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



  • Ontology (ONT) And The Power Of Smart X

     

    Ontology (ONT), is creating a high-performance public blockchain and distributed trust collaboration Network. The whole idea behind the project is to allow for cross-chain integration between different public and private Networks. With this in mind, Ontology is geared towards creating the protocols and tools that allow for these ambitions to come to fruition.

    Read full here



  • Ontology & NAGA Partnership

    Big news in the crypto world — Ontology and NAGA have announced the start of a long-term strategic partnership to commence a significant and powerful change in business operations, and bring the Ontology infrastructure to the massive financial technology markets.

    The partnership of the two giants will be aimed at exploring application development, outreach, incubation, and building a new generation of public blockchain infrastructure and a distributed trust ecosystem. The purpose will be to support real business applications and scenarios.

    Ontology provides new high-performance public blockchains that include a series of complete distributed ledger and smart contract systems. On the upper layer, Ontology will constantly provide common modules for different kinds of distributed applications, such as distributed digital identity framework (ONTO), distributed data exchange protocols (ONT DDXF), distributed credible data (ONT Scores), and so on.

    Ontology Founder Jun Li said:

    “We are happy to welcome NAGA to build up the application ecosystem through wielding Ontology’s next-generation public chain infrastructure. The NAGA Group AG (N4G) is a leading publicly listed German fintech firm, backed by Fosun Group and the German Stock Exchange (Deutsche Börse AG). We feel confident that together we can open up the international market, expand the Ontology ecosystem, and advance global blockchain development.”

    NAGA currently has a number of big projects in operation: NAGA WALLET, NAGA TRADER, NAGA CARD, NAGA COIN (NGC), and several other projects in development. Thus, the partnership will not only help to structurize business processes at NAGA, but can potentially mean that one of the biggest Crypto Ecosystems will soon be powered by the Ontology platform.

    NAGA Founder and Executive Director Benjamin Bilski claimed:

    “We are super excited about the Ontology project and we are eager to announce new developments in cooperation with the platform. We believe that it will help to boost and grow our business exponentially. ”

    NAGA Founder and Executive Director Yasin Sebastian Quresh added:

    “We think that this partnership can really change the way crypto companies act and execute their promises. Our and Ontology’s precision and hard-working ethos will help us to not only deliver products ahead of the roadmap, but to also make them more reliable and more valuable for the whole community. ”

    Partnership description

    While NAGA aims at financial inclusion across the globe, as well as the provision of the best industry-leading products; Ontology focuses on trust, identity, data exchange, and authorization. The wide range of industries that Ontology targets, such as insurance, government, and medicine, makes it a wide-scale project that can provide even greater efficiency and trust within NAGA’s ecosystem.

    Ontology Brief

    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 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 among 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.

    NAGA Brief

    THE NAGA GROUP (NAGA) is a German publicly listed fintech company with a focus on financial markets, virtual goods and cryptocurrencies, founded in August 2015 by Yasin Sebastian Qureshi, Benjamin Bilski, and Christoph Brueck. The company’s goal is to drive the development, marketing, and growth of disruptive applications for financial technology, and to actively participate in the change and opening up of the existing financial system. The word “NAGA” is Sanskrit and means “Cobra snake”. It is also the name of the world’s hottest chili variety. In 2017, NAGA completed a successful IPO and established the NGC in cooperation with its partner Naga Development Association Ltd.

    Media contact information:

    Chloe Fu

    Email: [email protected]

    Nagacoin Joined force with Ontology





  • Ontology and NEO Sign MOU Concerning Strategy and Technology

    The Ontology Foundation and the NEO Foundation signed a memorandum of understanding on May 14th, 2018, concerning strategy and technology integration.

    Whereas: Ontology is a distributed trust network that focuses on digital identity, data exchange and other trust collaboration scenarios. NEO is dedicated to realizing a distributed network that serves the smart economy. Both Ontology and NEO share a common technical understanding and vision, and both wish to promote blockchain technology and its applications.

    Purpose: Ontology and NEO together provide compliance-ready, regulatable protocols to global developers. These protocols are supported by NeoVM with exceptional finality and a smart contract system with a robust and stable infrastructure-level network.

