Quant (QNT) is a cryptocurrency project that was launched in June 2018 with the aim of connecting blockchains and networks globally without compromising the efficiency and interoperability of the network. It is a project that seeks to address the interoperability problem through the creation of a blockchain operating system. The project is built as an operating system for distributed ledger technology and the Overledger Network, which is designed to connect different blockchain networks. The Overledger Network is a key component of the project and is intended to serve as a platform for the connection of various blockchain networks.

Quant functions through its Overledger Network, which is designed to bridge the gap between different blockchains. Overledger enables developers to build decentralized multi-chain applications (MApps) for their customers. To build a Mapp on the network, developers are required to hold a certain amount of Quant tokens (QNT). Overledger was designed with the intention of enabling blockchain-based projects to access other blockchains. It also facilitates the interaction of an application with other applications in the same blockchain ecosystem. Quant has a structure that allows apps to interact at different levels, including transactions, messaging, filtering and ordering, and an application for sharing and referencing identical messages related to other applications.

Quant's primary use case is to provide a platform for developers to build decentralized multi-chain applications (MApps). By using Overledger, developers can write smart contracts across a wide variety of chains, including those that don’t support them, such as Bitcoin. Developers can also use the platform to create and release multi-chain applications (MApps). Additionally, the Quant App Store can read and monitor transactions across multiple ledgers, providing a comprehensive view of activities across different blockchain networks. The QNT token, which is a utility token, is utilized for accessing Quant services, particularly for Overledger users to pay their fees.

Quant was conceived by Gilbert Verdian while he was working in the healthcare sector. Verdian, who has over 20 years of industry experience in upgrading the security, technology, and business strategies of businesses globally, identified the importance of interoperability in ensuring that patients registered on different platforms are covered. Prior to Quant, Verdian served in various high-profile roles, including the chief information security officer of Vocalink, a Mastercard company, and the security lead of the Ministry of Justice, UK. The second co-founder, Dr. Paolo Tasca, is a digital economist specializing in distributed systems. Dr. Tasca has served as a special advisor on blockchain technologies for the EU Parliament, the United Nations, and numerous central banks worldwide.

Overledger is not a blockchain itself, but rather a blockchain operating system that enables applications to function across multiple blockchains. This technology allows for seamless communication between different networks, making it easier for businesses and developers to connect to and interact with various distributed ledger technologies (DLTs) simultaneously. Overledger strives to facilitate the creation of multi-chain applications (mApps), which can operate on several different blockchains at once, unlike traditional decentralized apps (dApps) that run on a single blockchain. This gives developers the opportunity to leverage the advantages of multiple networks instead of being confined to a single blockchain. Overledger's role in connecting blockchains is intended to address the challenge of blockchain interoperability, thereby facilitating the use of blockchain technology for businesses.

Quant Network addresses the interoperability challenges between different blockchains through its unique technology, Overledger. Overledger is an API gateway that aims to facilitate interoperability, acting as a decoder layer that can be plugged into any network, as well as between networks and traditional technologies. This technology strives to allow different blockchain networks to communicate and share data with each other, enabling a more interconnected blockchain ecosystem. Overledger orchestrates all communications between multiple points, adding an extra layer to transactions and data exchanges on the blockchain. This approach seeks to offer improvements to traditional markets by enabling the frictionless trading of tokenized and digital assets, and aims to facilitate wider blockchain adoption.

Overledger Network operates as a Distributed Ledger Technology (DLT) gateway network, acting as a platform and marketplace. Overledger Network is not a blockchain itself, but it facilitates the connectivity of various network types, allowing for interoperable application development. This opens a path for enterprise systems to integrate Web3 functionality into their operations. Overledger Network allows network participants to create a bespoke gateway that provides access to APIs, data providers, blockchains, enterprise-based platforms, and supply management. It is designed for various uses including stablecoin minting, central bank digital currencies (CBDCs), supply chain management, payments, and marketplace creation. The platform's native token, QNT, is used for network resources like APIs, data, and connection between various enterprise blockchains and legacy systems. Overledger Network's approach to interoperability and decentralization strives to participate in the ongoing evolution towards a more transparent global financial system, while intending to offer a different perspective and functionality for legacy organizations.

