Quant, a pioneer in blockchain for finance, just unveiled the Overledger Platform. The system makes advanced blockchain technology accessible to businesses of all sizes. This groundbreaking infrastructure, initially used in the Bank of England (BoE) and Bank for International Settlements’ (BIS) retail Central Bank Digital Currency (CBDC) project, is now available to enterprises, SMEs, and developers via a user-friendly software-as-a-service (SaaS) model. The platform’s capabilities include enterprise-grade technology, universal interoperability, secure smart contracts, asset issuance, secure bridging, and atomic settlement functionality, enabling businesses to tap into the transformative potential of blockchain.
Overledger Platform: Simplifying Blockchain Adoption
According to Quant’s latest press release, the Overledger Platform establishes a new standard for enterprise blockchain solutions, offering universal interoperability and ease of use. By adopting a low code approach, customers can do the following:
- Issue digital currencies and interoperable assets effortlessly;
- Seamlessly transfer digital assets between different blockchain networks;
- Develop applications compatible with any network;
- Create secure smart contracts applicable to various blockchains; and,
- Integrate existing systems through simple APIs.
This revolutionary approach eliminates the need for specialized blockchain expertise and significantly reduces the time and resources required for blockchain implementation.
Seizing the Opportunity in the Financial Services Industry
As the financial services industry navigates the evolving landscape of digital assets and regulated tokenized money, the launch of the Overledger Platform arrives at a critical juncture. While the unregulated cryptocurrency experiment may have faltered, blockchain-based infrastructure and systems continue to drive innovation.
Quant projects that the value of tokenized assets will surge to $4 trillion by 2030, presenting businesses with a tremendous opportunity. However, many organizations struggle to capitalize on this potential due to the scarcity of blockchain expertise and the shortage of skilled developers.
Quant’s Solution: Democratizing Blockchain Access
Quant’s Overledger Platform effectively addresses this challenge by democratizing access to blockchain technology. By enabling any business to leverage the benefits of blockchain, Quant eliminates the barriers to entry and levels the playing field.
The platform is regularly updated as Quant collaborates with financial institutions globally, ensuring that all Overledger customers, regardless of their size, can benefit from the latest innovations and advancements.
Unlocking New Possibilities for the Blockchain Economy
The availability of the Overledger Platform marks a paradigm shift for entrepreneurs and developers seeking to build businesses in the blockchain economy. From central banks to commercial counterparts, the financial world recognizes the transformative potential of blockchain technology.
Overledger represents a mature approach to implementing this technology, offering a user-friendly solution that facilitates rapid market entry and expansion.
About Quant
Quant is a foundational pillar of the blockchain economy, providing solutions for the tokenization of diverse assets, including currencies and carbon credits. With its innovative, patent-pending technology, it simplifies the process of asset tokenization, ensuring immutable ownership, traceable provenance, and streamlined management.
The company collaborates closely with financial institutions and enterprises, delivering enterprise-grade solutions that significantly reduce time-to-market, unlock new revenue streams, and address risk through robust security and compliance measures. Founded in 2018, it has established a strong presence in the UK and maintains a prominent position in the US.
The fintech firm’s contributions to the industry include spearheading the development of the Blockchain ISO Standard TC307, which has been adopted by 57 countries, as well as pioneering interoperability with Overledger, touted as the world’s first interoperable blockchain platform.
Final Thoughts
Quant’s Overledger Platform opens up a world of possibilities for businesses looking to harness the power of blockchain. With its user-friendly interface, seamless integration with existing systems, and continuous innovation, Overledger makes blockchain accessible to all, revolutionizing the financial services industry.
As the potential of blockchain continues to unfold, businesses that embrace this technology stand to gain a competitive edge and capitalize on the opportunities that lie ahead.