Ontology (ONT) - A New Public Multi-Chain Project & A Distributed Trust Collaboration Platform




  • What is Ontology?

    Ontology is a new high-performance public blockchain project & a distributed trust collaboration platform.

    Ontology provides new high-performance public blockchains that include a series of complete distributed ledgers and smart contract systems.

    Ontology blockchain framework supports public blockchain systems and is able to customize different public blockchains for different applications. Ontology supports collaboration amongst chain networks with its various protocol groups.

    Ontology will constantly provide common modules on the underlying infrastructure for different kinds of distributed scenarios, such as those for the distributed digital identity framework, distributed data exchange protocol, and so on. Based on specific scenario requirements, Ontology will continue to develop new common modules.

    Ontology is an integrated multi-chain and multi-system framework composed of different industries and
    regions that pass through Ontology's protocols to allow mapping between different chains and
    traditional information systems. For this reason, Ontology is also referred to as “Ontology Chain Group”
    or “Ontology Chain Network”, that is, a connector between blockchains.

    At Ontology’s core is a complete distributed ledger system, including the Core Ledger, smart contract
    system, and security system. The distributed ledger is an important underlying storage infrastructure of
    Ontology; the decentralized, mutually managed, and tamper-proof features of distributed ledger
    technology are key to creating trust between entities in the network. The distributed ledger includes a
    consensus and smart contract system, and provides consensus, storage, and smart contract support for
    the upper application framework. Ontology and its distributed ledger technology use a decoupled
    architecture (which is the default for the Ontology Ledger) that can support NEO, Ethereum, and other
    blockchains as the underlying layer. At the ledger level, we creatively propose a shared data contract
    model that decouples data storage and business logic, and implements different business logic with the
    use of smart contracts to improve the scalability and flexibility of the architecture on the whole.
    The distributed trust framework is the core logic layer of Ontology. We use ONT ID to connect different ID
    authentication services and provide a source of trust for people, money, goods, and things. ONT ID is
    decentralized, self-manageable, privacy-protected, and safe and easy to use. The trust framework
    establishes a distributed trust model and distributed trust delivery system through verifiable claims[1][2],
    and uses the CL signature algorithm and zero-knowledge proof protocol to assure privacy protection of
    verifiable claims.
    Ontology uses a series of protocol standards. Proposals include an identity protocol, multi-source
    authentication protocol, user authorization protocol, and distributed data exchange protocol. A range of
    protocols that are compatible internationally are implemented, such as DID[3] designed by W3C. The
    cryptographic signature protocol also supports cryptography such as the Chinese national cryptography
    standard, RSA, and ECDSA. The distributed data exchange system is compatible with the widely used
    authorization protocols, e.g. Oauth[4] and UMA[5], to enable the architecture to meet the goal of being
    open and standardized, and to support future extensive ecological cooperation and expansion.
    For application service provision, Ontology provides the infrastructure for application developers to
    directly provide distributed services on top of Ontology without having knowledge of how to develop
    distributed systems. In short, Ontology provides a series of application frameworks, including APIs, SDKs,
    and various application modules that allow application service providers with a wide range of
    technological backgrounds to develop their own dApps and make dApps as a Service (DAAS). This makes
    blockchain easy to use for all.
    Ontology also includes a variety of advanced modules: cryptography and data protection modules, data
    exchange markets, global transaction databases, hybrid oracle, unlimited consensus engines, and more.
    In the future, Ontology will develop a community of developers and business partners, continuously
    enriching applications and modules to promote the technological development of Ontology’s ecosystem.

    CHAIN GROUP STRUCTURE

    The aim of Ontology is to build a bridge between the real world and distributed data systems. Due to the
    diversity, complexity, and specialization of businesses in the real world, considerations in performance,
    scalability, and applicability must be taken into consideration, of which it is hard to use one public chain/
    affiliated chain network to support all scenarios. In practice, different business logics require different
    chains to meet the needs of different scenarios with different access methods and governance models.
    Also, many business scenarios do not exist independently, and require diversified interaction with other
    scenarios. Therefore, different protocols need to be provided between these different chains to support
    inter-service process cooperation.


    Based on these requirements and models, Ontology proposes a hyper-converged chain group, which
    takes the form of a matrix grid. In a horizontal area there may be public chains that provide basic
    common services, such as entity mapping, protocol support for data exchange, and smart contract
    services. On one or more public blockchains, each industry, geographical area, and business scenario can
    have its own unique service chain that can meet its requirements for access, compliance, governance,
    consensus, etc. Each can also use public chains to provide basic services, such as entity authentication,
    data exchange protocols, etc., as well as collaborate with other businesses.