    As such, the Ontology Foundation and the NEO Foundation have agreed to cooperate as follows:

    Key Cooperation Areas

    1. Ontology will provide digital identity, data exchange services and other customized services. NEO brings a mature and complete smart contract platform as well as distributed network infrastructure services to the table.

    2. Smart Contracts: Ontology and NEO will work together to build a smart contract ecosystem, fully support the development and adoption of NeoVM and NeoContract, and collaborate on developing smart contract open standards.

    3. Data Integration: Both parties will provide standardized technology interfaces (APIs, SDKs, etc.), and share and communicate development achievements and research results.

    4. Cross-chain: Both parties will push forward with cross-chain research, with the eventual goal of producing integrable mainnets.

    Shared Resources

    Cooperation will be further facilitated by two initiatives:

    1. Ontology and NEO will together set up a joint taskforce (comprised of representatives from both parties) dedicated to realizing the goals specified above and to moving forward on other relevant projects.

    2. Jointly providing funding to relevant research institutions. Funding will be earmarked for academic research dedicated to exploring blockchain technology development, including but not limited to consensus algorithms, encryption algorithms, cross-chain protocols, and formal verification. Other communities, institutions and individuals that share the same interest in blockchain protocols are more than encouraged to join in these funding initiatives.



  • Ontology Enters the Automobile Industry with CarBlock Partnership

    Today Ontology, a new high-performance public multi-chain project and a distributed trust collaboration platform, announced a partnership with CarBlock, the world’s first blockchain-based transportation solution backed by working applications. The two companies will collaborate in core technology, integrate business resources, and cooperate in community operations. CarBlock will also airdrop tokens to cars and their owners who are certified by Ontology.

    As part of Ontology’s “real economy” strategy, CarBlock will build a transport data platform based on blockchain technology and vehicle network intelligent hardware. The platform will combine Ontology’s chain network model with CarBlock’s intelligent hardware and IoT solutions to efficiently and fairly circulate vehicle data within the ecosystem. CarBlock will use data to tap into the one trillion US dollar automobile market and create a brand new smart transport ecosystem.

    Jun Li, Founder of Ontology, said: “We are very pleased to cooperate with CarBlock to connect Ontology’s distributed infrastructure and services to more application scenarios as part of our real economy strategy. Our partnership with CarBlock will ensure effective circulation of transport data, integration of Ontology with the smart transport field, and overall enrichment of the Ontology ecosystem”.

    Speaking on the investment, Jia Li, Founder of CarBlock, said: “We recognize Ontology’s technical accomplishments in public chain development, linking resources of ecosystem application partners, and dedicated support from partnering technical teams. CarBlock is the fastest growing blockchain application in the automobile industry with the most abundant industry resources. We will be using our position to promote the Ontology ecosystem and help Ontology provide more diversified industry solutions”.

    About CarBlock

    CarBlock is the world’s first decentralized automobile industry marketplace based on vehicle data. Through blockchain technology, intelligent hardware, and other IoT solutions, ownership of vehicle data is returned to users. Through fair data circulation mechanisms, vehicle data can be efficiently circulated in the ecosystem. Data can also be used to tap into the one trillion US dollar automobile market and create a brand new smart transport ecosystem.



  • Ontology and Contentos to Collaborate on Public Blockhain Solutions for Content

    Today, Ontology and Contentos announced a partnership in which the two projects will share their respective business expertise and work on blockchain research, application development, and community building. Ontology Global Capital will invest in Contentos, helping it use blockchain to reshape the content industry and continue to tap into the value of content.

    Multiple blockchain solution initiatives

    A key strategy of Ontology’s trust ecosystem is to be the connector between real businesses and distributed digital systems. Another is to provide this service across industries without requirements for complicated systems or technologies. Under this premise, Ontology’s infrastructure can connect distributed services across application scenarios and interact with people, assets, objects, and affairs. Overall, Ontology provides a trust system which integrates the physical world and the digital world, provides users with better service experiences, and creates better cooperation opportunities with society. The collaboration between Ontology and Contentos is a step in this direction for digital content. Both parties will work on building a new global decentralized digital content ecosystem, combining distributed infrastructure with video applications and people. In terms of community development, Contentos and Ontology each have a large user base. Both parties will bring better cooperation, trust, and efficiency through improved user experience.

