QUANT'S OVERLEDGER PLATFORM AVAILABLE TO ANY BUSINESS

KUALA LUMPUR, June 28 (Bernama) -- Quant, the blockchain for finance pioneer has unveiled Overledger Platform, the infrastructure used in Project Rosalind, the Bank of England and Bank for International Settlements’ retail CBDC project, available to all via software-as-a-service (SaaS).

According to Quant in a statement, Overledger Platform establishes a new benchmark for enterprise blockchain, universal interoperability and ease of use.

It is a low code SaaS allowing customers to issue digital money and interoperable assets with just a few clicks, move them from one blockchain network to another, and write new apps that will run on any network, among others.

With Overledger, this can take a developer minutes, rather than being a months-long project that can only be delivered by specialised blockchain experts.

The company’s founder and chief executive officer, Gilbert Verdian said: “From central banks to their commercial counterparts, from issuers to asset managers, the financial world is now wise to the transformational value of blockchain.

“Already used in some of the most demanding use cases in finance, Overledger is the grown-up approach to implementing this technology, one that any developer or business can now use to expand their offering, getting to market at speed and with ease.”

Meanwhile, its chief product officer, Martin Hargreaves said: “Until now, businesses have struggled to capitalise on the benefits provided by blockchain because it is a complex technology requiring specialist skills.

“Overledger Platform changes all that. It is simple to use, continually updated and integrates seamlessly with your existing systems. That is how it unlocks the power of blockchain for everyone,” added Hargreaves.

As Quant continues to work on projects with financial institutions worldwide, its platform is updated regularly, ensuring that all Overledger customers, big or small, benefit from new innovations as they are developed.

-- BERNAMA