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Startup aims to build an open-source telecom ecosystem on the blockchain

More than 2,000 mobile network operations are in charge of providing communication services on a global scale. However, the traditional infrastructure is centralized, inflexible and inaccurate. Common services such as 3G / 4G mobile communication solutions, Wi-Fi, BOSS and businesses that use cloud-based communication solutions are often unable to provide accurate billing and content distribution.

that they pose problems of data transmission. An Alternative Solution to the Average of Mobile Network Providers Could be Blockchain Technology

Decentralized Telecommunications Ecosystem

Unlike a centralized and controlled telecom system, a decentralized approach could offer greater privacy to an end user. perspective. At the same time, it could offer more affordable and flexible packages tailored specifically to the needs of the customer.

Standard telephone companies are known for their inability to handle network breaches and security breaches. Users fear that their privacy will be violated at any time by savvy hackers hungry for their personal browsing history, or for sensitive information such as social security number and private passwords.

] With Blockchain technology, the telecommunications industry could evolve into custom data plans that would deploy smart contracts, thus securing end-user information. There are some bullet-resistant features of the Blockchain to back up these claims, such as consensus algorithms, asymmetric encryption, and a distributed ledger. By using a secure digital identity, telecommunications users can leverage digital resources to protect their personal data.

With a decentralized Wi-Fi sharing network, advertisers and content producers could make their content accessible to fans without having to pay for additional data transfer costs. Qlink, a Singapore-based project, is looking to build the world's first mobile network powered by Blockchain technology.

Qlink's co-founder and COO, Susan Zhou, points out:

"Qlink believes that the development of Blockchain industry as a whole will experience a long period of development Exploratory and then seek fusion and integration.Public channel services for different purposes will communicate through agreements and protocols, similar to the TCP / IP in the Internet industry today. The telecom chain, as a basic chain that supports all communication services, will be one of the pillars of the ecosystem, which means that Qlink has the most potential to integrate Blockchain-based telecommunication in the near future. "

Bridge between Blockchain, Telecom

By building a decentralized mobile network, Qlink aims to create a P2P Wi-Fi network for assets digital as the s SMS packets, Wi-Fi hotspots and data. The end goal of the company is to enable faster distribution of content, develop new revenue channels and establish a new platform for clearing data among leading operators. business models to disrupt and impact the traditional telecommunication system. The digital assets are registered on the Qlink NEO blockchain, while the billing and content information will appear on the Qlink chain. The double Blockchain architecture will streamline communication through the cross-chain protocol.

To create a truly decentralized mobile network, Qlink will also launch its own vehicle-mounted hardware, Qlink BaseStation. The goal will be to allow the end user to contribute to the decentralized coverage of the 4G network. The crowdsale of the company runs on Blockchain NEO.

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