Today, the integration of the blockchain mechanism at the corporate level and into government agencies is a rather complicated process. One of the main difficulties in implementation is the problem of choosing the right technology for the information block chain. Such a decision is difficult to make, especially in a situation where the network needs to be connected with other similar elements and implemented in already active business processes. This raises the complexity of the compatibility of all systems, which has arisen as a result of the strong fragmentation of the entire industry.

Since at the moment there are a large number of developing blockchain projects that compete with each other, if we consider the problem from the technical point of view, the lack of compatibility leads to the dependence of distributed applications on one service. So, the Quant project was formed to solve this problem and the interaction of various dApps-tools on one site.

About project Quant

Cryptocurrency Quant Network is a startup offering a platform for blockchain communication of various systems. Although the project has technical characteristics in common with some of the analogues already launched on the market, it still separates the business ideology from the main accounting mechanisms.

This arrangement means that shared applications can operate simultaneously in different registries. However, their two-way relationship remains. Thus, dApps can interact, transfer and exchange data and assets, regardless of the registration positions on which they are operated.

This resource allows users to create dispersed multipurpose applications that are not tied to a single blockchain. Clients of the service can activate not only these mechanisms, but also conclude smart agreements, contracts, send information across various blockchains.

This system design was implemented to encourage the use of information chain technologies in a variety of industries and situations. That is, this should lead to the popularization of such a network and its large-scale integration without being tied to a specific person or chain.

The operating system of the site is patented and will allow you to take information from one blockchain and transfer it to other networks. In order to implement this level of scalability compatibility, the project divides the blockchain into several layers:

Financial Transaction Layer - It contains and stores transactions that are added, recorded, and queued. Includes all translations required to reach consensus across the various block information chains.
The message layer is a logical layer, as all necessary information is pulled from the registries. This content can be transactions, smart conventions, or some other metadata. Also in this department a messaging system is provided, which is capable of handling large volumes of information at many nodes.
Filtering and sorting level - responsible for debugging communication between messages at its stage. This is how they are ordered and sifted based on hash information. As for metadata, application schemas and requests are monitored.
Application layer - real messages that match the requested form, receive signatures and list the messages of the application itself. So different DApps can broadcast the same messages or refer to the broadcast of another application on the network.
Thanks to such a device of the ecosystem, it is possible for developers to form mApps - these are multi-blockchain decentralized applications that quickly run the same business logic in different systems and protocols of the information chain.

In addition, the project is aimed at realizing a number of goals:

setting up interaction between various DLTs and debugging it with existing networks and corporate systems;
the formation of a whole network of mApps;
connecting the Internet to the information chain through a resource and providing direct TCP / IP routing to the blockchain;
creation of network addresses in its own Quant-format to form a trusted network;
activation of basic applications for the Internet;
development of Quant ID identifiers for their use in financial transactions;
popularization and mass adoption of blockchain technology;
creation of an interface for integration into world networks and various blockchains;
setting up relationships between existing networks and new blockchains;
assembly of a new operating system that satisfies innovative applications.
To achieve all these goals, the device of the site provides for its position on top of the blockchains, then it is a meta-gateway for already formed networks, connection to information chains and vice versa.

Quant features

The Quant cryptocurrency is a platform on which multipurpose distributed applications are available. The company will provide developers with tools for forming interconnection technologies between blockchains using the SDK (software development kit).

In order for the mechanism to really give endless functionality to users, it must have a number of features:

activate applications of a new level to work with several blockchain chains at once;
not be limited to either vendors or architecture tools;
spread communication and recognize transactions and digital assets by purpose.
So, all developers will be able to shape their applications that meet the goals of the consumers themselves, and at the same time without the need to use only one chain. That is, they will be able to create applications that include the entire set of blockchain functions.