Yes, developers can build decentralized applications (DApps) on the Quant network. The Quant network's patented technology, Overledger, is designed to facilitate the development of multi-chain applications (mDApps) that aim to operate across multiple blockchains. This is achieved by providing a shared channel where transactions from all ledgers are recorded, enabling communication between different distributed ledger technologies (DLTs). Developers do not need to be blockchain experts to build applications on the Quant network. With Quant Connect, they can create and deploy pre-built chain-agnostic smart contracts and cross-network bridges, adding interoperability to their applications without requiring extensive blockchain expertise. This positions the Quant network as a platform for developers who aim to incorporate the benefits of blockchain technology in their applications.

Quant Network strives to uphold security and maintain data integrity across blockchains through its Overledger platform. Overledger is designed with a focus on data protection and immutability, indicating that data cannot be altered once it's recorded. It also uses advanced modelling and simulation tools to create digital twins, virtual replicas of physical assets, processes, or systems. These digital twins serve as repositories of multiple data models related to the product or asset, each functioning as a distinct node or token in a blockchain environment. This approach aims to keep track of every element of their operations, with the intention of facilitating operational improvements. In addition, Quant's Overledger platform includes tokenisation processes that provide an approach to creating a digital twin in a focused environment on data protection. This indicates that no matter how complex the digital twin instance or aggregate may be, the underlying infrastructure can be readily used, with the intention of facilitating organisations in their digital twin projects.

The QNT token is a key component within the Quant ecosystem, serving as the primary means of access to the platform's services. It is utilized for licensing Overledger, the network's operating system that aims to enable interoperability between different blockchains. Developers and enterprises are required to allocate QNT tokens for a 12-month period to gain access to licenses for using Overledger. QNT tokens are also needed for Overledger read and write activities performed by developers, and enterprises running gateways on the Overledger Network also need to cover an annual cost in QNT. Furthermore, participants in the Overledger ecosystem are expected to maintain a certain allocation of QNT tokens. The utility of the QNT token extends to the Overledger Network Marketplace, where data holders and service providers can list services, data, APIs, and other resources, which can be accessed with QNT tokens. The QNT token has a fixed supply of 14.6 million, which is an important aspect of its role within the ecosystem.

Quant Network provides a platform for operations between protocols, blockchains, and other distributed networks through two native solutions: Overledger OS and Overledger Network. Overledger OS is Quant's distributed ledger technology operating system, while Overledger Network is a decentralized network that includes various distributed ledgers. Quant Network includes various enterprise-oriented blockchains and cryptocurrencies. By providing a platform used in various blockchain-based use cases, Quant Network seeks to contribute to the development of enterprise blockchain solutions.

Quant technology is being utilized in various real-world applications, particularly in the fields of quantum computing and cryptography. For instance, in quantum computing, Quant technology is being used to improve error correction in quantum systems, potentially making large-scale quantum computers possible. This advancement could potentially offer improvements to the performance of quantum-computing hardware. In the field of cryptography, Quant technology is being applied in quantum key distribution, a secure communication method that enables the distribution of secret keys known only by the authorized parties. This method allows the detection of any third party trying to access the key, providing a level of security. Other applications of Quant technology include quantum coin flipping, quantum commitment, and position-based quantum cryptography. These applications strive to offer potential improvements in security and efficiency, and seek to provide solutions to complex problems in various industries.

Quant has formed several strategic partnerships within the blockchain industry to work on its interoperability capabilities and broaden its scope. Some of these collaborations include UST, a company that provides digital transformation solutions through technical integration and tokenisation services. Together, they strive to facilitate the issuance of central bank digital currencies, commercial stablecoins, and digital securities onto major distributed ledger networks. Another partnership is with LACChain, a global alliance led by the IDB Lab. This collaboration uses Quant's Overledger for established banking partners to benefit from an interoperable infrastructure for efficient cross-border payments. Quant has also entered into an agreement with SIA, a hi-tech Italian company, to integrate the SIAchain infrastructure with Quant’s Overledger for the development of DLT-based, cross-platform applications. Quant has also partnered with Oracle, a database management company, to work on cloud-based solutions and business development. Lastly, Quant has collaborated with LCX, a regulated fintech company, to work on the further development of the Quant ecosystem. These partnerships are part of Quant's efforts to foster interoperability within the blockchain industry.