Qatari backed QAN blockchain rolls out testnet

Qatari backed QAN blockchain rolls out testnet

QANplatform backed by Qatar’s MBK Holding has rolled out the world’s first quantum-resistant and Ethereum-compatible blockchain testnet, where developers can code smart contracts in any programming language.

As per the blog post, the introduction of this testnet follows the successful implementation of QANplatform’s quantum-resistant technology by a European Union member state. Building on the success of the QAN Private Blockchain or QAN Enterprise Blockchain launched in September 2023, the new QAN TestNet is a precursor to the QAN MainNet Beta and signifies a leap in the Web3 ecosystem’s evolution.

The blog notes, that Qan is the world’s first platform that combines three outstanding features: quantum-resistant security, compatibility with Ethereum’s EVM, and the ability to code smart contracts in any programming language.

Enabled by the QAN Virtual Machine (QVM), the platform welcomes smart contract creation in a diverse array of programming languages compatible with the Linux Kernel. This approach aims to democratize access to Web3 technology, potentially drawing in more than 28 million new developers by moving beyond the traditional blockchain platforms that support only a few programming languages. QAN lowers the entry barriers for non-developers with its no-code smart contract studio, allowing users to generate smart contracts interactively within minutes.

In alignment with the US National Institute of Standards and Technology (NIST)’s primary recommendations, QANplatform incorporates CRYSTALS-Dilithium algorithm into QAN XLINK. The QAN XLINK cross-signer ensures post-quantum transaction security while maintaining Ethereum EVM compatibility, safeguarding QANplatform and its users against the looming threat of quantum computing.

Johann Polecsak, Co-Founder and CTO of QANplatform, expressed, “Crafting a blockchain that addresses both future challenges, such as quantum attacks, and current market issues, like high entry barriers for developers and enterprises, presented a significant and complex undertaking. Our aim to achieve Ethereum compatibility to facilitate seamless integration of pre-existing solutions added to the complexity. The dedication of our team to navigate these challenges affirms a critical advancement.”

Pravica launches S3 testnet for CBDCs and stablecoins on sui blockchain

Pravica launches S3 testnet for CBDCs and stablecoins on sui blockchain

Money Tokenization built on blockchain just got an enormous boost with the launch of UAE and Egyptian based Pravica’s S3 (Stablecoin Studio on Sui) testnet during the CV Summit Africa 2024.

Less than two months after publicizing the launch of S3.Money on the Sui Blockchain, The S3 testnet is now up and running, welcoming developers and financial community to start building tokenized money whether CBDCs (Central Bank Digital Currencies) or stablecoins.

According to Pravica blog post, the S3 platform is set to revolutionize the global payment processing landscape by allowing money to be tokenized in a versatile and user-friendly way swiftly and securely. The premise is financial empowerment with blockchain based money tokenization, because the future of money is all about innovation and accessibility.
Mohamed Abdou Founder and CEO of Pravica, explaining the concept states, “With S3, issuing and managing CBDC or stablecoins are a matter of clicks!”


S3 Money is a solution that caters not only to up and coming stablecoin issuers such as central banks, retail banks, and DeFi (Decentralized Finance) projects, but also to existing stablecoin issuers including the creators of Tether (USDT), Circle (USDC) by offering them the ability to simplify, quickly issue, manage and create different treasury layers for their respective stablecoins.

As per Pravica, gone are the days of building and auditing smart contracts, S3’s innovation solution on Sui, bring stablecoins to life through a streamlined process of stablecoin issuance just by defining the parameters.


S3 also helps to maintain the stablecoin ecosystem through S3’s intuitive management dashboard. The dashboard monitors supply and demand in real-time, tracking transactions easily and allowing for adjustments along the way.


Pravica has introduced a feature in S3, called ‘Relations’, which allows clients to establish a secure, multi-layered hierarchy for sub-wallets within a client’s stablecoin ecosystem. Imagine creating permissioned access structures for different user groups, or designating sub-wallets for specific departments within your organization.
The platform enhances treasury command with built-in proof-of-reserve functionality and seamless integration with on-chain oracles. Integrated KYC/AML features prioritize compliance, strengthening due diligence with qualified identity verification services.
All this has been enabled because S3 leverages the secure and blazing-fast Sui blockchain for unparalleled stability and transaction speed.
The one-stop streamlined experience is unparalleled because of the intuitive capable administration with role-based controls, that allow the effortless configuration and management of tokenized money.


As Abdou explains, “Based on the adoption we are already seeing and our deep experience with international payment systems, we are convinced that stablecoins will revolutionize the global payments industry.”

This comes as Pravica has rebranded, revamped and restructured their offering into a more comprehensive blockchain infrastructure solution provider. Pravica is offering solutions for a trustworthy and transformative digital landscape utilizing secure, efficient, and innovative blockchain solutions.