ISO/TC307 will allow for these networks to all connect and interoperate with each other. Looking back from today, people would wonder how they even manage to go about their daily lives with a fragment of the internet like this.Ĭurrent blockchain and DLT technology is at a similar point in development, with most chains unable to connect to other native blockchains or systems without going through unnecessary steps. It wasn’t until TCP/IP was discovered that networks were able to connect to any network around the world without needing to understand or reside within the boundaries of the other network. In the early days of the Internet, the internet was divided into networks across different parts of the world, and without interoperability users could only access networks within the limits of their own jurisdictions. With current distributed ledger technology, our boundaries are extended, but still lack simplicity and interoperability to connect across other DLT’s and systems. Yet there are still barriers to universally connect. In today’s society, we’re more connected economically, socially, and culturally together thanks to the power of technology. In order to scale and for globalization, separate blockchains and DLT’s, other chains need to communicate and cooperate together, similar to how websites on the Internet can be connected together. Quant Network believes the future of blockchain and crypto assets won’t live on a single chain, but rather multiple blockchains. As this not only benefits the entire crypto ecosystem but also many financial and big tech institutions would be interested to work with the newfound solution Quant has discovered. Quant Network aims to target their services towards enterprises as a solution to connect and work with other companies’ networks, even if they were built on different systems.
#QUANT NETWORK CODE#
Without interoperability a iPhone using Verizon network would only be able to send and receive emails, calls and texts from other iPhones using Verizon network.īy utilizing three simple lines of code and an API Gateway for DLT’s, universal interoperability can be achieved allowing for any system or network to communicate. Universal interoperability will allow for different blockchains, DLT’s and API’s, made possible using the blockchain standard ISO/TC307, this blockchain standard will be the equivalent to what TCP/IP is for the internet.
The team at Quant Network has built the blockchain agnostic operating system Overledger to complete this task, Overledger will be the system which their multi chain applications will run on. They have created an operating system to run on top of all existing blockchains to connect the world’s current networks. The problem Quant Network is trying to solve is universal interoperability to all blockchains and enterprise technologies. As opposed to multiple separate networks that can’t communicate with each other. For the mass adoption of any technology, interoperability is essentially as it allows systems to work within each other in an ecosystem.
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