    Contentos aims to build the world’s broadest digital content public chain, enabling free production, verification, distribution, incentives, and transactions of content, returning value and power to users. Contentos has already gained rich knowledge on how to apply blockchain technology in the content field. At the beginning of this year, Contentos conducted a live streaming session on LiveMe in Taiwan using blockchain technology, which was the first time blockchain technology was used in the world of live streaming. After this, Contentos launched a live Q&A activity in the USA in conjunction with LiveMe and Cheez, a short video application. For the first time, digital assets were introduced into user reward and consumer systems. This not only incentivized users to create better content, but also closed the loop of digital assets from production to consumption. It also allowed ordinary users to access and gain understanding of blockchain technology and digital assets.

    Broad cooperation in blockchain development

    Currently public blockchains are facing fierce competition. In this environment public chains are trying to demonstrate their individual technical strengths and differentiating qualities from each other. Contentos and Ontology are both strong in this regard and have an open-minded and forwarded-thinking ethos.

    Ontology is a new high-performance public multi-chain project and a distributed trust collaboration platform. By being open-source, open-minded, and embracing technology communities, rapid iteration allows for quick subdivision of development into different scenarios while taking in continuous feedback for applications and enhancements.

    Talking about the partnership, Jun Li, Founder of Ontology, said:

    “Cross-border integration is an important trend for the future of blockchain. Our cooperation with Contentos is in line with Ontology’s real economy strategy and will develop Ontology’s standing in the distributed digital content industry. We look forward to building the distributed trust ecosystem with Contentos”.

    Contentos Co-Founder Mick Tsai said:

    “Contentos
    and Ontology’s open mindset allows for sincere cooperation. Through our
    respective experiences and advantages, we can develop better
    technology, applications, and communities. As the world’s leading
    content chain, Contentos will continue to cooperate with outstanding
    projects globally for the development of blockchain technology”



  • Ontology’s Official app ONTO is Live!

    After several months of intense product design and development, Ontology’s official app ONTO is finally here! The first version available to the public is 0.8.4 (for Android 6.0 and above). An iOS version will be released when ONTO’s iOS App Store listing is ready. There will also be a desktop wallet application, which is scheduled for August.

    We will keep the community up to date with developments. Thank you everyone for your support and patience.

    You can download ONTO here: https://onto.app/.

    Introduction

    ONTO is a decentralized client product and an access to the Ontology trust search engine and blockchain system. ONTO offers functions to users such as digital identity management, digital assets management, distributed data exchange, and so on.

    ONTO maps your digital identity and real-life identity. Users can use this product to build their own digital identity and multi-factor personal portrait, and use cryptographic algorithms to protect their privacy. ONTO can manage digital assets in a safe and reliable way and apply it to your life. At the same time, it will build a reliable and controllable data transaction system for users through an authorization system and encryption algorithm.

    In the future, we will support more social scenarios and collaboration opportunities using ONTO’s digital identity and digital assets management.

    II. ONTO Security Audit Report

    ONTO has passed a strict security audit by SlowMist, a professional blockchain ecosystem safety and security team. ONTO’s security level was rated “A”. Below is the audit report summary for ONTO.

    ONTO Main Functions

    ONTO Main Functions Demo

    ONT ID verifiable claim authentication and authorization, wallet transactions and ONG claim, one-stop token swap

    ONT ID verifiable claim authentication and authorization

    After completing ONT ID registration, you can use ONT ID for identity authentication services for various trust sources by obtaining necessary verifiable claims (blockchain certificates). Blockchain certificates will be used in other authentication and authorization scenarios to achieve one-time blockchain authentication which can be used multiple times in multiple scenarios.

    We use a CFCA blockchain certificate as an example:

    Wallet transactions and ONG claim

    The current wallet supports transactions of MainNet ONT and ONG transactions. It also supports claiming ONG, which is released gradually from ONT.

    Transactions and withdrawal require the wallet password for confirmation.

