Diving Deeper into the NEO and Qlink Partnership and Introducing Eidoo Cryptocurrency Application
In Today’s Episode of Crypto and Beer, Tyler of www.chicocrypto.com dives deep into the recent partnership announcment between NEO Smart Economy and Qlink Decentralize Mobile Network. The partnership, IMHO, is the most important and fascinating announced to be released on the NEO blockchain. A decentralized mobile network, is the next step in breaking up the corporations that have held the middle and lower classes in shackles for far too long. Verizon, T-Mobile, AT&T.
Qlink is a distributed billing platform base on blockchain for users using mobile digital content and IoT data device.it is created by the original Youyou Mobile core technology team and blockchain experts for
Strive to enable mobile phone users to watch and share digital content at a very minimum cost.
Strive to enable overseas travelers to enjoy much lower data roaming cost.
Strive to enable each mobile phone to become a self -managing data billing node for users and IoT device.
Users want to use their mobile phones to subscribe and share digital contents without data consumption burden and the current conventional data billing system telecom carriers use could not satisfy this need. Another reason is that user’s roaming cost overseas when travel is significantly high and Qlink can help lower the cost. Finally, it is a great challenge to the carriers to manage the tremendous digital-identity based data billing information that IoT companies demand for.
- Help Users Save Money
Qlink can help users save money on data consumption and also receive credit lines. These credit lines will allow users to use 4G data and consume digital data first, and pay for it later.
- Help Distribute Content Quickly
Digital content operators may create customized data package in Qlink. Users may consume contents first and pay later. In this mechanism, Qlink helps content operators distribute their content faster than ever.
- Smart contract for data billing enables users to get credits for their data usage
Users can package various historical personal billings, such as digital content consumption, hotel points, IoT device management ect. and provide these trustworthy data to third party in return to receive small loan credits. Compared to the current data management method, users have more control in self historical data and can self determine whether to provide such data.
- New Revenue Channels other than Data
Apart from mobile data billing, carriers can invoice customers in another way such as billing for digital content or other services. Instead of being a data channel, carriers can participate into the content distribution and generate more revenue in the future. Qlink mechanism has synchronized the transfer of data with its value together. Qlink has enabled the crowdsourcing mechanism. Thus, instead of investing tremendously in maintenance, the decentralized nodes in Blockchain will support Qlink network and help manage billions of data packages.
- Qlink helps establish a new data clearing platform among carriers
Qlink’s decentralized billing mechanism helps carriers decrease their operating cost. One example is that Qlink’s decentralized nodes network can perform efficiently and substitute carriers’ traditional data clearing and billing centers, which is bulky and costly.
In fact, in the current carrier partnership system, there are hundreds of mobile top-up agents working with carriers. For example, the mobile top-up feature on both WeChat and Alipay are operated by these recharging agents, which act as data distribution agent for carriers. Qlink collaborates with carriers in the same way. So Qlink can be deployed on the operator’s existing system architecture and does not require any system change. Thus ensuring successful deployment.
Meanwhile, thanks to our experience in the telecom industry and the endorsement of investors, emerging Mobile Virtual Network Operators in Southeast Asia and Europe, from over 2,000 MVNOs across the world, will join Qlink and use Qlink as their new generation of billing platform.
Qlink is developed by the original Youyou Mobile core technology team. For years, Youyou Mobile has served over 6 million travel customers and partnered with 40+ telecom carriers globally. Youyou Mobile also receives series of investments from Pre-Angel Capital, Kuang-Chi Group, Green Pine Capital Partner, Co-founder of Alibaba and Changi Airport Group respectively. As a result, Youyou Mobile establishes a solid foundation for Qlink to kick start smoothly and swiftly.
The Eidoo project is the first open, inclusive, global effort dedicated to the creation of an effective “blockchain-to-human interface”, simplifying the interaction between users and blockchain-based assets, without sacrificing the main advantages that this technology can bring. Its output will be a set of products and services providing a new intuitive, easy, consistent, and safe user experience, focused around a simple an secure way to store, buy, sell, transfer, and exchange blockchain-based digital assets, including all the major “cryptocurrencies but without relying on a central authority.
The Wallet will be the core of the project. It will be a multi-asset wallet and it will be conceived for the mobile world. A single integrated environment that will be used to control all tokens, without the need for elaborate configurations, but still leveraging safety standards and practices.
Innovative services to exchange cryptocurrencies and tokens will be directly embedded in the platform. The integrated exchange system will never require assets to be transferred to any centralized third party. The user will always be in full control of his funds and the trades occur directly between users through automated processes.
Eidoo will also offer digital identity solutions. There are a series of situations where it will be extremely useful to associate addresses to particular digital identities. For example, to pay taxes or get tokens with specific uses within public administration, addresses could be linked to identities recognized by the government. Addresses that might need to have a certain level of certified status, for example, a shop, could prove their identity through a mechanism of web trust.