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Quant's Blockchain Platform, Used in Central Bank Digital Currency Project, Goes Public

Blockchain technology provider Quant has launched its Overledger Platform, used in the Bank of England and Bank for International Settlements' Project Rosalind, to the public as a software-as-a-service.

Quant's Blockchain Platform

Quant, a provider of blockchain technology, has launched its Overledger Platform as a publicly available software-as-a-service. This platform was used by the Bank of England and the Bank for International Settlements in their central bank digital currency initiative, known as Project Rosalind.

The Overledger Platform offers customers the ability to issue digital money and interoperable assets, move these between blockchains, develop applications, and create smart contracts. The intention is to streamline the time it takes for developers to deploy a blockchain project.

Quant's founder and CEO, Gilbert Verdian, emphasized the significance of blockchain in the financial world. He stated, "From central banks to their commercial counterparts, from issuers to asset managers, the financial world is now wise to the transformational value of blockchain."

Verdian went on to highlight the value of Overledger, describing it as "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." He believes that this launch could be a game-changer for anyone looking to build a business within the blockchain economy.