Quant, a blockchain technology provider, has launched its Overledger platform to the general public as software as a service.
According to a press release, the Bank of England and the Bank for International Settlements used the platform for the Rosalind project, a central bank digital currency initiative.
Using this platform, clients can issue digital money and interoperable assets, move them between blockchains, write applications and create smart contracts. The project is designed to reduce the time it takes developers to launch a blockchain project.
“From central banks to their commercial partners, from issuers to asset managers, the financial world is now realizing the transformational value of blockchain,” Gilbert Verdian, founder and CEO of Quant, said in a release. “Overledger is already being used in some of the most demanding use cases in finance. It’s a mature approach to adopting this technology that any developer or business can now use to expand their offering and get to market quickly and easily. We think this will be a game changer for anyone looking to build a business in the blockchain economy.”