London, Dec. 13 – Quant Network, an innovative technology company, today announced that it has joined INTEROPen to accelerate the development of open standards for interoperability in the UK health and social care sector.

The health and social care sector is notorious for holding vital information on different systems that cannot communicate with one another, negatively impacting patient care and user experience. As a member of INTEROpen, Quant Network will collaborate on the design and application of technical interoperability standards, covering areas such as data exchange, data validation, defining APIs and governance. Quant Network’s blockchain operating system, Overledger, has the ability to interconnect existing legacy systems to one another as well as to blockchain. The origin of the idea for Overledger stemmed from the founder’s time in Healthcare faced with solving the same challenges.

Gilbert Verdian, Founder and CEO of Quant Network, stated that “Quant Network is pleased to be collaborating with INTEROPen. With the increased stress on health services in the UK, we believe that digital transformation is needed now more than ever. Our Overledger operating system can reduce the risks and costs involved in digital transformation with minimal disruption to patients. We are also excited about the opportunities for blockchain adoption that may come from our involvement with INTEROPen.”

Lara Verdian, Head of Healthcare services for Quant Network and Health Economist additionally noted that “it is estimated by the OECD that approximately one fifth of healthcare expenditure is wasted. Digital transformation and interoperability enabled by technical standards and blockchain technology is expected to significantly reduce this wastage, and ultimately lead to better health outcomes for patients.”