Quant Network, creator of the Overledger platform that facilitates the development of decentralized, multi-chain applications, today announced that they have been working with Binance and will be connecting Binance Chain to their Overledger operating system, helping to facilitate enterprise interoperability.
The Quant Network team has already connected a number of enterprise blockchains such as Corda, Hyperledger, and Ripple as well as public blockchains such as Bitcoin, Stellar and Ethereum. Now, Binance chain users will benefit from universal Interoperability by being able to cross transact across blockchains through the approach provided by Overledger technology.
Overledger is a blockchain operating system (OS) that not only inter-connects blockchains but also existing enterprise platforms, applications and networks to blockchain and facilitates the creation of internet-scale multi-chain applications otherwise known as mApps.
Binance Chain is a blockchain project recently launched by Binance, one of the leading cryptocurrency exchanges in the world. By Binance Chain solving interoperability through Overledger they will enable enterprises to use and interoperate with Binance Chain with just 3 lines of code:
Quant Network/Binance Connection Overview
- Allows enterprises that use private permissioned blockchains like Corda and Hyperledger Fabric and Ripple to use and interoperate with Binance Chain to create innovative uses cases in transactions, payments, and settlement to unlock value.
- Enables Multi-chain apps (mApps) to interoperate with Binance Chain to benefit from the features of Binance Chain’s technology.
- Binance Chain applications and users can for the first time access enterprise permissioned blockchains and supported blockchains seamlessly with Overledger.