    In addition to the use of the public chain, there will also be collaborations with chains related to the
    industry of the specific business. Under different collaborations, the service chains involved may also
    vary, so there may be some small dedicated public/affiliate service chains that cooperate with one or
    several service chains or service points for specific business requirements. Therefore, in the vertical area,
    many business collaboration chains will emerge that will include special cross-chain collaborative
    support for smart contract services, business logic services, etc.
    The matrix grid architecture can form a truly autonomous next-generation, versatile network. Different
    business scenarios can find different ways to apply the right service model through a wide range of
    collaborative methods.
    The various protocols in Ontology are not static and users can choose different protocols according to
    different business scenarios, industry features, regulatory requirements, and governance requirements.
    Therefore, in Ontology, protocols will continue to be part of the development process, though the main
    aim is to maximize usability with different protocols and standards within each scenario to make
    Ontology have better compatibility and scalability with the world.
    Ontology uses its distributed ledger framework to satisfy different scenarios with the implementation of
    one or more configurable blockchains. The distributed ledger framework can also customize the service
    chain for specific business scenarios (e.g. different mechanisms for access, governance, consensus,
    storage, etc.). In addition, Ontology can collaborate with other existing blockchain systems and
    traditional IT systems through the use of protocols.


    Documents:

    | Introductory White Paper: | Technology White Paper: | Ecosystem White Paper:|

    Exchanges:

    • Binance

    ONT/BTC

    ONT/ETH

    • Huobi

    ONT/BTC

    ONT/ETH

    • Gate.io

    ONT/USDT

    ONT/ETH

    • OKEx

    ONT/BTC

    ONT/USDT

    ONT/ETH

    • Kucoin

    ONT/BTC

    ONT/ETH

    ONT/NEO

    • Bitbns

    ONT/INR

    • BCEX

    ONT/ETH

    • Abucoins

    ONT/BTC

    Links:

    website:https://ont.io/

    github:https://github.com/ontio/ontol...

    telegram:https://t.me/OntologyNetwork

    discord:https://discord.gg/4TQujHj

    twitter:https://twitter.com/OntologyNe...

    facebook:https://www.facebook.com/Ontol...

    reddit:https://www.reddit.com/r/Ontol...

    blog:https://medium.com/ontologynet...

    e-mail:[email protected]




  • Ontology Announces Venture Capital Cooperation to Co-Build a Next Generation Chain Network


    Apr 4, 2018 — Ontology, a new public multi-chain project and a distributed trust collaboration platform, has formally announced cooperation with venture capital firms Sequoia China, Danhua Capital (DHVC), Matrix Partners China, and ZhenFund, co-initiating the Co-Builder Plan. All the participants of the Co-Builder Plan will build, govern and serve the industry ecosystem together. The partnerships aim to explore application development, outreach, and incubation, and together build a new generation of public blockchain infrastructure and a distributed trust ecosystem to support real business applications and scenarios.

    Ontology is a new high-performance public multi-chain project & a distributed trust collaboration platform that includes a series of complete distributed ledgers and smart contract systems. Ontology blockchain framework supports public blockchain systems and is able to customize different public blockchains for different applications. Ontology supports collaboration amongst chain networks with its various protocol groups. Ontology will constantly provide common modules on the underlying infrastructure for different kinds of distributed scenarios, such as those for the distributed digital identity framework, distributed data exchange protocol, and so on. Based on specific scenario requirements, Ontology will continue to develop new common modules.

    Speaking on the dawn of the ecosystem incubation with the new partnerships, Jun Li, Founder of Ontology, said, “We are very thankful for the support and trust from Sequoia China, DHVC, Matrix Partners China, and ZhenFund. We will continue to work on the research and development of blockchain technology and create a world-class blockchain infrastructure and trust-based application ecosystem. In addition, we will persist in finding viable blockchain solutions for different industries.”

    ShouCheng Zhang, Chairman of DHVC said, “DHVC’s mantra ‘in math we trust’ expresses our trust in mathematics. Trust is the prerequisite to consensus, and Ontology, a new generation public chain infrastructure project and a distributed trust collaboration platform, is the world’s first platform to propose a distributed chain network system. It achieves ‘last mile technology’, making blockchain accessible for all. More importantly, as the core business of Onchain, Ontology has strong technical advantages, a strategic blueprint for high-level development, and a deep understanding of business requirements, making it the representative of a China-led blockchain project with a clear development plan. DHVC very much hopes to empower China’s blockchain industry and looks forward to working with Ontology to together promote the global voice of China’s blockchain industry and build a bridge of trust between the physical world and the digital world to make our world a better and fairer place.”

