Quanta Archives - Crypto Bloomberg

Guest authorJanuary 7, 2020
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5min50

[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.”

 

About Quanta
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.

 

Press release


Guest authorDecember 19, 2019
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3min153

[20 December, 2019, Douglas, Isle of Man] — Quanta has engaged Dynamic Partners, part of the Global Chain, to perform a strategic review with the aim to optimise the potential of Quanta’s tech and products in the gaming industry.

The intention of this review is to ensure that Quanta’s strategic direction is focused on delivering the optimum products to a strict schedule, and to re-align company goals to ensure continued positive progress. This review additionally aims to identify strong potential markets/business opportunities, and look to increase the efficiency and effectiveness of the company.

Quanta statement: “Dynamic Partners has extensive experience in the gaming industry. As part of the strategic review process, Dynamic Partners will make recommendations to the Quanta board with the aim to expand Quanta’s potential and identify opportunities for growth.”

“We see huge potential for Quanta in the gaming industry,” commented Dynamic Partners’ Managing Partner Harmen Brenninkmeijer. “As the leading provider of blockchain solutions for gaming, Quanta is carving itself an exciting niche position. Our deep dive review at this stage is intended to ensure Quanta’s strategy is aligned with product development, and that resources and processes are optimised and aligned with business goals.”

The strategic review period begins immediately and will run for 6 weeks.


About Quanta

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.

 

Press release


Guest authorNovember 27, 2019
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2min170
First Licensed Blockchain Lottery Provider Joins SiGMA to Showcase its Blockchain Gaming Solutions

 

[27th , Nov, 2019, Douglas, Isle of Man] — Quanta Technology, the world’s first licensed blockchain lottery operator is heading to Malta hot after its successful showing at Singapore’s Blockshow Asia. Quanta will be exhibiting at SiGMA 2019 in Malta between 27th-29th November. If you are attending the event and are interested in how blockchain can be utilised in gaming please visit us at BR70. We will also be talking about the role of blockchain in fintech and payments at Tech Giants, Payment Solutions & Emerging Markets on 28th at 11:30-11:50.

 

Quanta is an innovative technology company that utilizes smart contracts to ensure fully automated and transparent blockchain-powered solutions. Quanta has built and operates the world’s first licensed blockchain-based lottery platform with plans to expand the reach of its products and services.

 

Satoshi Okubo, Marketing Manager: “Quanta is looking to establish its blockchain-based lottery and gaming solutions in markets and verticals that can most benefit from the characteristics of blockchain, whilst working seamlessly with traditional technologies. It is the beginning of our journey and we have big ambitions, seeing applications in high volume / low value markets that will leapfrog mature markets in their adoption of new technologies.”

Quanta’s blockchain-based random number generator, RANDAO, was rigorously tested and subsequently certified by NMi (now part of GLI). Quanta continues to expand its blockchain-based lottery solutions and is broadening its reach into other parts of the gaming ecosystem. Quanta is expanding its interest in Africa and plans to add new partners and markets to its established operations in Nigeria.

 

Press release

 


BrankoAugust 13, 2019

4min515

[14 August, 2019, Douglas, Isle of Man] — Quanta Technology, the world’s first licensed blockchain lottery operator, just recently completed Phase 1 of its Proof of Concept testing by exceeding its benchmark. Through tremendous progress, the Quanta Lab Development team were able to enhance the private Ethereum blockchain platform Quanta is on to be able to process 1235 tickets per second or 2045 simple transactions per second. At the same time, the testing also demonstrated that Quanta has been able to achieve low server costs for a high performing private blockchain infrastructure.

This benchmark is a significant milestone for Quanta and in line with the company’s mission to leverage the gaming industry in the blockchain era. Following Quanta’s current activities in Africa, the ability to process 250 tickets per second is enough to operate a blockchain lottery in the Nigerian market. With this in mind, Quanta’s performance power to process 1235 tickets per ticket exhibits its potential to expand into the rest of Africa.

“This accomplishment is the result of our unyielding effort to increase the performance of the Quanta Lottery Private Ethereum Blockchain Network,” said Kostas Farris, CTO and Director of Quanta. “Being able to offer a fast and reliable gaming experience to all our players no matter how many there are has always been a goal that we strive for. Now that we have finally executed it, we are ready for our next triumph”

Following the success of this achievement, Quanta will carry this tremendous performance and momentum forward into Phase 2 of its PoC where it is already in progress.

