What is QLC Chain?
QLC Chain is a distributed mobile network based on Neo’s blockchain platform. The purpose is to provide commonly used telecommunications services such as Wifi sharing, business telecommunications services… using the same technology as smart contracts in the blockchain to help distribute the services better and more reasonably. QLC divides its mobile network into two parts on the blockchain, including infrastructure and services. As for the infrastructure part, it will be hosted on 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 carry out transactions in its network such as Wifi access, mobile data access, SMS E2P package, and content registration on QLC Chain … Using QLC, it is easy to authenticate and register your assets on a ledger, so that it makes all transactions completely transparent. Finally, you can also share your assets online through the use of “smart contracts” to collect rewards and other offers.
Features of QLC chain
Token network resources to achieve deep integration of transmission network, content network and value network
New business – content network attached
Immediate payment and clearance to improve the use of telecommunications infrastructure and prevent fraud
Cost savings – reduce payment fees and automate online payments
Use private deployment and high-level encryption to ensure user privacy
Maintain data integrity on public ledgers
Main services provided by QLC chain
- A global decentralized Wifi sharing network: Users can share their backup or unused Wifi to others, and you will receive a reward with QLC.
- Distributed enterprise telecommunication services (such as SMS / voice/data services) on QLC: Usually, an enterprise providing telecommunications services will have to depend on the network operator and when the network has any problem, the services of the business will also have a certain influence. But when using QLC, businesses will not be exposed to such risks, because QLC telecommunications services are always distributed. When one party has a problem, the other will immediately replace it not to affect the business’s service.
- Building decentralized telecommunications infrastructure: Users can build their own telecommunications infrastructure as mobile base stations by deploying a device designed specifically by QLC to support delivery. LTE-U protocol and POW + 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 distributing content on mobile networks.
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 performed immediately on the blockchain.
QLC will also support fiat currencies, for use between telecom providers and advertisers. This is meant to easily convert service providers into cryptocurrencies. Fiat transactions will handle the traditional way, offline.
The QLC chain development team is led by Allen Lee. Lee is a former Huawei software engineer and owner of many patents. He spent 7 years working at Huawei and 4 years as CEO of Youyou Mobile (a company he founded) before embarking on QLC Chain.
Co-founder and COO is Susan Zhou, who has more than 10 years of experience in the telecommunications and investment industry. The head of investor relations is Roger Lim (co-founder and former CEO of webvisions), Toya Zhang (former senior PR director of OKCoin) is CMO, and Tony Gu (CEO of Rhodium Capital) is the head of the strategy.
The QLC chain is built on the NEO platform and is the second ICO to be announced on the NEO platform. The QLC chain claims to be the first public chain for a decentralized network as a service. The purpose of this project is to expand network coverage, reduce telecommunications infrastructure costs, and reward users of unused network assets.
You can check QLC price here.