Quant Announces Public Rollout of Blockchain Platform Utilized by BoE and BIS for CBDC Initiative

Quant, a provider of blockchain technology, has announced the public release of its Overledger Platform as a software-as-a-service. According to the official statement, the Bank of England and the Bank for International Settlements have announced that Project Rosalind, an initiative focused on central bank digital currency, has utilized this infrastructure.

The platform offers users the ability to create digital currency and interoperable assets, as well as facilitate their transfer across various blockchains. Additionally, it allows for the development of applications and the creation of smart contracts. The project aims to reduce the implementation time required by developers for a blockchain project.

Gilbert Verdian, the founder and CEO of Quant, stated in the press release that numerous entities in the finance industry, including central banks, commercial counterparts, issuers, and asset managers, have recognized the revolutionary potential of blockchain. The Overledger technology represents a sophisticated approach to its implementation, now available to developers and businesses, enabling them to quickly and seamlessly expand their range of services. We believe this will be a transformative development for individuals or organizations looking to establish a blockchain-based business.