    In regard to the strategic cooperation with Ontology, a partner from Sequoia China said, “Blockchain is currently at a very early stage and there are still many application opportunities in commercial scenarios to be realized. The Ontology team is committed to building key blockchain infrastructure for commercial adoption, and with this they are bringing blockchain technology to practical commercial applications. The Ontology team has a rich accumulation of blockchain technology and business experience, which allow them to provide their partners and customers with comprehensive support.”

    Haoji Wan, Partner of Matrix Partners China, noted that the collision between the traditional internet and blockchain technology is a global trend. The enhancement of the original internet model with blockchain can make business operations more flexible and able to respond quickly to the changes in market demand. The biggest challenge for blockchain is to achieve truly decentralized trust techniques through different consensus models. Wan added, “We are very optimistic that Ontology will continue to build the infrastructure and gateway for a truly global digital identity. Matrix Partners China, along with other investors and partners, aim to help Ontology expand their community and ecosystem via blockchain innovation.”

    About Sequoia China

    The Sequoia team helps daring founders build legendary companies. In partnering with Sequoia, companies benefit from their unmatched community and the lessons we have learned over 46 years working with Apple, Cisco, Oracle, Google, Alibaba, Airbnb, and JD.com among many others.

    As “The Entrepreneurs Behind The Entrepreneurs”, Sequoia China focuses on four sectors: TMT, healthcare, consumer/service, and industrial technology. Over the past 13 years Sequoia have had the privilege of working with more than 500 companies in China. For more information, visit www.sequoiacap.com/china/en.

    About DHVC

    DHVC is a VC fund that invests primarily in early stage and growth stage company with disruptive technology/business model, big market, and excellent team. The fund’s areas of focus include Artificial Intelligence, AR/VR, Big Data, Blockchain, Enterprise Software and other disruptive technologies. DHVC has a professional investment team with exceptional academic, industry, and investment background. The founding team has been working together for over 10 years. They bring together a unique combination of education/research/entrepreneurship/capital market, extensive network in both Silicon Valley and China, and in-depth knowledge in cutting-edge technologies. Backed by top-notch institutional and strategic partners, DHVC aims to provide startup companies with a wide range of resources to achieve greater success on a global scale.

    About Matrix Partners China

    Matrix Partners China is committed to building long-term relationships with outstanding entrepreneurs and helping them build significant, industry-leading companies.

    Affiliated with Matrix Partners, a premier U.S. venture capital firm, Matrix Partners China was founded in 2008 to focus exclusively on investments in China.

    Since its inception in 1977, Matrix Partners has made hundreds of investments and played an active role in the development of many successful businesses, 50 of which went on to IPO, and 75 of which have gone on to profitable M&A events. The firm consistently ranks in the top venture firms in terms of returns to its investors.

    Matrix Partners China combines local knowledge with global experience and vision. The team consists of both former entrepreneurs and experienced investors. The past successes of Matrix Partners China include Focus Media, Eachnet, and Baidu, among others. Matrix Partners China invest across multiple sectors and stages.

    In its early years, Matrix Partners China appeared as a changemaker for traditional USD foundations. The firm hired young internet product managers as investors since they had a better understanding about the industry, and recruited massively to have a investment team of 40 and a post-investment team of 70 to generate additional value for enterpreneurs.

    About ZhenFund

    ZhenFund is a Beijing-based seed fund founded by New Oriental co-founders Bob Xu and Victor Wang. ZhenFund was established in 2011 in collaboration with Sequoia Capital China, with the aim of promoting innovation among youth in China. After empowering Chinese students to study abroad, Bob and Victor are now dedicated to helping returnees pursue entrepreneurship in China.

    At ZhenFund, they believe that a truly great business starts with an exceptional founder. ZhenFund are dedicated to helping their entrepreneurs build successful companies by providing them with mentorship and the best resources available.

    About Ontology

    Ontology is a new high-performance public multi-chain project and a distributed trust collaboration platform.

    Ontology provides new high-performance public blockchains that include a series of complete distributed ledger and smart contract systems.

    Ontology blockchain framework supports public blockchain systems and is able to customize different public blockchains for different applications. Ontology supports collaboration amongst chain networks with its various protocol groups.

    Ontology will constantly provide common modules on the underlying infrastructure for different kinds of distributed scenarios, such as those for the distributed digital identity framework, distributed data exchange protocol, and so on. Based on specific scenario requirements, Ontology will continue to develop new common modules.

