Blockchain company Quant has developed a product that allows banks to conduct transactions more securely with blockchain.
Developed by Quant Overledger Authorize Thanks to this, banks and other institutions can access the corporate key management systems they currently use. digital asset and blockchain keys They will be able to integrate.
In this way, institutions such as banks when confirming transactions They will be able to establish an end-to-end connection between the systems they currently use and blockchains.
Authorise was recently implemented in partnership with the Bank of England and the Bank for International Settlements. Rosalind It was used and tested in the central bank digital currency (CBDC) project called.
There is a gap between the key management systems used by banks and the blockchain where the transaction will be made. authentication, authorization And confirmation processes can be coordinated by Authorise.
Quant CEO Gilbert Verdian said the following about the new product they developed:
Overledger Authorise brings the blockchain ecosystem together with central bank-level capabilities in terms of key management. By integrating existing key management systems to effortlessly connect to blockchains while adhering to advanced security practices banks, institutions And developers We make it easier and safer to adopt digital assets.