Global SMS Billing and Clearanceon Multidimensional Block Lattice

How QLC Chain Helps Montnets Group on 2 Billion Global SMS Billing and Clearance

SMS text messaging continues to grow

In a digital age where applications such as WhatsApp, WeChat, and Facebook Messenger are overwhelmingly used for communications, to some, SMS messaging may be considered obsolete. Despite the growth in applications, SMS remains a primary form of communication as it has a proven efficiency, reaching users with a 90 percent read rate in minutes. With regards to timeliness of delivery, SMS maintains the highest engagement rate when compared to email and over-the-top (OTT) apps.

In term of generational use, the millennial demographic may not send and receive happy birthday and festival wishes via SMS at the same levels of older generations. However, millennials do use SMS messaging for verification codes, promotional codes, and invitation links. A study from Research and Markets says the SMS or Application to Person (A2P) market is expected to grow from US $44.12 billion in 2017, to US $60.55 billion by 2025, at a compound annual growth rate (CAGR) of 4.1% between 2018 and 2025. These figures are expected to be achieved by adoption in banking, travel, transport, retail, and healthcare industries.

Read the Full Article

Development Schedule

Latest Update
December 10, 2018

Developing

  • Wallet password encryption and management
  • Implement wallet and wallet manager
  • Implement DPoS Consensus and to sign Smart Contract by multi-signatures
  • Implement Smart Contract API
  • Implement RPC interface for QLC Chain online wallet

Completed

  • Debug P2P and Ledger
  • Define Wallet interface
  • Define Smart Contract API
  • Refine Configuration path
  • Refine Ledger module implementation and test case
  • Business interface implementation and testing
  • Node data synchronization implemented
  • Message, event registration interface implemented
  • VM complex structure read and write interface completion
  • VM generic API interface completion (in progress, target to complete by Nov 23)
  • Ledger persistence interface implementation
  • Ledger persistence performance test, achieved read and write 0.1ms-1ms/Record. Estimated 2 billion SMS transactions will generate approximately 1.8TB data
  • P2P TCP connection pool management, and LAN discovery function implementation
  • Virtual Machine linear memory management

2.3 billion people are using mobile networks today, yet major problems remain unsolved.

Problems
Facing Users

Oversupply of Network Capability

Millions of people have been provided abundant network resources. Over 300 million Wi-Fi hotspots are available worldwide with the growing popularization of unlimited data packages.

Undersupply of Network Access

Yet more than half of the world’s population is still not connected, Google Project Loon and Facebook Drones are traveling at the edge of space to extend Internet connectivity to remote areas.

Centralized Operations = Security Compromise

Today‘s centralized architectures consolidate computing power, bandwidth and transaction processes into a handful of centralized nodes. If these nodes get exposed to malicious attacks, they become the most vulnerable points of potential failure.

The problem
for Network Carriers

Just a Dumb Pipe

Carriers have been left collecting relatively small service fees while Google and Amazon have built lucrative online empires. A huge question mark remains over whether the current network can handle all the data growth and complex billing required for the imminent IOT and AI era or whether the current network can identify and secure the content being distributed.

Rising competition and operating margin pressure

Aggressive challengers and alternative carriers have entered the market and are slashing prices. With stalling growth and cost-cutting measures reaching their limit, genuine innovation and lower operating costs are urgently needed.

We believe decentralization is the solution for the issues above and the path to a sustainable future network. QLC Chain is the public Blockchain to enable decentralized Network-as-a-Service. Our mission is to bring people online through a simpler, pleasant and more secure way with full transparency.

How to become a micro network operator on QLC Chain?

QLC Hardware


Any network device can be registered on QLC Chain, compatible with Shannon Consensus as full nodes on QLC Chain. Additionally, QLC BaseStation can support wireless mesh networks such as WiFi or 4G/5G network.



QLC Chain


QLC Chain is a ledger dedicated to transactions of network services and smart contracts execution. Meanwhile, network resources can be registered on QLC Chain.



Shannon Consensus


Improved POW and POS, QLC team introduced Shannon Consensus to achieve inherent decentralization.



dApp Ecosystem


Developers will be able to create unique applications on top of the QLC Chain via open APIs and provided SDKs.



QLC Token (QLC)


Value transfer token within the ecosystem. All purchases of network services are made with QLC.



Roadmap

2019 Roadmap to be released…

Team and Advisors

Foundation Representatives

Tony Gu
Head of Strategy
Roger Lim
Head of Investor Relations

R&D and Operation

Allen Lee
Chief Architect
Susan Zhou
Co-Founder & COO
Toya Zhang
Marketing & PR Director
Dido Ma
PR and Marketing
Jasmine Ling
Product Manager
Davor Zarda
Community Manager
Alen Breznik
Chief Designer

Partners

Industrial Partners