2020-07-02T10:21:40","slug":"quant-network-unveils-innovative-blockchain-operating-system-overledger-at-inaugural-quant-x-event-in-london","status":"publish","type":"news_room","link":"https:\/\/girishmehta.com\/projects\/quant\/news_room\/quant-network-unveils-innovative-blockchain-operating-system-overledger-at-inaugural-quant-x-event-in-london\/","title":{"rendered":"Quant Network unveils innovative blockchain operating system Overledger at inaugural Quant X event in London"},"content":{"rendered":"<p><strong>London, Nov. 20<\/strong> &#8211;\u00a0Quant Network\u00a0unveiled their game-changing blockchain Operating System at their inaugural Quant X event in London last night. The ground-breaking innovation reduces the current 8-month lead time and \u00a33m cost that Enterprises endure just to get started with blockchain down to 8 minutes and 3 lines of code.<\/p>\n<p><!--more--><\/p>\n<p>The evening began with a presentation explaining the high barriers of entry faced by enterprises. When trying to implement blockchain technologies, businesses face a lack of skilled resources, tedious processes, complexity and risk.<\/p>\n<p>\u201cFor the first time, we can honour the original vision of the Internet to create an open and interoperable network for people to operate on. But this time we can do it without the original flaw of having to know and trust everyone within the network.\u201d\u00a0said\u00a0Gilbert\u00a0Verdian, CEO of Quant\u00a0Network.<\/p>\n<p>\u201cWe\u2019ve removed the barriers for Enterprise to benefit from blockchain technology to get started with only 3 lines of code.\u201d<\/p>\n<h4>World\u2019s first blockchain operating system simplifies blockchain adoption for Enterprise<\/h4>\n<ul>\n<li><strong>Interoperability without additional complexity:<\/strong>\u00a0The inability of blockchains to work together is a widely recognised issue for blockchain technology. Quant Network demonstrated that it is possible to address this without additional infrastructure or another layer of duplicated consensus.<\/li>\n<li><strong>Minimal disruption and no forced migration off existing legacy systems:On average, an Enterprise would require a minimum of 8 months and a budget of over \u00a33M to develop and test blockchain technology. Overledger removes uncertainty and barriers by requiring only 3 lines of code.<\/strong><\/li>\n<li><strong>Connecting the world\u2019s networks safely:<\/strong> Quant Network has\u00a0a heritage in Cybersecurity for Government. As a result, they recognise that adopting a multi-chain strategy in isolation is a daunting task. A key advantage of Overledger is creating permissioned networks that do not open up Enterprise to other nodes in a peer-to-peer network.<\/li>\n<\/ul>\n<h4>Building the future with game-changing mApps<\/h4>\n<p>Decentralised applications (dApps) can only operate within the confines of a single ledger and cannot scale or migrate off. In comparison, Overledger facilitates multi-chain applications (mApps) which benefit from having the ability to operate simultaneously across multiple different ledgers.<\/p>\n<p>The team demonstrated the innovative use-cases of Overledger mApps in real time. The demonstration began with a search engine mApp akin to Google that can read and view transactions across multiple ledgers. These include Bitcoin, Ethereum and Ripple, with more to be added in the coming months.<\/p>\n<p>The Quant Network team also previewed D-Commerce, a decentralised marketplace, combining the features of multiple blockchains allow for transactions and data across multiple ledgers to be executed.<\/p>\n<p>Developers can start building innovating and game-changing mApps with Overledger from Dec. 1st\u00a02018.<\/p>\n<p><strong>For more information contact the team:<\/strong>\u00a0contact@quant.network<\/p>\n","protected":false},"featured_media":1158,"template":"","newsroom_category":[4],"class_list":["post-71","news_room","type-news_room","status-publish","has-post-thumbnail","hentry","newsroom_category-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.9 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Quant Network unveils innovative blockchain operating system Overledger at inaugural Quant X event in London - Quant<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/girishmehta.com\/projects\/quant\/news_room\/quant-network-unveils-innovative-blockchain-operating-system-overledger-at-inaugural-quant-x-event-in-london\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Quant Network unveils innovative blockchain operating system Overledger at inaugural Quant X event in London - Quant\" \/>\n<meta property=\"og:description\" content=\"London, Nov. 20 &#8211;\u00a0Quant Network\u00a0unveiled their game-changing blockchain Operating System at their inaugural Quant X event in London last night. 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