After 5 years of research conducted by a team of software and hardware experts, the early version of Quadrans blockchain officially began business operations pioneered by Foodchain S.p.A., a company incorporated in 2016 with the purpose to enable traceability, transparency and authenticity of information along food supply chains through the use of blockchain technology.
In recent years, innovations have driven the need for an advanced digital environment to accommodate the emergence of new technologies and trends, such as decentralised applications (dApps), Smart Contracts and the use of IoT devices.
As integration and interoperability between technologies is becoming a priority, the creators of Quadrans have committed to build an accessible blockchain infrastructure to help new technologies develop and enhance how we live, work and relate to one another.
In order to pursue this objective, Quadrans Foundation was officially formed in August 2018 and acknowledged by the Swiss local authorities to guarantee the continuous, inclusive and ethical advancement of Quadrans technology into our communities. Today the Foundation collaborates with institutions, Government agencies and academic partners around the world to achieve its mission.
Quadrans infrastructure is a public and open source blockchain designed to overcome the scalability challenge and reduce the instability of operational costs that affect existing blockchains.
With significant designing effort, the current Quadrans protocol achieves high throughput in a secure way while maintaining decentralisation. Quadrans consensus mechanism uses three types of service nodes located throughout the network, called Masternodes, Miner nodes and Lightnodes and is designed to reduce energy consumption.
The ability to speedup business practices through Smart Contracts has the specific aim to support the creation of new business models and promote an efficient, reliable and affordable use of the infrastructure.
As an accessible and open source software, the community plays a vital role and the Foundation considers this a very serious matter. To promote a virtuous and sustainable use of the system, participants are rewarded for their internal service to the network according to a secure incentive-distribution structure defined by the Quadrans protocol.
The mission of the Foundation is to conduct the continuous upgrade and promotion of Quadrans technology to enable efficient collaboration and support transparency and traceability of data by providing a reliable tool for communication, governance and business.
From the initial idea to the current times the vision has never changed: we want Quadrans blockchain to become the foundational technology at the core of an accessible, reliable and efficient infrastructure to improve the organisation of our society beyond geographical boundaries.
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