Ontology's trust network solution is built to meet the immense needs of China's ever-expanding blockchain market and beyond; compatible with any chain, device, industry, or system.
Ontology is not so much a blockchain or dApp, but a matrix of blockchains; an ecosystem where a number of private or public blockchains can be connected, no matter how large or small the use case in question.
Where most blockchain projects typically zero in on a niche with laser-like precision, Ontology finds its burgeoning value in diversification; enabling businesses, individuals and institutions to create their bespoke trust networks complete with identity verification, data exchanges, procedure management protocols and more.
In the light of this heart-wrenching privacy breach, Ontology would perhaps see itself as a knight in shining armor, allowing organizations as substantial as Facebook to tap into the Ontology Network to establish trust.
Nefarious data breaches aside, Ontology tackles the chasmic fragmentation of our communities' trust mechanisms.
Offering an arsenal of tools sizeable enough to outfit the Spanish Inquisition, Ontology gives users of all types the ability to build a decentralized trust system that fits their organization's specific needs.
Ontology's equivalent of NEO's GAS, ONG is the utility token of the network - useful for core essentials such as transaction, triggering and deploying smart contracts, network storage, and more.
This is critical to lowering the barriers to entry for users of Ontology; enabling developers to participate without any prior knowledge of distributed systems.
To proliferate the advancement of the blockchain, the team recently dropped the open-source bombshell, reporting the induction of Ontology's first projects onto Github - presumably anticipating a snowball effect amongst the Ontology developer's community.
In providing businesses of all description the ability to develop their own tailored blockchain-based trust networks, Ontology Network has near-limitless utility for industries of all description.
A Distributed Trust Collaboration Platform
Published on Apr 14, 2018
by Cryptoslate | Published on Coinage
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