    One-stop token swap

    In ONTO, MainNet ONT mapping does not require a mapping address; you only need to enter the mapping amount wallet password. You can check your mapping progress in ONTO directly.

    For further information on the token swap, please check this article.

    Conclusion

    Ontology’s official app, ONTO, aims to promote the development of the blockchain industry. We will continue to upgrade ONTO’s product technology according to users’ feedback, to provide strong distributed application support for Ontology’s chain network system.

    Thank you,

    The Ontology Team



  • Ontology Node Report July 2nd to 9th

    Dear node team and supporters,

    We released the Ontology Triones Seed Node Recruitment Rules on June 1st. Over the past few weeks, teams worldwide have been making applications and putting down their stake. The competition was tough.

    The current situation is as follows:

    Sincere thanks to all of the teams worldwide.

    Today we can officially announce the first Triones seed node candidate list. Congratulations to the top three candidates from each group. We will send each team stake operation instructions and other instructions soon.

    We will hold another round of voting for teams that are not on the list. The deadline is at 23:59 on July 15th. If you would like to participate, please top up as soon as possible.

    Detailed candidate list:

    North America

    South America

    Europe

    Asia I

    Asia II

    Africa

    Oceania

    Next Tuesday (July 17th) we will announce the final list.

    For those who haven’t been listed, keep trying!

    The top up deadline is at 23:59 (UTC) on July 15th.

    The list awaits,

    The Ontology Team

    Ontology reserves all the right for the final interpretation.



  • Ontology Project Progress and Future Plans

    Dear all,

    Ontology MainNet, “Ontology 1.0”, officially launched on June 30th and is stable after several weeks of operation. The Ontology team would now like to share with the community Ontology’s progress in its current state, as well as our future plans.

    We will continue to update the community periodically through articles like these. We look forward to more voices and support from the community.

    Ontology MainNet, Ontology 1.0

    Ontology MainNet 1.0 is a complete blockchain public chain platform and distributed trust cooperative platform which includes the following module functions:

    1. Dual-Token Economic Model

    • Cost-benefit settlement model, for blockchain node operations, network management, and dApp services.
    • Governance model based on the economic model.

    2. Consensus mechanism which matches the governance model.

    • VBFT uses PoS to support economic governance and VRF to extend the consensus participation group. In Q1, it has already supported 42 nodes and ensured finality with BFT.
    • VBFT rapid support for business-level project demands.

    3. Complete Smart Contract System

    • Original native contract system. We believe some basic protocols should be available on-chain which represent universal values, just like laws. A larger value network is supported by these basic protocols. For example, we have now defined attested value, identity, authority management, governance pattern, etc., and we plan to have Oracle, atomic swap contract, and more. We have optimized the general protocols to provide faster management and cheaper costs.
    • Shared smart contract system jointly developed by an Ontology and NEO joint working group with Turing completeness.
    • Consensus management contract which implements the governance model.

    4. Complete Distributed Ledger System

    A cross-system and cross-region distributed ledger and distributed identity management and authentication framework (can be used on people, objects, and virtual content) without a central administrator or centralized database.

    5. Comprehensive Client Application ONTO

    ONTO already has ONT ID management and digital assets management, with several attestation types including CFCA and social media accounts. We have worked together with NCC group, Baimaohui, SlowMist, and other security audit institutions to enhance the security of client-end applications so users can securely and safely manage their digital identities and assets. Furthermore, ONTO will connect and apply to more scenarios, support more trust anchors, and work with more dApps, to become a comprehensive application product for Ontology trust ecosystem.

    6. Ontology Blockchain Explorer

    Ontology blockchain explorer provides blockchain, transaction, and ONT ID checking and status monitoring to provide attestation authentication for the trust ecosystem and provide high-efficiency inquiry services for people, assets, objects, and affairs on-chain through TSE (Trust Search Engine) integration.

    7. Smart Contract Development and Application Platform SmartX

    SmartX is Ontology’s comprehensive smart contract development and application platform that currently supports Python and C# for smart contract development. We are optimizing compiler and user experience to continuously improve development efficiency. More development language support will be available at a later stage.

