QLC Chain Bi-Weekly Report — #051
QLC Chain invited to lead the “DLT, Supply Chains and Billing” incubation group by MEF organization
We are happy to announce that QLC Chain has been invited to lead the “DLT, Supply Chains and Billing” incubation group within the MEF framework, with the goal of developing a proposal for submission to the LSO committee in the area of defining Supply Chains of multiple Operators based on the use of Distributed Ledger Technology.
QLC Chain will be the first DLT standard of inter operator billing protocols. while other DLTs, including Ethereum and Hyperledger, will be connectable using the QLC Chain cross chain interoperability protocol.
Running DeFi Simulations
Most recently the QLC Chain team has been running a number of simulations on our DeFi platform and comparing them with one of the most popular trading protocols Uniswap with the goal of increasing LP user revenue and reducing buyer slippage.
Expected results
1. Through the redistribution of mining arbitrage space, the slippage loss of Uniswap is reduced, and the rate of return of each participant is improved
2. Reduced buyer slippage
3. Increase in LP user revenue
4. Mining trading user arbitrage space is adjusted through different trading cycles.
Simulation results
For Uniswap under the same trading conditions, compare:
1. Slippage reduction ratio for positive trading users
2. LP user revenue increased significantly
3. Mining trading users’ arbitrage space can adjust their own income according to the time span.
As an example, in one of our simulations, we compared trader and liquidity provider income on our DeFi platform and Uniswap
The simulation results were as follows:
The fee income of LP users is 55218.115909, and the income of arbitrage miner is 254.789378*400 + 73488.106002 = 175403.857202, that is, the income of LP users has increased by 175403.857202/55218.115909 = 317.66%
New members join the QLC Chain team
In August, QLC Chain team had the opportunity to welcome two new members to our family — Dr. Andreas Freund, QLC Chain’s new Architecture advisor who will be working with us on developing QLC chain based multi-cloud management solution for commercial communication automation and our new Computing Architecture Engineer, José Miguel Montañana, our new Computing Architecture Engineer.
https://medium.com/qlc-chain/introducing-qlc-chains-architecture-adviser-andreas-freund-173b3fb4e7f6
https://medium.com/qlc-chain/introducing-qlc-chains-architecture-adviser-andreas-freund-173b3fb4e7f6
QLC Chain expanding to MEF members : Cisco and Centurylink
On August 19, QLC Chain team hosted the meeting about DLT based billing for the Telecommunication Industry which included MEF members Cisco , Centurylink, PCCW global, CMC Networks, CDG and Sparkle network.
The meeting established the basis for defining new MEF specifications on the use of DLT for Supply Chains and Billing in the Telecommunication Industry.
https://medium.com/qlc-chain/qlc-chain-expanding-to-mef-members-cisco-and-centurylink-9dadf9aa4bc8
QLC Chain in the 5 Top Blockchain Startups Impacting The Telecom Sector
We are happy to announce that we have been recognised as one of the Top 5 Blockchain Startups Impacting The Telecom Sector, according to the data science company StartUs Insights
QLC Chain was chosen among 70 other blockchain startups based on a data-driven startup scouting approach, taking into account factors such as location, founding year, and technology among others.
Community growth and impact
The month of August saw significant growth in our community with our Telegram channels welcoming 5000 new members and another 1500 people joining our Twitter following.
Such growth allows us to do bigger and better things, as seen from the recent Swapzone listing poll, which QLC Chain won by receiving 55,3% of the vote, giving us an edge over Crypto.com and Ankr.
PUBLIC CHAIN DEVELOPMENT
Completed
- pre-research solidity smart contract implementation
- pre-research the AMM in QLC Chain
- implement Ethereum smart contract for NEO/Ethereum cross-chain
Ongoing
- implement the QLC Hub for NEO/ethereum cross-chain
- implement Ethereum smart contracts for QuickSwap
Next
- QuickSwap online
- implement Ethereum/QLC Chain smart contracts for QGAS staking
QWALLET DEVELOPMENT
Completed
- DeFi product research
Ongoing
- NEP5 QLC ←> ERC20 QLC mutual conversion function development
Next
- QLC AMM related function development
About QLC Chain
QLC Chain is to resolve the data trust and security problem in the communication industry, it provides network automation of billing/reconciliation/settlement/payment/custody to telecom operators utilising blockchain technology.
QLC Chain offers telecom operators with inter-carrier connection and financial consultancy services as well.
From the ledger structure perspective: QLC Chain supports each account to have its own chain of ledger integrated with telecom service capabilities, named the multi-dimensional block-lattice structured ledger.
From an adoption scenario perspective: QLC Chain’s mission is to create a secure and trusted environment for communication services and to narrow down the digital divide by leveraging Distributed Ledger Technology, enabling everyone to operate and benefit from network services.
QLC Chain solution suite includes:
- A blockchain-based DoD (Data on demand) platform to process inter-carrier settlements in a trustable, auditable and automated manner and enable frictionless on demand commerce and federated network for information and communications service providers
- A blockchain-based A2P SMS settlement platform with its product suite including an A2P SMS settlement solution; Anti-SMS swap solution, and QLC Chain soft-sim identity for IoT devices.
- A blockchain-based DID (Decentralized ID) communication authentication solution which is intended to authenticate, authorize, and access blockchain identities and security properties in network service such as SD-WAN/MPLS/cellular network/5G slicing network.
- A solution that enables enterprises and operators to use crypto wallet and stable coin payment for supply chain.
Learn more about QLC Chain https://qlcchain.org/