Quanta currently runs a weekly prize draw, the ‘Quanta Prize Draw’, which is regulated by the Isle of Man Gambling Supervision Commission and has a range of prizes and a potential jackpot. Quanta is also the major shareholder of Naija Lottery which is currently one of the biggest game operators in Nigeria.

 

About Quanta

Quanta Plc is an innovative blockchain-oriented company that utilizes smart contracts in order to ensure fully automated and transparent blockchain-powered solutions. Quanta Plc owns Quanta Technology Limited, operator of the world’s first licensed blockchain-based gaming company on the Ethereum platform. Its products, including gaming platform, random number generator, token-centric payment gateway and game wallet are blockchain-powered and certified to ensure utmost trust and transparency in the gaming industry. The company employs Smart Contracts to offer full automation and integrity to lotteries. With the support of QNTU, utility token, Quanta leverages services to strengthen the customer’s engagement. QNTU is currently trading on six renowned cryptocurrency exchanges including Latoken, Lykke, HitBTC, Bit-Z, and BitoPro.

 


BrankoMay 19, 2019

4min235

[20 May, 2019, Douglas, Isle of Man] — Quanta Technology the world’s first licensed blockchain lottery operator recently laid out the roadmap for its business development and market expansion plans for the coming years. Of special interest are the plans to their Game Aggregator for blockchain games. 

 

Quanta Game Aggregation aims to maximise game offerings for players by combining gaming content of multiple providers from both traditional lottery and blockchain gaming platforms. With the introduction of Quanta Game Aggregator Platform, in addition to the lottery games offered on Quanta’s private blockchain, players’ will have access to games from different blockchain networks.

The first version of the Game Aggregator Platform is scheduled to be published by the end of September, together with a new version of the Quanta Game Wallet for mobiles, that will support gameplay directly from the mobile application. Within this version, at least one game provider with its instant games will be introduced.

“The development of Quanta Game Aggregation is in line with our mission to leverage the gaming industry in the blockchain era,” said Kostas Farris, Acting CEO and Director of Quanta. “As more traditional game providers turn to blockchain for their offerings, Quanta seeks to provide them with an interconnected centralized platform for easy distribution and comes with a large audience. At the same time, new players that do not have access to a local lottery will have the opportunity to choose from a big selection of games on a single trusted and transparent platform as well as dream about what could be.”

Quanta Technology’s vision is to make their in-game token, the Quanta Game Token (“QGT”), the main currency in Quanta’s private blockchain environment and to be the intermediate token that will be used to play hundreds or even thousands of blockchain games. Players may exchange EHT for QGT and vice-versa and Quanta has plans to introduce BTC and FIAT currencies as acceptable payments as well in the near future.

Quanta currently runs a weekly prize draw, the ‘Quanta Prize Draw’, which is regulated by the Isle of Man Gambling Supervision Commission and has a range of prizes and a potential jackpot. In fact one lucky winner in the Isle of Man has very recently scooped the top prize. Look out for news about our latest Jackpot win on Facebook and Telegram.

Quanta is also the major shareholder of Naija Lottery which is currently one of the biggest game operators in Nigeria.

 

About Quanta
Quanta Plc is an innovative blockchain-oriented company that utilizes smart contracts in order to ensure fully automated and transparent blockchain-powered solutions. Quanta Plc owns Quanta Technology Limited, operator of the world’s first licensed blockchain-based gaming company on the Ethereum platform. Its products, including gaming platform, random number generator, token-centric payment gateway and game wallet are blockchain-powered and certified to ensure utmost trust and transparency in the gaming industry. The company employs Smart Contracts to offer full automation and integrity to lotteries. With the support of QNTU, utility token, Quanta leverages services to strengthen the customer’s engagement. QNTU is currently trading on six renowned cryptocurrency exchanges including LATOKEN, Lykke, HitBTC, Bit-Z, and BitoPro.


BrankoMay 17, 2019

3min262

First Blockchain Lottery Operator Expects to Produce Unprecedented Speeds for Blockchain Transactions

[ 17 May, 2019, Douglas, Isle of Man] — Quanta Technology the world’s first licensed blockchain lottery operator, today announced a major R&D project with Matic Plasma, a groundbreaking network for scalable, decentralized blockchains. The project aims to improve efficiency on Quanta’s existing platform, producing unobstructed speeds for blockchain transactions.

