Quant Review
Quant Network is an application which creates a platform for blockchains to interact with each other. Although Overledger shares common technical aspects with some of the existing projects, it separates the business logic from the underlying ledger technologies. This means that general-purpose applications can exist on different ledgers at the same time, with the ability to communicate with each other. In fact, Quant Network proposes an “over layer” on top of existing blockchains which applications can run on. Therefore, the applications can communicate, migrate and exchange information and value, regardless of the ledgers on which they are used. Overledger enables users to build decentralized multi-chain applications that are not tied to a single blockchain. Users can run applications, smart contracts, treaties or move data across different blockchain technologies. This unique approach should encourage the use of blockchain technologies across various sectors and use cases. This should lead to a large-scale adoption of the technology without tying it to a particular vendor or chain.
Features of Quant
The Overledger is the platform on which multi-chain decentralized applications will run. Quant Network will provide the means for developers to create applications to interact across blockchains using a Software Development Kit (SDK).
It Enables next-generation applications to function across multiple blockchains Not be limited to any single a vendor or architecture Allow seamless communication across multiple blockchains as well as recognition of transactions and assets across blockchains Developers will be able to create applications which solve their customers’ needs, without having to rely on the capabilities of a single blockchain. They can create applications that incorporate the full range of data available on the blockchain.
For Businesses, Overledger will:
Gain access to new markets and customers that use different blockchains
Minimize risk and improve resilience by providing the ability to spread applications and data cross-chain and migrate applications to different blockchains Connect with suppliers and partners that use any blockchain Not have vendor or technology lock-in, providing the flexibility to use any blockchain
For Individuals:
Quant will completely change how people will interact with blockchains today. A good example would be the recognition of a person’s identity by one entity. By integrating the Overledger an identity created on a particular blockchain can be recognized on every other blockchain connected through the Overledger. Consumers won’t need to constantly create accounts and remember all those passwords.
Furthermore, Quant Network will incentivise developers by releasing their own App Store. By allowing the wide-use of Overledger through open-source, Quant Network can encourage developers by distributing tokens within the applications created.
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Developers can release free applications. Here, the usage charge can be set to zero for the transaction. However, a prerequisite will be that the client must hold a minimum number of QNT tokens in order to access the platform and use the solution.
For applications where developers intend to generate a revenue stream, a 3rd party payment processor can be used to charge at a level determined by the developers. The Quant App Store is planned to be launched in the first quarter of 2019. This will give developers the opportunity to create and publish MApps (Multi Chain Applications).
Lastly, Quant Network plans to launch their own Software as a Service, Enterprise and Middleware applications. Quant will produce sector-specific technology and solutions to help organisations and Governments to navigate through the complexities of the new distributed hyperconnected economy. The team is aiming to create client-specific and sector-specific blockchain solutions. In particular, the focus will be on:
Financial Services – The focus is on exploring areas in capital markets, retail, stock exchanges, asset management and regulatory technology (RegTech) to help simplify complex processes and realise benefits.
Healthcare – Exploring opportunities in healthcare interoperability, clinical trials and counterfeit drugs.
Supply chain – Looking at providing interoperability between different suppliers across a complex supply chain, providence and tracking.
Government – Exploring the opportunities for Governments to realise benefits, identify savings and efficiencies, reduce errors and provide transparency.
Uses of The Token
The token is used to access Quant Network’s Overledger and communicate across different Blockchains. The token can also be used to access existing MApps, and as an ERC20 token on the Ethereum blockchain. Quant Network’s business model encourages growth to the platform which drives the demand and the need for QNT tokens. This is part of the product strategy targeted to developers and businesses, as well as the consulting approach to help businesses use the platform. The more customers, MApps, and users on the platform, the more demand for tokens.
Project Details
Token Symbol: QNT
Crowdsale Token Price: $1.60
Hard Cap: $40,600,000
Total Tokens Sold: 31,000,000 (62% of Total Supply)
Crowdsale Date: April 02, 2018
