QLC Chain (QLC) is a distributed mobile network based on Neo’s blockchain platform. The aim is to provide commonly used telecommunications services such as Wifi sharing, enterprise telecommunications services, etc. using technology similar to smart contracts in blockchain to help better service delivery and more rational. QLC splits its mobile network into two parts on the blockchain, including infrastructure and services. As for the infrastructure, it will be hosted on the Neo blockchain. As for the service, including payment data and content tracking records, will be stored on QLC Chain.

QLC token is a virtual currency used in QLC Chain to help perform transactions in its network such as Wifi access, mobile data access, E2P SMS package, content subscription on QLC Chain… Using QLC, you can easily authenticate and register your assets on a single ledger, to make all transactions completely transparent. Finally, you can also share assets online through the use of “smart contracts” for rewards and other incentives.

The characteristics of the QLC . chain

Value Network

The token network resource achieves the in-depth integration of the transmission network, content network, and value network.

New business model – attached content network.

Validity

Pay and transfer checks instantly to improve telecom infrastructure utilization and prevent fraud.

Cost savings – reduce payment fees and automate online payments.

Security

Use private and premium implementation encryption to ensure user privacy.

Maintain the integrity of data on the public ledger.

Main services provided by QLC chain

• Global Decentralized Wifi Sharing Network: Users can share their spare or unused Wifi to others and you will get rewarded in QLC.
• Distributed enterprise telecommunications services (such as SMS/voice/data services) on QLC: Normally, a business providing telecommunications services will have to depend on the carrier, and when the carrier has a problem, the service provider will have to depend on the carrier. corporate services will also have an impact. But when using QLC, businesses will not have to bear those risks, because QLC telecommunications services are always delivered. When one party has a problem, the other party will replace it immediately so as not to affect the service of the business.
• Building Decentralized Telecom Infrastructure: Users can build their own telecommunications infrastructure as mobile base stations by deploying a device specifically designed by QLC to support distribution. LTE-U protocol, POW and POS consensus mining algorithm.
• Decentralized payment system: To reload mobile data plans and sell excess data to anyone who wants to buy. Especially useful for content delivery on mobile networks.

Token QLC

The QLC token is a NEP-5 standard token based on NEO. It will be the payment method for market transactions. Transactions using QLC will be executed instantly on the blockchain.

QLC will also support fiat currency, for use between telecom providers and advertisers. This is meant to easily convert service providers into cryptocurrency. Fiat transactions will be processed off-line in the traditional way.

Development team

The QLC chain development team is led by Allen Lee. Lee is a former Huawei software engineer and the owner of many patents. He had 7 years working at Huawei and 4 years as CEO of Youyou Mobile (a company founded by Lee) before embarking on QLC Chain.

Susan Zhou is a co-founder and COO, with over 10 years of experience in telecommunications and investment. Roger Lim is head of investor relations (co-founder and former CEO of webvisions), Toya Zhang (former senior PR manager of OKCoin) is CMO, and Tony Gu (CEO of Rhodium Capital) plays. strategic leadership role.

Conclude

The QLC Chain is built on the NEO platform and is the second ICO announced on the NEO platform. The QLC Chain claims to be the first public chain for a decentralized network as a service. The aim of this project is to expand coverage, reduce telecommunications infrastructure costs, and reward users for unused network assets.

You can see QLC prices here.

According to AZCoin News

Follow the Twitter page | Subscribe to Telegram channel | Follow the Facebook page