[8 January 2020 Douglas, Isle of Man] — Dynamic Partners has completed its previously announced strategic review of Quanta, and has presented its results and recommendations to Quanta’s board of directors.
As a result, Quanta’s board has made the decision to implement the following changes, with immediate effect:
Business focus – Quanta will implement the recommended strategy to expand its activities with a focus on b2b moving forward. b2c operations will continue from IOM and via its subsidiaries but Quanta Technology will focus on providing b2b solutions to governments and operators in regulated markets. This means Quanta will look to take greater advantage of its current and future flexible blockchain-based gaming solutions beyond its own operations, expanding the company’s potential reach.
Product development – Agile development practices will be adopted which will help to focus and accelerate development times. Quanta’s product roadmap will be focused on short to medium-term deliverables and all development will be strategically and business focused to ensure commercial potential is established and realised with much greater effectiveness moving forward. All products will be developed in such ways as to increase the potential for blockchain in gaming whilst reducing barriers to entry for non-crypto participants. Quanta will create product generating platforms that can be expanded to multiple use cases.
Myquanta.im – Quanta’s b2c lottery brand and operation will be significantly enhanced for greater user friendliness in terms of onboarding and participation. The crypto barrier will be reduced so that participation is currency agnostic (whilst also accepting QNTU and crypto) and new games will be added much more rapidly. Quanta will continue to use and promote the participation in Randao in the generation of lottery results and intends to scale and make the participation in Randao much more user-friendly moving forward. Once the product improvements are implemented focus will be given to rapidly scale users.
Senior management – The board has requested for all members of the existing senior management team to stand down and is in the process of appointing new senior management that it feels are better suited to implement the recommended changes and to take Quanta forward in its next stage of evolution and growth.
Quanta statement: “This strategic review has been an essential exercise for us to make sure that we have the right strategic vision, appropriate plans in place to achieve that vision and the right team and resources to deliver those plans. It has been a challenging 6 weeks but we feel we are now on the right path to significant growth and are excited about the future. Our focus is on our licensed lottery technology and operation but we see a very exciting future ahead as we introduce more solutions that have the potential to further enhance the gaming ecosystem.”
“Quanta has fantastic potential,” commented Harmen Brenninkmeijer, Managing Partner of Dynamic Partners. “We have identified some really exciting areas of growth and once Quanta has completed its period of adjustment we are confident we will start to see a real advance in Quanta’s intention to continue to pioneer the use of blockchain in gaming as a means to enhance the potential of gaming technology whilst lessening barriers to entry.”
Quanta is a pioneer in the development of blockchain solutions for gaming. In 2017, the company launched the first licensed blockchain lottery, fully utilising blockchain together with its NMI-certified random number generator, Randao, which is entirely built and operated on blockchain. Quanta’s utility token, QNTU trades on six renowned cryptocurrency exchanges including HitBTC and Bit-Z.
About Dynamic Partners
Dynamic Partners is a Hong-Kong based consultancy that is operated by a group of highly experienced gaming industry experts with decades of experience across a wide range of jurisdictions, with true root and branch understanding of the global gaming industry as suppliers, operators, executives, financiers and investors.