Combining blockchain with telecommunication infrastructure, Qlink is aiming to create a decentralized mobile network, including security and inflexible plans to solve current issues. Qlink will enable the P2P sharing of digital assets such as Wi-Fi hotspots, data and SMS packages, creating a flexible ecosystem where the telecom industry players can operate, driven by users and new business models. It will also open up the market for content distributors to reach consumers in ways that were previously not possible.
The Qlink platform adopts a dual blockchain architecture. Digital assets will be registered to the NEO blockchain, whilst content and billing information will be registered to the Qlink chain, which is a dedicated chain for the telecom industry being co-developed by Qlink and Onchain. The chains will communicate through a cross chain protocol.
Allen Li, founder of Qlink, explained: “The fusion of blockchain technology and mobile networking will allow Qlink to release great potential for the society from telecom services. Telecom is not a stand-alone industry but the communication infrastructure for every vertical industry and for every aspect of our life. By decentralizing telecom, we believe the communication efficiency will grow exponentially. “
Users will be able to register digital assets such as Wi-Fi hotspots and SMS packages to the blockchain, create their own billing terms through the Qlink app, and then sell access to other users or enterprise customers through smart contracts. Content owners can also register content to the Qlink chain and bundle it with mobile data to allow streaming companies like Netflix or Hulu to add data sponsorship to their subscription packages, meaning users could access content without requiring mobile data consumption. This would also allow advertisers to incentivise viewing of sponsored content by distributing QLC tokens in exchange for user attention.
Qlink is also launching the Qlink BaseStation, which is a vehicle-mounted hardware device that will allow every user to contribute to 4G network coverage while using connected car services.
A crowd sale will be running on the NEO platform, with KYC and pre-sale currently open. Qlink are accepting both ETH and NEO during the pre-sale phase with a 10% bonus. 240,000,000 QLC tokens will be available during the token sale, with a hard cap of USD$15,000,000.