Doha, Qatar, December 5, 2023 /PRNewswire/ -- QANplatform, the quantum-resistant Layer 1 blockchain, has signed a $15 Million investment contract with MBK Holding in advance of its highly anticipated launch of its testnet, which will begin in the near future.
In addition to its main office in Qatar, MBK Holding also has a subsidiary in the United Kingdom. The company specializes in investing in startups in the technology industry. A member of the Qatari ruling family, Sheikh Mansoor Bin Khalifa Al-Thani, is the founder and chairman of the company. Sheikh Mansoor Bin Khalifa Al-Thani was previously the Director of Information Technology for The Council of Qatar Ruling Family Affairs for over ten years.
The announcement was held at the Qatar Science & Technology Park (QSTP) - Qatar's premier hub for applied research, technology innovation, incubation, and entrepreneurship - by H.E. The participants included Sheikh Mansoor Bin Khalifa Al-Thani, the Chairman and Founder of MBK Holding, Jevgenia Kim, CEO of QANplatform, and Johann Polecsak, Co-Founder and CTO of QANplatform.
Apart from the $15 million technology-focused investment commitment, MBK Holding is also offering growth services to facilitate QANplatform's access to global markets and expansion globally. As part of the corporate strategy, MBK Holding focuses on various regional markets, including Qatar, Saudi Arabia, the United Arab Emirates, Turkey, and the United Kingdom as well as other global markets.. There has been a recent strategic partnership between MBK Holding and the Ministry of Investment in Saudi Arabia aimed at supporting the growth of entrepreneurship and innovation in Saudi Arabia by developing growth services that are designed to create market-leading investment opportunities
There has been a recent strategic partnership between MBK Holding and the Ministry of Investment in Saudi Arabia aimed at supporting the growth of entrepreneurship and innovation in Saudi Arabia by developing growth services that are designed to create market-leading investment opportunities
A Layer 1 blockchain platform, such as Ethereum or QANplatform, is the basic infrastructure that all blockchain projects and applications are built upon. The operating system of a computer can be compared to the operating system of a computer. There is no limit to the amount of solutions that can be built based on this fundamental base layer. Using the QAN platform, developers will be able to develop smart contracts, DApps, DeFi, DAOs, tokens, NFTs, Metaverses, CBDC, tokenized assets, and robust Web3 solutions on top of the QAN blockchain platform using any programming language as it is compatible with EVMs and quantum-resistant Layer 1 hybrid blockchains.
Using the QAN platform, developers will be able to develop smart contracts, DApps, DeFi, DAOs, tokens, NFTs, Metaverses, CBDC, tokenized assets, and robust Web3 solutions on top of the QAN blockchain platform using any programming language as it is compatible with EVMs and quantum-resistant Layer 1 hybrid blockchains.
As a hybrid blockchain, QANplatform will have both a private and a public blockchain. In September of 2023, QANplatform will launch the QAN Private Blockchain, kicking off a new era of Web3 OS (Operating System). It has been revealed that QANplatform has created the world's first private blockchain that is both quantum-resistant (using the NIST's primary recommended post-quantum algorithm), compatible with Ethereum's EVM, and allows developers to create smart contracts in any language they choose.
A unique feature of QANplatform is the ability to support smart contracts in any programming language, which is in addition to rapid cloud deployment and quantum-resistant security.. By using the QAN Virtual Machine (QVM), developers can write smart contracts in any programming language that is compatible with the Linux kernel (such as JavaScript, Java, Python, TypeScript, C, C++, C#, and so on).. As a result of this development, the entire blockchain ecosystem has experienced a breakthrough, since most blockchain platforms are only compatible with Ethereum's smart contract language, Solidity.. Only 200,000 out of a total of over 26 million software developers in the world know how to code in Solidity. There are over 26 million software developers who will be able to enter the Web3 space thanks to QANplatform's invention of multi-language smart contracts
There are over 26 million software developers who will be able to enter the Web3 space thanks to QANplatform's invention of multi-language smart contracts
With the help of renowned companies like Hacken, Beosin, or Alpine Esports, QANplatform is building a strong ecosystem. In February 2023, Alpine Esports, a Group Renault brand, and inter alia in the Formula 1® Esports Series, signed QANplatform as its Official Blockchain Partner. In September 2023, QANplatform was selected as one of the nine selected promising startups for the Ernst & Young Startup Program, selected from among hundreds of applicants across the globe, and among nine of the program.
According to Sheikh Mansoor Bin Khalifa Al-Thani, Founder and Chairman of MBK Holding, "MBK Holding is proud to support QANplatform, the groundbreaking quantum-resistant blockchain platform, and nominates Johann Polecsak as Director of Blockchain of MBK Holding". I believe that in general, blockchain technology is still an untapped field with many opportunities and potential to transform entire value chains, sectors, and business processes as a result of its transformational potential. It is the hope of QANplatform that with its remarkable features, such as multi-language smart contracts and quantum-resistant security, it will be able to lead the next wave of blockchain platforms. The QANplatform is an excellent fit for the companies in our portfolio and for our partners to discover and take advantage of the potential it has to offer
The QANplatform is an excellent fit for the companies in our portfolio and for our partners to discover and take advantage of the potential it has to offer
In his words, Johann Polecsak, Co-Founder and CTO of QANplatform, said, "It is truly an honor to work with MBK Holding and their team." In order to create the safest, most user-friendly blockchain platform that can allow the development of numerous real-world robust applications that bring tangible value to various industries, QANplatform is motivated by the vision of creating the safest and most user-friendly blockchain platform."
MBK Holding's strategic partnership with QANplatform opens up new horizons for QANplatform and elevates its potential to unprecedented heights, according to Jevgenia Kim, CEO of QANplatform. As a result of the support and opportunities provided by MBK Holding, we are eager to explore new use cases and expand into targeted regional markets."
The history of MBK Holding can be summarized as follows:Founded by H.D.. As a member of the Qatari ruling family, Sheikh Mansoor Bin Khalifa Al-Thani chairs MBK Holding, an investment holding company with its main office in Qatar and a subsidiary in the United Kingdom, which invests in technology startups around the world.. In addition to investing, MBK Holding also provides growth services in order to facilitate global market access and expansion.. There are several regional markets that are the focus of MBK Holdings, including Qatar, Saudi Arabia, the United Arab Emirates, Turkey, and the United Kingdom, as well as encompassing other global opportunities as well.
There are several regional markets that are the focus of MBK Holdings, including Qatar, Saudi Arabia, the United Arab Emirates, Turkey, and the United Kingdom, as well as encompassing other global opportunities as well.
The website address is: https://mbkholding.org/
QANplatform is a quantum-resistant Layer 1 hybrid blockchain platform which will allow developers, enterprises, and governments to build quantum-resistant smart contracts and Web3 applications on top of the QAN blockchain platform in any programming language they choose.. In February 2023, Alpine Esports, a brand of Group Renault and a player in the Formula 1® Esports Series, signed a contract with QANplatform to serve as the official blockchain partner of Alpine Esports. As part of the EY (Ernst & Young) Global Startup Academy 2023 program, QANplatform has been selected
As part of the EY (Ernst & Young) Global Startup Academy 2023 program, QANplatform has been selected
Visit our website at https://qanplatform.com Follow us on Twitter at https://twitter.com/QANplatformContact us at [email protected] (Jevgenia Kim)
QANplatform is a source of information
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