What is QLC Chain?
Qlink aims to build the world’s first decentralized mobile network, which will extend network coverage, reduce the cost of telecom infrastructures, and reward users for sharing unused network assets.
This white paper explains the technical architecture of the decentralized mobile network. By utilizing blockchain technology, Qlink applies digital identities to telecom assets, repackages those assets, and records the usage footprint of each asset to a distributed ledger. Additionally, Qlink aims to launch applications designed to allow peer-to-peer sharing of assets, including Wi-Fi, mobile data access, and enterprise-to-peer SMS.
While improving the efficiency of existing networks, Qlink plans to launch its custom base stations, including a model suitable for vehicle installation. By utilizing the idle resources of network equipment, these base stations will allow users to become a part of the cryptoeconomy, and at the same time create a decentralized solution to cover network black spots.
Qlink has assembled a team of seasoned telecom and blockchain developers, along with experienced business and marketing professionals. Allen Li, founder of Qlink, previously founded Youyou Mobile (invested by Alibaba Capital), which is a leading mobile data distributor in China and Southeast Asia, and has partnered with 40 telecom operators around the world to provide mobile data services to 6 million customers. Qlink’s R&D team has spent last four years working for Youyou Mobile, and developed the company’s first virtual SIM card bank.
The Qlink ecosystem is supported by the Qlink token (QLC). QLC is the utility token used to settle every transaction on the Qlink network, functioning as a cryptocurrency to measure the value of assets and content.