There are major limitations to current blockchain technology and Overledger aims to provide a unique solution by making interoperability between different blockchains more straightforward.
Quant Network is pleased to announce that they are partnering with Crowdz to connect their digital B2B network across multiple blockchains.
Overledger, Quant Network’s revolutionary blockchain product, is the world’s first blockchain operating system (OS) that not only connects blockchains to one another, but also connects existing networks to blockchain. There are major limitations to current blockchain technology and Overledger aims to provide a unique solution by making interoperability between different blockchains more straightforward.
Payson Johnston, President and CEO of Crowdz, a Silicon Valley trade-finance and financial-technology company, stated that, “Although Crowdz uses the Ethereum blockchain as the foundation for our Invoice Auction Exchange, we have needed a solution that allows for invoices and other documents to be transferred from one blockchain to another—for example, among Hyperledger, Corda, and EOS. With the Overledger solution from Quant Network, it is now possible to pass data among different blockchains. Crowdz looks forward to working with Quant Network to enable the true multi-blockchain environment that our customers demand.”
Gilbert Verdian, Founder and CEO of Quant Network, stated that “We are excited to partner with Crowdz so that we can provide their customers with more interoperability and choice. This is a great opportunity for us to demonstrate how valuable interoperability is for the financial services sector, combining and interconnecting different blockchains to unlock value. There are huge possibilities for blockchain in trade finance and financial services entities that can leverage Overledger to bring new innovation and products to their customers.”