The ‘Ontology Network’ is a relatively new project that spun out of the same minds that successfully created NEO’s Smart Economy platform and one of China’s leading private blockchain technology companies, ‘Onchain’.
It is definitely one of the more exciting and most ambitious projects out there in the blockchain space. While the popularity and the number of applications for distributed ledgers have exploded in recent times, Ontology addresses one of the most important unsolved issues in the crypto world. Trust!
In order to connect and digitize ‘Old World’ governments and economies, it is of the utmost importance that the multi-layered trust issues get solved. While Bitcoin has given us money and a digital store of value we can trust through its finite supply and decentralized blockchain, it will not create an entire smart economy or allow governments or other parties to trust each other with their data.
The team behind Ontology understands that a trust framework is needed to cater to the requirements of different countries, industries, and thus allowing a variety of regulatory environments and businesses to evolve in such a way that all parties can feel comfortable in interconnecting their data chains.
It is definitely one of the more exciting and most ambitious projects out there in the blockchain space. While the popularity and the number of applications for distributed ledgers have exploded in recent times, Ontology addresses one of the most important unsolved issues in the crypto world. Trust!
In order to connect and digitize ‘Old World’ governments and economies, it is of the utmost importance that the multi-layered trust issues get solved. While Bitcoin has given us money and a digital store of value we can trust through its finite supply and decentralized blockchain, it will not create an entire smart economy or allow governments or other parties to trust each other with their data.
The team behind Ontology understands that a trust framework is needed to cater to the requirements of different countries, industries, and thus allowing a variety of regulatory environments and businesses to evolve in such a way that all parties can feel comfortable in interconnecting their data chains.
For more information visit website through #OntologyNEOCoin.
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