QLC Chain and Montnets Announce Joint Venture to Provide Decentralized Telecom Services for Enterprises

QLC Chain (previously Qlink https://qlcchain.org/), the next generation public Blockchain for Network-as-a-Service(NaaS), and Montnets Group (002123.SZ), a China listed company and leading cloud communication service provider, today announced the establishment of a new joint venture to provide blockchain-based telecommunication services for hundreds of thousands of enterprise customers.

The joint venture will leverage QLC Chain’s innovative technology and Public Chain for decentralized telecommunication services to transform the Telecom industry. Montnets is the leading cloud communication provider, with over hundreds of thousands enterprise customer and strategic partnerships with leading companies such as Baidu, Tencent, Alibaba, Bank of China, Ping An Insurance Group, China Merchants Bank and more. Montnets also has long term partnership with China’s top three operators, China Mobile, China Telecom and China Unicom. By combining resources from both parties, the joint venture will promote and deploy enterprise-level adoption of blockchain-based telecommunication services.

In the recent years, cloud communication solutions for enterprises has been growing exponentially in the telecom industry. IoT applications are also exploding and require massive enterprise cloud communication adoption. We expect the trend of blockchain supported IoT plus cloud communication market will reach trillions of US Dollars. Montnets is the leading provider in China with the biggest enterprise customer base. In this joint venture, we aim to activate QLC as the utility token for future enterprise network services. Taking this opportunity as the starting point, we will promote the global blockchain adoption in the network industry.

As the leading cloud communication service provider in China, Montnets Group has created an ecosystem to provide cloud communication for enterprises. This includes IM Cloud, Video Cloud, IoT Cloud, and Digital Cloud. IM Cloud solution is their primary business in China with plans of expansion to international markets followed by their Video Cloud platform which is exclusively for 5G and Real-time communication (RTC) platform focusing on internet video compression technology. The IoT Cloud solution is also a crucial part of Montnets’ cloud communications due to its’ efficient operation and management to support over 100,000 connection points.

“The new venture is a step further for QLC Chain to apply the blockchain technology to business usage” says Susan Zhou, Co-founder and COO of QLC Chain, “The Blockchain technology will encounter massive adoption in multiple vertical industries such as telecom which is underpinning the whole digital economy. Montnets is a leader and veteran in cloud communication, and we are very honored to partner with Montnets to build the decentralized telecommunication infrastructure and provide ultimate secure mobile network services.”

The QLC Chain is a public Blockchain that enables individuals, businesses and organizations to leverage their own network resources to instantly become a service provider. The mission is to provide a simpler, secured and transparent network service.

QLC Chain deploys a multidimensional Block Lattice architecture and integrates smart contracts to enable dApps development. The platform utilizes dual consensus: Delegated Proof of Stake (DPoS), and Shannon Consensus. Shannon Consensus is protocol created by the QLC Chain team. Through the use of the dual consensus protocol and multidimensional Block Lattice architecture, QLC Chain can deliver a high number of transactions per second (TPS), massive scalability and an inherently decentralized environment for NaaS related applications (dApp). These attributions guarantee that the public blockchain can meet the demand of high TPS and fair environment in the telecommunication industry.