Due to its customizable emission peaks, high saturation chromaticity, and low cost, quantum dot luminescence technology has gained significant attention as the most cutting-edge technology in the optoelectronics sector. Whether the technology of making light emitting diodes from solution treatable quantum dots-(QLED)-can emerge and compete with organic light emitting diode (OLED) displays will become the focus of this paper. Through the property and function of the quantum dots and by looking at some waveforms of quantum dots, the essay describes the specific structure of QLED and the preparation technology of QLED. Furthermore, using these properties and functions, quantum dot technology produces displays with a wider color gamut. And compared with OLED, the paper comes to the conclusion that although QLEDs are slightly inferior in stability to OLEDs, they are superior in color gamut, low cost, and temperature according to the studies of quantum dots and organic light emitting diodes at different temperatures, color rendering indices, and energy band structures.