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.

These Supply Chains are intended to enable both automation of the bilateral commercial interactions between the Operators as well as collective commercial interactions such as Reputation Management. The Incubation Group will consider including in the scope an informative example of how Billing and its sub-lifecycle components can be automated using bilateral commercial interactions based on DLT, and how this can coexist with the usage of APIs from LSO Sonata in other parts of the Service Lifecycle.

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.

The project infrastructure will ultimately automate the networks as a service from edge network to cloud network with assuranced SLA(service level agreement).

The Incubation group will be co-lead by Jose Miguel Montanana Aliaga and Andreas Freund representing QLC Chain alongside Daniel Bar Lev, the VP of Strategic Programs and MEF representative.

So far, QLC Chain has supported the LSO Sonata based Data on demand commercial layer during Q3 2020 and the “bandwidth ordering/reconciliation/settlement/payment among operator networks on QLC Chain” functionality will be included as a part of the incubation project. Meanwhile, the reputation of all partners on this platform will be governed through token staking, with the partners being required to stake tokens in order to utilise the platform. Furthermore, all the commercial data on DLT will potentially be leverageable for digital assets, making this an exciting step forward in our enterprise DeFi adoption plan.

About MEF

MEF is a nonprofit international industry consortium, dedicated to adoption of assured services orchestrated across a global ecosystem of automated networks.

The forum is composed of service providers, incumbent local exchange carriers, network equipment vendors, and other networking companies that share an interest in connectivity services. There are over 200 MEF members currently.

QLC Chain is proud to be a part of the 200 highly respected members of the MEF consortium

MEF is a combination of a technical and a marketing forum to promote the adoption of assured and orchestrated connectivity services.

Learn more about MEF here: https://www.mef.net/

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:

1. 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
2. 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.
3. 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.
4. 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/