Ontology Crypto Review – a network of blockchains

Ontology is really a network of blockchains, rather than one single blockchain, and it’s made to help migrate proprietary enterprise platforms on a distributed ledger model without undermining them. Ontology was created by the exact same team responsible for NEO but is present as a separate entity.

Inspired by the Chinese developer Onchain, Ontology is a system platform for companies to integrate blockchain technology in their businesses. Made to be adaptable in a selection of sectors, the platform has focused on supplying verification and authentication in areas like ownership and individuality.

ONT tokens, that started investing in early March, were odd in that they were not subject to a people ICO. Rather, 20m ONT tokens were airdropped into the NEO community. Much like NEO, ONT token holders accumulate their particular version of Gas, ONG. Although separate entities, ” the CEO of all Onchain, Da Hongfei, can also be one of the creators of NEO.

RISK WARNING: YOUR CAPITAL MIGHT BE AT RISK

Thus far, blockchain tech was limited mainly to private users. Since it is so brand new and most developers do not specialize in it, men and women in the business world mostly have not looked at what blockchains can do for their businesses. However, the reality is that they’re missing out. There are plenty of programs blockchains can be used for that are even better than existing solutions.

That’s what Ontology is trying to fix. They want to make it so businesses can more readily make use of blockchains — they do not need to have individuals on staff that are specialists inside. It combines distinct characteristics that have collaborative databases, distributed identity confirmation, and so much more, in a means that’s easy to use and apply, without exposing your business to security flaws or risks.

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