Quant is a blockchain-oriented project which aims to create a technology to automate the trust functions between multiple blockchains with the help of their own operating systems. The Quant OS is built with the main goal to establish the connection between different networks and blockchains at a global scale and improve their interoperability. Its ecosystem is fueled by a native utility token QNT which is available for trading on several exchanges including Bithumb Global and Bittrex.
The development of the Quant platform began in 2015, the white paper was released 2 years later in 2017. The project has two registered offices - in Zug, Switzerland, and London, UK.
The key problems and products to resolve them
Quant sets the goal to resolve the problem of interoperability which became really acute as in addition to Ethereum and Bitcoin, quite many different blockchains have been released since 2017. Due to the technical differences between all these blockchains, tokens cannot be easily converted and transferred from one platform to another.
The team standing behind the project develops the platform to integrate multiple individual gateways into one. This facilitates the use of different blockchains for individuals, organizations, and governments, helps them focus on their businesses and enjoy the benefits provided by the new technologies.
One of the key products developed by Quant so far is Overledger. This is the world’s first blockchain operating system (OS) that interconnects blockchains and other existing networks. Its architecture is based on the next-generation protocol that provides the API for multiple blockchains to get connected to all existing networks and those that will be created in the future. Multi-chain applications (mApps) and operating systems can be developed with its help as well.
GoVerify is another technological branch that Quant is focused on. This is a new anti-phishing technology that allows detecting whether phone calls, text messages or emails are legit and come from a verified sender. The team also works on blockchain adoption in such areas as big data, global supply chains, financial sector, insurance, healthcare, etc.
Quant ICO and QNT token
QNT is an Ethereum-based utility token. Initially, the total volume of QNT tokens was 25,000,000 pieces. The pre-ICO stage started on December 19, 2017, and ended successfully in a month, but the information about the raised sum has not been publicly revealed.
The public sale was conducted in March - April 2018 with about 9 million QNT distributed among investors. The rest of the tokens were reserved for other needs of the project.
On 14 September 2018, the Quant team burned nearly 9,546,000 of QNT tokens, so at the time of writing, the updated total supply is 14,612,493 QNT.
Team and partners
The Quant team members have worked both in the private and public sectors having gained enough experience to understand well the problems inherent to these areas.
Gilbert Verdian, the CEO of the project, is a specialist with over 20 years of experience and technological background. With a keen interest in cutting-edge technology, he is developing projects in such areas as blockchain, cybersecurity and AI. Prior to founding Quant, he had worked in the governmental and healthcare organizations.
Paolo Tasca is another Co-founder and the Chief Strategist at Quant. As a digital economist, Paolo Tasca is an innovation expert in blockchain technology for complex systems.
Colin Paterson, CTO, is a technology innovator with a solid background in cybersecurity, information, and AI, who has years of cross-sector experience in finance, defense, health, and utilities. Working with the other founders of Quant to democratize blockchain development he strives to unlock the full potential of blockchain technology.
The Quant project has established a strategical partnership with such organizations as Rockefeller Capital, Amazon AWS, Oracle, Pay.UK, and other leaders of the fin-tech industry. In April 2018, Quant Network announced an exclusive partnership with Jiangsu Huaxin Blockchain Research Institute (JBI) the research hub dedicated to exploring blockchain technology for the Chinese Ministry of Commerce.