What is Quant Network and Overledger?
Quant Network is a company founded in 2018 in London by Gilbert Verdian (former CEO in the cybersecurity and financial technology sector).
The main product of Quant is Overledger, described as "the first operating system for blockchain interoperability." Overledger is not a standalone blockchain but rather a layer that allows different blockchain networks (such as Ethereum, Bitcoin, Hyperledger, Corda, etc.) and traditional systems (e.g., banking APIs) to communicate with each other.
How does it work? Overledger acts as a "bridge" that standardizes data and transactions between various ledger technologies.
This is particularly useful for enterprises that want to use blockchain but do not wish to be limited to a single network.
Uniqueness: Unlike other interoperability projects (e.g., Polkadot or Cosmos), Overledger is blockchain-agnostic and does not require users to utilize Quant’s own blockchain. This makes it extremely flexible. 2. The role of the QNT token QNT is the token that powers Quant's ecosystem.
Here’s a more detailed breakdown of how it works:
Licensing: To use Overledger, enterprises must purchase a license, which is paid in traditional currencies (fiat). Quant Network uses these funds to buy QNT tokens from the market, creating demand. The tokens are then "locked" for a specified period (usually 12 months) to ensure access to the platform.
Transactions and services: QNT is used to pay transaction fees or to access specific services in the network, such as creating mDApps (multi-blockchain decentralized applications).
Interoperability: The token facilitates the transfer of value between different networks, allowing systems to "speak" to each other.
3. QNT Tokenomics Total supply: 14.88 million tokens, of which around 12.07 million are in circulation (as of the latest data). Distribution: About 2/3 of the tokens are intended for the community and market. The rest are for the team, advisors, and early investors, with a significant portion gradually unlocked.
Deflationary mechanism: There is no additional issuance of tokens, and the locking of QNT for licenses reduces the circulating supply, which may increase the price with rising demand.
Demand: The demand for QNT depends on corporate adoption of Overledger. The more companies use it, the more tokens will be locked.
4. Applications and corporate adoption Quant Network focuses on corporate and institutional solutions, which distinguishes it from many other crypto projects aimed at individual consumers.
Financial services: Quant works with banks and financial institutions for blockchain integration in payments, settlement, and asset tokenization. For example, they are linked to central bank digital currency (CBDC) projects like the digital euro.
Healthcare: Overledger can be used for secure sharing of medical data between different systems while maintaining confidentiality. Trade and logistics: The platform facilitates supply chain tracking by connecting various blockchain systems. Partnerships: Quant has collaborations with major players such as SIA (European financial infrastructure), Oracle, Hyperledger, and others. They are also part of projects like LACChain (a blockchain initiative in Latin America).
Advantages:
Interoperability: Quant addresses one of the biggest challenges in the blockchain space – the lack of compatibility between networks. Corporate focus: Collaboration with major institutions and regulatory compliance (e.g., with MiCA in the EU) increases trust. Scalability: Overledger can handle a huge number of transactions, making it suitable for large-scale applications.
Risks:
Competition: Projects like Polkadot, Cosmos, and Chainlink also offer interoperability solutions. Dependence on corporate adoption: If large institutions do not adopt Overledger, the demand for QNT may remain limited. Market volatility: As with most cryptocurrencies, the price of QNT is subject to market fluctuations.
One thing that few people know about **QNT** and Quant Network is their connection to the **UK Digital Pound project** and their role in experimental initiatives for central bank digital currencies (CBDC). Quant Network has been involved in discussions and pilot projects with the **Bank of England** and other financial institutions for developing the infrastructure for a digital pound. Specifically, they have worked on integrating Overledger to ensure interoperability between the potential digital pound and other blockchain networks or traditional financial systems.
This information is not widely discussed outside specialized circles, as Quant Network often maintains a low-profile approach to its public announcements, focusing on corporate partnerships. However, their contribution to CBDC projects could be significant, as central bank digital currencies are seen as a key element in the future of finance. This positions QNT as a potentially critical player in the infrastructure of next-generation financial systems, but it remains under the radar of many individual investors in the crypto space.
Another little-known fact is that Quant has developed a specific tool called **Overledger Network for Enterprise**, which allows companies to create their own "tokenized ecosystems" with minimal technical complexity. This tool is aimed at sectors such as healthcare and logistics but is not actively marketed in the crypto community as it is intended for corporate clients.