Blockchain technology company Etherparty announced it is exploring a collaboration with Qtum, the Singapore-based proof-of-stake (POS) blockchain and smart contract platform.

Etherparty’s research and development team is currently reviewing how best to integrate the blockchain network with Rocket in order to enable the easy creation of tokens and crowdfunding contracts for the Qtum blockchain.

Launched last month, Rocket by Etherparty is blockchain agnostic, which means no single network or blockchain framework will be held as the exclusive choice for platform users.

Qtum is a blockchain application platform that combines the advantages of the Unspent Transaction Output (UTXO) model, an Account Abstraction Layer allowing for multiple virtual machines, and a POS consensus protocol.

Qtum uses Solidity-coded smart contracts through its integration of the Ethereum Virtual Machine. Qtum’s independent blockchain aims to bring smart contract technology to mobile and connected devices, which is designed to bridge the gap between blockchain and the business world.

Rocket, a user-friendly token crowdsale creation platform, is designed for blockchain entrepreneurs looking to raise funds for their project. Users can follow a step-by-step process, paired with industry-leading customer support, to launch and track a token crowdsale.