What is QLC Chain: Value Positioning, Technical Architecture, Landing Products and Application Scenarios

1.1 About QLC Chain

QLC Chain is to resolve the data trust and security problem in the communication industry, and aim to build a public chain for Network-as-a-Service (NaaS) platform.

From ledger structure perspective: QLC Chain supports each account to have its own chain of ledger integrated with telecom service capabilities, named the multi-dimensional block-lattice structured ledger.

From an adoption scenario perspective: QLC Chain’s mission is to create a secure and trusted environment for communication services and to narrow down the digital divide by leveraging Distributed Ledger Technology, enabling everyone to operate and benefit from network services.

1.2 QLC Chain business implementation stages

The first stage is the front-end application — mobile topup, supporting the digital currency like QLC and other digital assets as the recharge method.

The second phase is the back-end billing of communication services. Currently, we are cooperating with the largest cloud communication partners in China and a fixed network operator in Hong Kong.

The third stage is to form a network operator crowdfunding platform. The user’s mobile purchases are distributed in real-time after QLC Chain clearing, and real-time dividends are given to early global supporters. Mainly implemented across the chain on QLC/ETH.

The fourth phase is to provide tool development based on this operating platform, supporting the QLC Chain global community, and forming a Defi platform based on communications data and digital asset collateral.

1.3 Two examples of application scenarios:

Scenario 1: QLC chain to help foreigners in China to use WeChat to make payment

Download Qwallet and WeChat through Google play and APP store.

Purchase ETH or Bitcoin through Qwallet’s OTC, or other digital currency supported by Qwallet.

Equity is collateralized in Qwallet and digital stable coins of up to $100 are available in Qwallet. The mortgage period is one month (BTC mortgage rate is 60%). After one month, ETH or BTC will be automatically settled, and ETH or BTC with more than 100 dollars will be returned.

Purchase a short-term mobile phone number in China on Qwallet for one month. Qwallet will provide a mobile phone number and password for logging into WeChat.

In China, you can use this WeChat for various payments.

Scenario 2: QLC Chain supports partners to establish a non-roaming communication network + payment network in the border trade area

Through global crowdfunding, based on the existing network and self-built network in the border trade area, a bilateral SIM card with no roaming charges will be issued based on QLC Chain.

Support QLC SIM card built-in digital wallet, and support users to host and deposit ETH or BTC in QLC sim card wallet.

The corresponding deposit will issue the corresponding voucher on the QLC Chain. The deposit rate for certificate issuance is related to the user’s usage data.

Border trade merchants can receive token as vouchers in the e-commerce payment tool provided by the QLC Chain developer community.

The QLC Chain is responsible for the clearance of all business token usage.

The development of QLC Chain has been mainly driven by technology-based product development over the past two years. From 2020 onwards, we will fully develop our business and promote implementation.

Find more about the Go-QLC dual consensus via