    For more information, please visit: ont.io.

    If you are interested in co-building our ecosystem, contact us at [email protected].

    The Ontology Team



  • Elaborating on the Ontology Roadmaps

    Aristotle 2020: the “Next-Generation Internet”

    The internet is the great infrastructure of our time. It has deeply supported and influenced our personal lives, businesses, and other aspects of our lives. We at Ontology think that it would hard to create an alternative to the internet in the next few years. The plan for the “next-generation internet” is to use blockchain technology to enhance/improve upon some of the pain points of the internet.

    The internet has provided us with an abundance of information and several ways to discover it, but addressing the pain points of the internet lie in filtering, identifying, and verifying information while ensuring privacy protection and safe handling of personal data. Each of these have continued to become more urgent needs for the internet.

    Ontology hopes to establish a “blockchain trust zone” within the internet based on Ontology’s blockchain network and trust collaboration platform. In this area people can carry out fast and automated identification and verification of all types of people, assets, things, affairs, information, and services. As a trusted area of the internet, it will also provide technical support for privacy protection and safe handling of personal data. Regardless of its coverage in the first phase, the zone will provide valuable support for specific scenarios and be the first step in the development of the next generation of the internet.

    In the future governments, businesses, organizations, and communities from across the world will be able to participate in the development of the next-generation internet using this model. Each entity can establish their own distributed trust chain network system like Ontology’s and interact with each other through a collaborative protocol group. Together, this will create an extensive distributed trust network. In that network there will also be applications such as search engines and social media platforms, which will help us quickly identify and verify what is true, what is false, what is good, and what is bad.

    This is how the “trust internet” can gradually develop. Even if the initial stage is only in a small region or industry, it will still serve its own role and contribute to the gradual development of the entire internet.

    The Separation of the Public Chain Network and Distributed Trust Platform

    The Ontology projects have two strategic lines: one is a new generation high-performance public chain and chain network system, and the other is a distributed trust collaboration platform and trust ecosystem. Therefore, there are two sets of project considerations to be made.

    The reason why we designed it this way is because we realized Ontology has two roles. Blockchain does solve the problem of trust, but this underlying layer alone cannot satisfy the needs of all participating entities. At that stage a product would only be half complete. Several common modules providing various types of distributed trust services are needed to support real business scenarios, such as a distributed identity framework, distributed data exchange protocol, distributed reputation and evaluation system, distributed community framework, and so on.

    Only when these two components are integrated together can we have a distributed collaboration platform that can support real businesses. Throughout this process we must uphold the importance of technical specialization; the Ontology team are currently separated into distinct groups focusing on different directions, fields, and modules. For the developer community, when we list out large strategic plans, individuals or groups can choose fields/modules they feel they are good at and develop services and applications for the ecosystem. Using this process professional teams or smaller groups can contribute to a larger strategy and maintain direction.

    Project implementation and promotion

    Whereas there is a clear strategic plan for the project, we do not want to adopt a centralized development approach. Although each core layer and each module have their own unique role, they can be applied to different scenarios. Each version release can support a new application scenario, allowing for an agile rapid iterative development process.

    Each stage introduces a usable version for certain fields. In each quarter, Ontology will perform function upgrades, expand the application scope of the entire platform, and gradually improve in engineering design, upgrade coordination, quality control, and other issues. However, from the development experience of the internet, the traditional waterfall development model is no longer appropriate. Blockchain’s future is continuously changing, so the best practice for each scenario is to be in a continuous exploration process. This is where agile rapid iteration development comes in, as it allows for new features and enhancements to be continuously introduced. This will ensure the overall performance and coverage of the platform.

    Both Ontology’s core team and all technical community partners will be involved in the process of agile rapid iterative development. Together everyone will work towards the large strategic direction, combining their own ideas and respective backgrounds and experience. Constantly exploring the integration of distributed trust applications into different industries will be an important aspect of the public chain community project.

    At present, the Ontology team has completed the first version of the core high-performance public chain and modularized blockchain framework. We have also completed important basic modules such as the distributed identity framework and distributed data exchange protocol for the distributed trust platform. We will launch MainNet in accordance with the progress of TestNet, and then begin to cooperate with the technical community and continue to promote agile rapid iterative development. Ontology will have its functionality upgraded during each development cycle, which will ensure that each upgrade can be used as a complete stand-alone product that can be applied to different fields, with each upgrade including a usable blockchain function.

    The Ontology Team



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