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Ontology Collaborates with NEAR Protocol to Speed up Proliferation of Safe Decentralized ID Options | by The Ontology Staff | OntologyNetwork | Aug, 2020

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The Ontology Team

Announcement reinforces Ontology’s dedication to advancing decentralized id options

Ontology has joined forces with the NEAR Protocol in an effort to expedite the event and deployment of safe decentralized id options.

The purview of the collaboration will see Ontology present technical help for NEAR’s Decentralized Identifier (DID) from a regulatory perspective, and to allow sensible contract implementation and W3C registration.

NEAR is a decentralized software platform that’s safe sufficient to handle high-value property like cash or id and performant sufficient to make them helpful for on a regular basis individuals, placing the ability of the Open Net of their palms. The platform not too long ago introduced the completion of a $21.6 million funding spherical backed by Andreessen Horowitz, Electrical Capital, and others, in addition to the launch of their MainNet.

Erick Pinos, Ontology Americas Ecosystem Lead, stated,

“Teaming up with NEAR broadens our remit significantly with regards to delivering cutting-edge decentralized id protocols. NEAR has shortly emerged as a number one dApp platform, attracting vast curiosity from backers and excessive profile enterprise companions. We share frequent aims by way of broadening the accessibility of enterprise-grade blockchain purposes and decentralized id options and sit up for working collectively.”

With a major concentrate on delivering a quick, user-friendly platform with a novel infrastructure that helps sturdy cross-chain collaboration, Ontology offers companies with the instruments to design their very own blockchain options securely. Powered by the Ontology Token (ONT), the distributed collaboration platform permits companies to get pleasure from the advantages of sensible contracts and tokenization whereas retaining management of their delicate knowledge.

Erik Trautman, CEO of NEAR Basis stated,

“We’re tremendously excited to leverage the technical acumen of the Ontology group, notably in relation to their bespoke ONT ID 2.0, a really sturdy decentralized id answer designed for streamlined cross-chain interoperability. Following our profitable MainNet launch, we’re eager to strengthen our accomplice community, and sit up for extending the ability of Ontology’s options to our rising buyer base.”

The information follows final month’s launch of a brand new model of ONTO, Ontology’s self-sovereign knowledge pockets, designed to provide customers the ability to manage the worth of their knowledge, in addition to a brand new upgraded model of ONT ID.

“At Ontology, we’re firmly dedicated to selling tangible, real-world DID purposes and educating the world on the far-reaching advantages. We sit up for making additional contributions to what’s going to turn out to be a thriving DID ecosystem globally, and proceed showcasing Ontology’s distinctive DID capabilities,” concluded Pinos.

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