 

Whilst Quanta has worked very hard to provide a first-class experience for blockchain lottery players, the collaboration with Matic Plasma will strengthen our services as it addresses industry-related issues of scalability, high network load times, decreasing transaction speed and increasing transaction costs.

“We’re very excited about this project” said Kostas Farris, Acting CEO and Director of Quanta. “Blockchain technology is reforming industries with its decentralization, but the ecosystem is still under-prepared for the increasing demand. Matic Plasma can significantly increase blockchain transactions per second (TPS), and we expect this breakthrough will pave the way for other blockchain-based companies to dramatically increase their TPS going forward,” Kostas explained.

The R&D project with Matic Plasma is a major step forward for Quanta, already well-known for its unique Ethereum Blockchain Gaming Platform and Quanta RNG (RanDAO). It is expected to further enhance product quality and services to Quanta’s players.

 

About Quanta

Quanta Plc is an innovative blockchain-oriented company that utilizes smart contracts in order to ensure fully automated and transparent blockchain-powered solutions. Quanta Plc owns Quanta Technology Limited, operator of the world’s first licensed blockchain-based gaming company on the Ethereum platform. Its products, including gaming platform, random number generator, token-centric payment gateway and game wallet are blockchain-powered and certified to ensure utmost trust and transparency in the gaming industry. The company employs Smart Contracts to offer full automation and integrity to lotteries. With the support of QNTU, utility token, Quanta leverages services to strengthen the customers engagement. QNTU is currently trading on six renowned cryptocurrency exchanges including Latoken, Lykke, HitBTC, Bit-Z, and BitoPro.


BrankoMay 12, 2019

4min388

[13 May, 2019, Douglas, Isle of Man] — Today, Quanta Technology, the world’s first licensed blockchain lottery operator, published its roadmap for its next phase of progress and promises some exciting developments to come. The roadmap illustrates the journey and achievements that the company has accomplished since launch, in addition to some of its business plans for the future.

 

The roadmap will be featured in a brand-new dedicated website for potential business partners which outlines the company’s current products and latest developments with detailed explanations for each.

The foundation of Quanta as well as the groundwork for its success is based on four pillars that it keeps in line with. The first pillar is the outstanding products that it delivers to its players including the lottery games, payment gateway and Quanta RNG. Next is its proof of concept to offer a fast and reliable gaming experience to players no matter how many there are. Third, is its role as a game aggregator to maximise game offerings by combining those of multiple providers from both Traditional Lottery and Blockchain Gaming Platforms. Finally, there is the business development and market expansion plan to extend its reach to other regions, beyond its home of Isle of Man.

“The publication of this roadmap represents another milestone that we have made in our mission to leverage the gaming industry in the blockchain era,” said Kostas Farris, Acting CEO and Director of Quanta. “We are no longer a start-up, but rather an established player that provides applied gaming and business solutions using blockchain technology. We are looking forward to what we have in store in the near future as there are many more planned projects that will elevate our games and products even further.”

Quanta currently runs a weekly prize draw, the ‘Quanta Prize Draw’, which is regulated by the Isle of Man Gambling Supervision Commission and has a range of prizes and a potential weekly jackpot. Quanta is also the major shareholder of Naija Lottery which is currently one of the biggest game operators in Nigeria.
Quanta posts regular updates to Facebook and Telegram.

About Quanta

Quanta Plc is an innovative blockchain-oriented company that utilizes smart contracts in order to ensure fully automated and transparent blockchain-powered solutions. Quanta Plc owns Quanta Technology Limited, operator of the world’s first licensed blockchain-based gaming company on the Ethereum platform. Its products, including gaming platform, random number generator, token-centric payment gateway and game wallet are blockchain-powered and certified to ensure utmost trust and transparency in the gaming industry. The company employs Smart Contracts to offer full automation and integrity to lotteries. With the support of QNTU, utility token, Quanta leverages services to strengthen the customers engagement. QNTU is currently trading on six renowned cryptocurrency exchanges including Latoken, Lykke, HitBTC, Bit-Z, and BitoPro.

 



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