Kvantor: Software for the blockchain banking of the future

From the earliest days of cryptocurrencies, the potential of blockchain technology for changing the shape of finance and the global economy has been widely acknowledged by enthusiasts. It was expected that blockchain-based operations would either displace or transform banking, liberating it from central control and establishing a more efficient, reliable and transparent way to conduct financial operations. Many new advances have been made since then, but so far, no cryptocurrency has managed to obtain the mainstream adaption necessary to make this dream come true.

https://kvantor.com/

Kvantor Tech has approached the problem from a different end. It developed a suite of financial software tools to let banks make use of the options created by the blockchain. While this system will be fueled by an internal token economy, it will enable safe and easy transfers using any number of fiat or cryptocurrencies.

What products does Kvantor Tech have to offer?

The Kvantor platform consists of three modules, grouped together under the name of KVANTOR.KEY. They are:

1. KVANTOR.NODE, a blockchain node distribution kit based on the HyperLedger Fabric. It will contain the Kvantor API needed for the integration of the network with client software (Automatic Bank Systems). This module will also support the transfer of fiat or digital money between banks through the blockchain.

2. KVANTOR.BANK, which will support blockchain-based banking services for banks and their customers, such as business-to-business transfers, credit, bank guarantees, factoring and escrow services. All services will be provided through smart contracts and form an immutable and transparent history of operations.

3. KVANTOR.MARKET, aimed primarily at other businesses and allowing them to trade on the commodities exchanges with the help of smart contracts and using fiat or cryptocurrencies. In addition to peer-to-peer transactions, this module will also support an electronic legal document flow, complimentary services such as logistics, insurance and arbitrage arrangements, transaction monitoring and auditing, automatic conversion from one currency to another at an optimal rate, escrow services and the possibility of cooperation with banks. It will come with its own APIs and news services.

Kvantor Tech will issue two kinds of tokens that will be connected to the running of this system. The KVANTOR token (KVT) will grant a non-exclusive right to sell licenses for some or all of KVANTOR.KEY products, represented by KVARK tokens which will be awarded to them on a monthly basis. KVANTOR holders will also receive a monthly share of the profits from software sales. KVARK tokens will act as license keys for the Kvantor products, and will be written off when the licenses are activated, to be redistributed again between Kvantor Tech and its partners. Different license models will be available, including a limited functionality free trial option. Others will place limits on the number of devices, consumers or transactions. To expand their access to the platform's functionality, clients will need to buy more KVARK.

What advantages does Kvantor bring to the table?

Kvantor promises to give banks and other businesses all the advantages of blockchain technology, such as transparency, security and freedom from unwanted central control. Smart contracts would streamline many complex operations and increase their reliability. The choice of HyperLedger Fabric is motivated by its higher efficiency and transparency, which should allow for easy auditing of transactions. At the same time, Kvantor's proposal goes to great lengths to ease the integration of blockchain technology for banks around the world. In addition to its adaptation kits, it promises a multilingual interface, close attention to local legislation for paperwork and other purposes, and a focus on efficient international transactions. Its money transfer protocols will be broadly analogous to SWIFT, making the switch as seamless as possible.

Kvantor Tech employs seasoned finance professionals and software engineers who have a strong understanding of the banking sector and its specific needs. They report already having received some interest from prospective partners among banks and other stakeholders. Kvantor's software is already at the demo stage and can be accessed through its website. The company intends to support third-party developers through a separate partner program, allowing them to design apps for additional use cases and integrate them into KVANT.MARKET.

https://kvantor.com/

Token sale details

Blockchain finance solutions for a global economy

Kvantor has many competitors, even in the comparatively narrowly defined field of bank-oriented blockchain finance software. However, its proposal, which is not based on adding yet another cryptocurrency to be used as a possible means of exchange, is sufficiently distinctive to set it aside from the others. On paper, at least, it seems like a viable solution. Its fate will depend on how well its technology will hold up, and how many partners actually go from being interested to being actively involved.

Whether or not the decentralised, blockchain-based model will actually displace the current one any time soon is also an open question. However, there is undeniable interest among mainstream financial structures all around the world in the benefits of blockchain transactions – perhaps more so than there is in cryptocurrencies as such. It is here that Kvantor's international focus may play an essential part. By streamlining international transactions, it could showcase the advantages that blockchain technology offers to mainstream players.

Links:

Website: https://kvantor.com/
WhitePaper: https://kvantor.com/docs/whitepaper_en.pdf
Telegram: https://t.me/kvantor_com
Facebook: https://www.facebook.com/kvantorcom/
Twitter: https://twitter.com/KVANTOR_COM
Medium: https://medium.com/@kvantorcom
ANN: https://bitcointalk.org/index.php?topic=3385572.0
Author: https://bitcointalk.org/index.php?action=profile;u=980049

Disclaimer
This review by Bonanza Kreep is all opinion and analysis, not investment advice.