Technology has shown a lot of promise since the invention of the internet. It has added a lot of excitement since then. Interoperability solutions are crucial when it comes to enabling the blockchain revolution. A lot of working going on in that regard.

The note on Quant twitter reads: “Quant is connecting the world’s networks to the blockchain with just three lines of code. @Overledger is the world’s first blockchain operating system. @OverledgerNet.”

Quant develops the first blockchain operating systems (OS), which interconnects the blockchain. Overledger is used to help governments, individuals, and organizations across the globe to benefit from the real potential of this powerful technology.

The quant community hails the Overledger Network as the network of networks, which hyper connects the world.

Gilbert Verdian, Founder and CEO Quant Network opines, “In order for decentralized ledgers and applications to succeed on a global scale, we need openness, ease of adoption and non-proprietary technology that can communicate, exchange and replicate data across multiple ledgers.”

Quant are working on smart contracts via OL, Overledger gateways, Integrating partners and services, and standardization. The true value of blockchain technology can be realized only when different blockchains are cost-effectively and seamlessly integrated and interconnected. Overledger claims it will be possible to interoperate as many blockchains as required. Thus creating new possibilities and introducing newer benefits.

Sydney Ifergan, the CryptoCurrency Expert, tweeted: “Gilbert Verdian of Quant in the past spoke about the current improvements in the financial systems as being the beginnings in the re-architecting of the entire financial system.”

Quant – Digital Dollar Project

Gilbert Verdian tweeted, “Digital Dollar Project Determine advantages of a digital USD, convene private sector thought leaders, & propose possible models to support the public sector. The Project will develop a framework for potential, practical steps to establish a dollar CBDC.”

Verdian previously acknowledged the need for several facets of the current improvement in financial technology at different times. The concepts covered themes like supporting monetary policy complimenting the financial system; importance of security when facilitating access to the underserved market; building regulation into blockchain finance; importance of keeping an open mind for the utility of the crypto-Euro; role of digital tokens in settling wholesale transactions; anonymity in central bank digital currencies and lot more.

And, very recently, it is about why Central Bank Digital Currencies are the Killer App in Blockchain in 2020.


Advertisement