The project also provides a number of opportunities for:

Enterprises - for this contingent, the project provides access to new markets and users. It also minimizes risks, increases the level of sustainability, and provides an opportunity to distribute applications through blockchain network channels. Collaboration with suppliers and partners using different blockchains becomes seamless, because technology or tools guarantee flexibility in the operation of any block.
Individuals - the project will be completely changed for the interaction of customers with blockchains. The generated identifier of one chain will be recognized on every other network integrated into the resource. At the same time, participants will not need to constantly go through the authorization procedure and register new accounts.
Developers - Quant will stimulate this category of individuals using the App Store. This tool will provide an opportunity to encourage them by distributing coins in the created applications. For those planning to generate an income stream, a third-party financial processor can be used for transfers at a developer-defined level.
Financial Services - this line of work will focus on the capital market, retail, trading exchanges, asset management and RegTech. This vector of activity was chosen to simplify their complex, time-consuming processes and realize their strengths.
Healthcare - active monitoring of interaction in this area, as well as in the area of clinical trials and counterfeit medicines. All work is aimed at increasing the level of confidentiality, security and information compliance. It is planned to create digital databases and records to improve the efficiency of treatment of people, the activities of medical staff and scientific departments.
In addition, the possibilities of the project will also affect government agencies. Thus, it will analyze integration for governments in terms of gaining benefits, calculating savings and efficiencies, addressing gaps and ensuring transparency.

How is Quant created?

The creator of the Quant cryptocurrency is the London-based Quant Network Corporation, which aims to make a breakthrough in the application of information chains and a blockchain-based operating system. So, the developers created a startup Overledger.

In 2016, Gilbert Verdian (CEO and one of the founders of the company) formed an entire team, which included leading experts in the technology industry - IT professional Colin Paterson and digital economist and cybersecurity specialist Paolo Taska. By the spring of the following year, the development was completed, and the site was registered in the city of Zurich. Also at the same time, the first preliminary crowdsale of the startup took place, followed by the main ICO.

Thanks to the measures taken, the projects hard cap and its activation on the market were quickly and efficiently achieved. The largest and most influential partners of the resource are the Distributed Ledger Foundation and Haw Hamburg University. These alliances were created to address the challenges of developing smart agreements and the very potential of information blockchain technology.

Is Quant Infinite?

The Quant crypto will give access to the platform for developers and participants of various multifunctional blockchain applications. There are 31 million coins available in the world. The tokens were transferred a few months after the end of the preliminary crowdsale. In this case, all unused assets will be liquidated. So, in percentage terms, the tokens were distributed as follows:

68.19% were put up for auction;
31.81% remained in the platform reserve;
13.67% was distributed among founders, partners, employees and advisers, but the funds will be frozen in accounts for a year;
18.13% of digital currency was left to cover operating expenses.
So, 31 million units will be in circulation in the financial market, and almost 14.5 million - at the mercy of the resource itself. In total, the number of coins reaches 45.5 million tokens.

Quants strengths

The CEO and founder of the project has over 20 years of experience in the technology and cybersecurity industry. In addition, he has a strong team that has been dealing with similar blockchain platforms for more than one year. Therefore, experts are confident that they will be able to provide a reliable and efficient basis for this service. In addition, the founders of the startup have strong ties with government agencies and national agencies. And this gives the project support from the integration of the network in their instances.

If the developers are able to successfully eliminate all the problems associated with the massive implementation of the mechanism, then the site will be used by a huge number of applications, since they are formed and operated on top of the project technology with several registers.

Quantum also has other strong characteristics:

high level of development;
uniqueness;
relevance for todays market;
practicality in application;
efficiency;
ensuring interaction between blockchains, which helps to speed up the Quant transaction process;
clear and intuitive interface;
tools for building multipurpose dispersed applications and smart contracts;
the ability to communicate with all current devices.
Based on this, one can judge the very high prospects of the project, since if all the goals are realized, the project will set a new level of information technology, which has not been used anywhere else before.

Quant in TOP currencies

The stable rate of the Quant cryptocurrency indicates that the asset is firmly rooted in the industry. And despite the fact that a large number of companies are working on the problem of using information blocks, the site still managed to break into one of the market leaders. Its main competitors are still organizations such as Virtualchain by Blockstack, Polkadot by Parity Technologies, and Interledger Protocol by W3C. These startups add additional complexity, expense and risk because:

include an additional chain on top of an existing one;
use a different consensus protocol in addition to the underlying mechanism;
have big restrictions for the agreement between blockchains.
This project is only a platform, not just another blockchain. In addition, the site is universal and allows any information chains of blocks to interact in the N: N format. This makes it unique and promising.