    8. Ontology Integration

    Building a product solution package for the Ontology technical ecosystem, integrating multiple independent product modules from comprehensive client applications, traditional internet client applications, and dApps to the Ontology blockchain, realizing a complete end-to-end blockchain solution.

    9. Performance

    • Rapid dynamic block generation.
    • 5,300+ tps achieved in open-source version.
    • 10,000+ tps achievable with future improved modules.

    Ontology Work Progress

    1. Service Partnerships: Ontology has partnered with important partners such as CFCA for China identity services, and is also in contact with well-known biometric identification service providers and related partners. Internationally, we have finalized a partnership with IdentityMind for KYC services and will continue to have more service partners in different countries and continents.

    2. Ecosystem Applications: Several application ecosystems using Ontology technology in different sectors are currently under development. We work with teams such as COT who provide a smart hardware and IoT platform, PTS who are a new-generation credit service network , DAD who focus on distributed advertisement distribution and cooperation, Contentos who are committed to use blockchain technology to rebuild the content ecosystem, BDN who are a business data network based on blockchain technology, and Cocos who are a one-stop mobile game development solutions platform. We also cooperate externally with CarBlock, the first decentralized car business market based on car data, as well as LianAn Technology and CertiK on security.

    3. Governance Nodes: Ontology has 42 nodes in total and has built a complete economic model and compensation model.

    Ontology Triones nodes recruitment will remain open. Whether you are a node applicant, operator, or individual, you can join Ontology’s governance and operation in different ways. Ontology will also keep the process open and transparent. Ontology has designed a generous compensation model for individuals and institutions that take part in node governance and will continue to give long-term compensation. The value of Ontology will also improve with the expansion and increase of Ontology’s applications.

    4. Ecosystem Cooperation: Ontology is the first blockchain project from China to join the DIF and the first blockchain project to become an IEEE member.

    5. Community Expansion: Ontology has designed and released technical communication compensation guidelines and also released the first batch of compensation to the technical community. We welcome more developers to join the technical community and look forward to hearing more ideas and see more contributions. For further details, please refer to this article.

    6. Accelerator: Accelerating Ontology ecosystem members from early development and helping blockchain adoption in some application scenarios to support the digitalization of the real economy. All mature products, application platforms, or companies can use blockchain. Already COT, BDN, and some projects have joined the accelerator program, and we plan to have more than 20 enterprises/projects joining the program before the end of the year.

    7. Fund: Ontology Global Capital has invested in Points, CarBlock, Contentos, Fission Capital, DAD, Cocos, CertiK, BDN, Hardron, GAEA, Blockchainer, Blockchain of the World, and more. Ontology will focus on deploying distributed business scenarios that are implementable, with users and real requirements in blockchain and the real economy. This will encourage more users to use trusted and reliable Ontology blockchain services to form an active and valuable application ecosystem.

    8. Team Building: In the recent months, we have another batch of top talent join Ontology, contributing to our business, technology, research, and product teams. Ontology has now developed into one of the largest public blockchain teams with coming close to 100 members. Our research design, engineering work, solutions, and business development are at the forefront of the industry and are improving continuously to guarantee the success of Ontology’s future developments.

    9. Technology Research: The Ontology research team is functioning well and continues to expand. It carried out a large amount of basic technical research and design on blockchain and security code, and formed research groups with many universities for joint research and project realization on a number of frontier issues. The first output of research findings will be ready in Q3-Q4. At the same time, preparation for an Ontology research institute will start.

    Next Steps

    Socrates, Q3-Q4 2018

    Technology

    In Q3 and Q4 in 2018, apart from continuing optimization of the main chain infrastructure, Ontology will focus on its application ecosystem and isomorphic chain and cross-chain prototype realization and pilot projects to further develop the ONT ID-based trust and collaboration application system.

