Quant provides interoperability between DLT networks through Overledger

Quant (QNT/USD) was the biggest gainer in the top 100 crypto coins by market cap today. It added as much as a quarter to its value. The asset has many advantages, a major one of which is its ability to deliver universal interoperability between permissioned and permissionless DLTs, according to a recent post on Oracle.

Addressing the most challenging facet of interoperability

The most difficult aspect of interoperability is cross-ledger support when different technologies and protocols are involved. There are no enterprise-grade solutions yet. Quant is working with Oracle to address these challenges with a production-ready solution.

As a result of the partnership, Oracle certified Overledger for interoperability with Oracle Blockchain Platform. Quant has a ready solution certified in Oracle Cloud Infrastructure for clients looking for production-ready infrastructure to support cross-ledger interoperability between Oracle Blockchain Platform and other ledger technologies.

What problems will Quant’s solution eliminate?

Quant’s solution will help customers become DLT agnostic and connect different DLTs internally within their organisations. It will enable businesses to move digital assets from one DLT to another, doing away with the limitations associated with digital assets existing on one DLT.

Quant will also make it possible to use different DLTs, which can interoperate in order to access new markets. Organisations will be able to orchestrate transactions between different permissioned DLTs.

Quant and Oracle are rolling out solutions

Quant and Oracle are launching solutions on the Oracle Blockchain platform for a number of different sectors, a key one of which is financial services. Among the challenges that come with blockchain interoperability in finance are privacy, data protection, identity mapping, security, and disintermediation.  

Quant and Oracle are working to address all of these. The modular architecture of Overledger, Quant’s flagship product, is the perfect solution.  

How can Overledger help?

Hyperledger hosted an Oracle event, at which Quant demonstrated the interoperability based on its Multi-Ledger Tokens solution. No code is needed to use Overledger, which enables rapid deployment and integration for many enterprise scenarios together with the Oracle low-code/no-code Blockchain App Builder.

Overledger can help anyone who’s exploring or using Oracle Blockchain and wants to connect their ledger to other blockchains.

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