Hong Kong-based Qlink has rebranded itself as QLC Chain, which also just happens to be the name of its newly unveiled next-generation public blockchain for decentralized Network-as-a-Service (NaaS).
The company says its ‘QLC Chain’ is an open blockchain-enabled network that enables individuals, businesses and organizations to leverage their own network resources to instantly become a service provider. The goal is to provide network services through a simpler and more secured way with full transparency.
According to QLC Chain, the world is awash with underutilized networks and idle capacity, yet 52% of world’s population is still disconnected from the internet. By decentralizing network operation, network devices can be registered and the network service can be provided securely and transparently in a peer-to-peer model.
At the same time, QLC Chain offers an alternative to the traditional centralized operation model by providing decentralized name resolution, firewall, search and billing to the end users and operators, says Susan Zhou, co-founder and COO of QLC Chain.
“QLC Chain improves network services by tackling underutilization, increasing accessibility, boosting network security and enabling content awareness,” says Zhou. “Our vision at QLC Chain is to build a next generation public blockchain that empowers everyone to operate and participate in this distributed network in a simple, secure and transparent manner. QLC Chain can virtualize the network participating devices and assign roles to different nodes based on the demand of network. We aim to complement and shift the industry structure from the current incumbent-dominant model to a crowdsourcing model.”
“QLC Chain will significantly lower the bar for anyone or any organization looking to leverage their own network capability to provide on-demand services to our users,” comments Allen Li, Chief Architect, QLC Chain. “Various types of network devices can become the full nodes to provide access, transmission, storage and security to collectively contribute to a distributed network.”
QLC Chain has already developed its first decentralized app (dApp): WinQ, a decentralized VPN market place and Wi-Fi sharing app that enables users to provide VPN and Wi-Fi services by sharing their idle network capacity to WinQ users. This could pave the way for individuals and businesses to rapidly build and deliver services on the decentralized network.
QLC Chain deploys a multidimensional block lattice architecture and applies a virtual machine to manage and support integrated smart contracts. Additionally, QLC Chain utilizes dual consensus: Delegated Proof of Stake (DPoS), and Shannon Consensus, the latter being an in-house algorithm developed by QLC Chain. Through the use of this dual consensus protocol and multidimensional block lattice architecture, QLC Chain is able to deliver a high number of transactions per second, massive scalability and an inherently decentralized environment for NaaS-related dApps.