Quant Network announce world’s first Blockchain operating system for governments

Quant Network and AUCloud have announced a partnership to apply the world’s first Blockchain operating system to sovereign cloud computing.

Quant Network is building the Internet of Trust, with the aim to connect the world’s networks to blockchain with just three lines of code.

The move aims to create greater security and functionality for the Australian government. Key areas of focus for the partnership are to remove today’s complexity with blockchains, providing choice, flexibility, and an interoperable cloud platform.

In the press release, they stated: “This Blockchain-as-a-Service will overcome the current siloed design of deploying multiple blockchain systems, creating an easy to use and more secure set of national capabilities.”

Scott Wilkie, director of AUCloud, went on to say the “Australian government, department of defence, and major industries are using or testing blockchain to interact with their supply chain, critical infrastructure, national record keeping, and financial services.”

Focus on interoperability

Quant’s operating system, Overledger, aims to be the first Blockchain-based system that facilitates multi-chain applications.

Scott concluded, “These organisations require the interoperable functionality that can only come with an operating system like Overledger and the security of the leading sovereign Australian cloud platform. Without Overledger, none of these projects or systems will be able to communicate with each other or enable cross-party collaboration.”

At the time of writing, the Quant token is currently trading at $1.36 with a market cap of over $13 million. Price has spiked over 3% upon news of the partnership.