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ARTICLE SOURCE https://coinmarketcap.com/alexandria/article/what-is-quant

Written by: By Daniel Phillips

What is quantitative?

Enterprise adoption of blockchain technologies continues to be hampered by the challenges associated with integrating older technologies with the myriad of new distributed ledgers that are constantly evolving and coming to market.

Nevertheless, dozens of platforms are beginning to create the tools and products needed to bridge this gap. One of these is Quant, a suite of enterprise blockchain solutions built around a blockchain operating system called Overledger.

Quantitative: the basics

Quant (QNT) is a blockchain interoperability network and operating system that was first announced in 2018. The project was funded through an Initial Coin Offering (ICO), raising $11 million (out of a hard cap of $36.9 million).

The project falls squarely into the category of interoperability solutions of blockchain platforms. It is designed to bridge the gap between different blockchains and enterprise software using a simple plug-and-play solution that doesn't require teams to implement new infrastructure.

It uses a constantly growing list of DLT and API connectors to allow different blockchains to communicate with each other via Quant's Overledger API gateway. This is achieved without sacrificing the autonomy, efficiency or speed of each chain, ensuring that each chain retains its unique properties.

The founders of the Quant Network are Gilbert Verdian, Colin Paterson and Paolo Tasca. Verdian is an early blockchain pioneer with a wealth of experience in the technology and security sectors. Prior to his role as CEO of Quant, he held various management and C-level positions at leading companies including PricewaterhouseCoopers, BP and Vocalink (a Mastercard company). He also founded the Blockchain ISO standard TC307, which is currently being implemented in more than 50 countries.

Paterson and Tasca are similarly distinguished in the field of blockchain and online technology, but are no longer with the company.

How does Quant work?

Using a technology known as the Overledger DLT gateway, Quant can seamlessly connect several decentralized networks together, regardless of which specific distributed ledger technology they use (e.g. blockchain, DAG, or other protocol).

Quant's flagship product is the Overledger Enterprise platform, which it announced as the first DLT gateway for enterprises. It is used as a simple API gateway for various distributed ledgers, allowing companies to easily connect their pre-existing infrastructure to the blockchain. The platform offers an easy-to-use REST API that provides a standardized way to interact with a wide variety of blockchains.

The technology allows companies to create what Quant describes as “multi-DLT smart contracts,” or MAPPs. These are essentially smart contracts that exist across multiple distributed ledgers, allowing decentralized applications (DApps) to leverage the data and capabilities of multiple platforms to provide functionality that was not previously possible.
Quant also supports so-called multi-ledger tokens (MLTs), which are digital assets backed by real funds held in custody by a financial institution. These MLTs can be used to display stablecoins, vouchers, loyalty points, central bank digital currencies and more. Quant's allows them to be issued and used across multiple distributed ledgers
Overledger technology.

As of June 2021, Quant is running on version 1.5 of its mainnet and Overledger 2.0 is now operational. The platform does not have a set roadmap, but the team behind the platform is currently largely focused on onboarding developers, blockchains and applications on the Overledger network.

What makes Quant unique?

Quant aims to help enterprises streamline their workflows and improve efficiency through the integration of blockchain technology. The platform includes a number of unique features that help it stand out from the competition.

It is Blockchain agnostic

Quant is designed to provide an interoperability solution that works with any existing distributed ledger, regardless of its architecture and individual properties. Similarly, Quant's Overledger DLT Gateway easily integrates into existing financial infrastructure, allowing developers to easily leverage the capabilities of different blockchains using a REST API.

Unlike some existing layer 2 solutions, Quant's Overledger platform requires no modifications to the base chain to integrate, making it completely plug-and-play.
The quantitative sign

Like most blockchain-powered platforms, Quant features its own native utility token, known simply as Quant (QNT). As a utility token, it is designed to serve several functions within the Quant ecosystem.

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