1. #Quant provides the most up-to-date data at any time and allows banking systems to interconnect with each other. Besides this, Quant also makes it possible to flow digital money in or out of an organization.
2. Its distributed ledgers eliminate duplicate reconciliation and notarization processes. Quant allows the creation of new assets on any connected distributed ledger; thus, it does not require any coding.
3. The Quant team is planning to enter different sectors such as healthcare, supply chain, and financial services. Out of these, Quant Health is an application used by healthcare institutions to track electronic health records.
4. The partnership between Quant and Ledger3 is a significant step in protecting Australia’s seafood export market. Additionally, it enables more traceable, transparent, and trustworthy supply chains.
5. The major limitation of present-day blockchain is the inability to interconnect with one another. However, the Overledger integrates old and advanced blockchains together.
As CBDCs are in the news nowadays as many countries are testing their own digital currency,
6/cont / the team is also looking to provide Overledger as a solution to governments and central banks that are in the initial phase to launch their own CBDCs.
7. These are applications built on top of multiple blockchains. Each mApp allows multiple smart contracts to work together on different blockchains.
8. Quant’s ecosystem allows developers to build multi-chain applications (mApps) for users. It works as an application hub like Google Play Store and iOS App stores.
9. Projects have to obtain an annual license to develop applications on Overledger. In addition to the license fee, users should hold a certain number of $QNT tokens to use this application.
9/cont/ As a result, Quant’s technology is simple and cost-efficient for industries such as fishing fleets, dairy producers, and wineries.
10. $QNT is an ERC-20 token. It is compatible with the Atomic Wallet or Exodus Wallet. It can also be stored in a hardware wallet like Trezor or a Ledger device. Besides this, $QNT is also used to pay network fees and reward participants.