Quick jump
Hello and welcome to this blog post about Quant QNT White Paper. I am very excited to know that you are interested in this amazing technology, you will be going to amazed by the incredible potential of the blockchain.
There is a lot to learn about this futuristic tech, lets get started to dive into the Quant QNT white paper and start to leverage it to build a more secure and trusted ecosystem for Industry 4.0 applications.
The aim of this blog post is to help you quickly understand about the philosophy behind the Quant (QNT).
I can ensue you that, you will be able to understand every bits and pieces related to Quant (QNT) after going through the Quant QNT white paper.
Without wasting any further time lets get started to dive right in and lets understand white paper first.
What is white paper?
A white paper is an informational, influential, well-structured document, usually published by an organization, to provide in-depth information about a specific solution.
A white paper is used to provide a good insight into the challenges for a specific problem and a proposed solution for the same.
Quant QNT White Paper
Quant QNT white paper will be going to provide you, all the information that is needed to get started with Quant (QNT), including the inspiration for creating, the problem it is trying to solve and the solution proposed by Quant (QNT).
Abstract
“ The traditional Internet architecture hasn’t yet achieved its vision of an open, trusted and secure network. The technology of distributed ledger technologies (DLT) and their broad range of applications across finance, healthcare, supply-chain and many other sectors, is an opportunity for the Internet to adapt and honour what was originally envisaged, and reach its potential as a decentralised network of networks.
While providing a broad range of benefits, the fast-paced environment of DLTs lack seamless inter-communicability, internally among ledgers, and externally with existing networks. This limitation forces distributed applications to be single-ledger-dependent, i.e. limited to be only executed on a single ledger.
From a technology perspective, the fact that distributed or decentralised applications are single ledger-dependent, makes it difficult to choose the appropriate DLT fit for a purpose, meeting technical and business requirements when considering DLTs for decentralised applications. This technical dependency slows down mass-adoption, limits scope, impedes scalability of new features and reduces necessary controls required for data security and privacy.
From a business perspective, a single-ledger DLT application increases the amount of risk, complexity and effort needed to adopt multiple DLT technologies, in many cases even duplicating resources and investments. Enterprises are forced to accept financial risk, due to a monopolistic approach to DLT fees, by limiting options to manage fees and transaction costs.
All challenges listed limit widespread adoption and a critical mass of users. This paper proposes a solution to this problem of single-ledger dependency, by introducing a new technology for the design, deployment and execution of multi-ledger decentralised applications. This technology’s called Overledger.”
White Paper Link: Quant (QNT) White Paper
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