Quant or Chainlink: Overledger and CCIP Solve the Same Banking Job Differently

The information provided in this article is for informational purposes only and does not constitute financial advice. Cryptocurrency investments carry a high degree of risk. Always conduct your own research.Both projects want to connect banks to blockchains, Quant through an abstraction layer and Chainlink through a transfer standard. The difference decides whom a bank has to trust and whether the token is needed at all.Quant and Chainlink court the same clientele: banks that want to connect their systems to several blockchains without committing to any one of them. The two projects solve that at different levels, however. Quant builds a layer above the networks and takes the decision of which blockchain to address away from the bank. Chainlink builds a standard for transfers between networks and has each one of them confirmed by several independent groups. The distinction sounds technical, but it has practical consequences for the question of whom a bank ultimately has to trust, and for the question of whether a project's token is needed at all. Both points are covered below. None of this is a recommendation to buy, and there is nothing here about price targets. The same job, two ...