Ontology is a “next-generation” business and enterprise oriented blockchain network that aims to become a trust-based ecosystem. In this ecosystem, users will utilize the decentralized Ontology platform to interact with each other, without the need of an intermediary.
Building on the basic principle of blockchain technology, Ontology takes it a step further by creating an integrated protocol system. Their main focus is on trust, identity and date exchange authorization between different parties in an enterprise relationship.
Through this system, users can easily find a protocol that helps with the transaction or interaction they want to conduct through the Ontology platform. This can be identify verification, data exchange, data collaboration, community building, plus many more user and industry specific applications.
Ontology has successfully launched their mainnet.
The Ontology network is run by a large team and is directed by Onchain, a technology company specialized in blockchain research and development. Onchain’s community decided to create the Ontology platform to further the applications and real-world implementation of blockchain technology.