    Blockchain Underlying Technology

    • Further optimize the governance model and consensus network construction mechanism, diversify methods and approaches for ONT holders to participate in governance. Support all ONT holders to take part in Ontology platform governance easily and earn governance rewards.
    • Optimize the efficiency of consensus and accounts, further improve performance.
    • Complete transaction parallel processing optimization testing and launch.
    • Further improve the scalability of consensus and accounts on an organizational structure level to lay a solid foundation for diversifying service chains in the Ontology chain network.
    • Launch Ontology Oracle service.
    • Continue optimizing Ontology’s storage management and network, support blockchain network nodes to provide more diversified and efficient blockchain basic services, and provide support for a more reasonable blockchain basic service cost-benefit solution for nodes.
    • Cross-chain framework for isomorphic chain. Pass Ontology’s value model to new Ontology ecosystem chains while continuing ONT ID support. At the same time, start the development of the first industry-specific business public chain.
    • Continue to optimize the smart contract system. Based on the characteristics of Ontology’s ecosystem, further optimize existing smart contracts of the first phase, enabling the Ontology smart contract system to support more complicated business logic, provide more efficient cross chain contract invocation, and provide a more convenient, more secure contract development tool for Ontology ecosystem smart contract developers at application level.

    Services

    • DDXF, which supports blockchain-based exchanges, to provide a foundational service for increasing on-chain circulation.
    • New DataToken regulations to bring more industries to blockchain and further support decentralized data exchange and off-chain collaboration. While supporting the non-homogeneity of each token, it also supports an evaluation system.
    • Support for a trust system based on ONT ID and trust scenarios with multiple parties involved. Using the ONT ID and attestation system, we will adopt more trust anchors and connect finance, credit investigation, KYC, data exchange, process collaboration, and more scenarios.
    • Continue to optimize SmartX, upgrade the Python compiler, provide contract formal verification function, and support multi-party collaboration and exchange contract based on DDXF. At the same time, implement a compensation package, integrate a fair governance policy, and reflect on each participant’s contribution to combine smart contract compilation, transaction, collaboration, and community construction. This will form a healthy smart contract development ecosystem.
    • The Ontology technical community will participate in the planning, design, and implementation of technology planning.
    • As blockchain uses decentralized theory as the foundation for system infrastructure, the infrastructure makes use of competition to continuously innovate.

    Academic and Technical Research

    Blockchain technology innovation is inseparable from the support of advanced academic theory. Ontology continues to track theory, transforming the research spirit to engineering. Ontology will carry out the following in terms of research direction:

    • Network protocol research to analyze, research, and optimize DHT protocol’s performance, quantify related network protocol performance, and perform prototype verification.
    • Cryptography research, especially the research on cryptography primitives including threshold cryptography and zero-knowledge proof. Emphasis on support for different consensus algorithms for blockchain applications.
    • Consensus randomization research based on a large-scale open network to provide theory support for security, finality, and robustness problems that future public chains may confront.
    • Continue to track new possible technologies and provide theoretical foundation for secure and highly efficient public chains.

    Community

    The vision of the Ontology ecosystem is to build a trusted and reliable internet. We will open community products for the Ontology ecosystem, including an Ontology-based technology marketplace to work as an open technical service exchange for the Ontology ecosystem. Ontology’s technical contributor plan provides more opportunities for projects and volunteers to contribute and compensate accordingly. The technical community achievements exhibition will provide a platform for the community to show their work and communicate. Ontology’s technical articles further promote communication between Ontology’s core research and development team and the greater technical community. We will share more technical thoughts in Ontology’s development and exploration process, and promote closer cooperation between our core team and the technical community.

    Marketing

    As of now, Ontology has English, Chinese, Korean, Japanese, Dutch, Italian, Russian, Spanish, Turkish, Vietnamese, and other language Telegram and Discord groups, as well as white papers in English, Chinese, Korean, Japanese, Spanish, and Dutch, and an official website in English, Chinese, Korean, and Japanese. Ontology also has international employees who are in charge of the development of our international communities.

    In terms of external communication, Ontology has opened official accounts on international and domestic accounts such as Medium, Twitter, Facebook, Reddit, LinkedIn, and more. We also release Ontology updates through media and communities internationally.

    Regarding offline activities, recently Ontology has held London and Tokyo community meetups, a US MainNet Pre-Launch event, as well as two technical sharing sessions in Shanghai. Ontology team members have been actively participating in major industry forums internationally and have continued to promote Ontology’s concepts and core technical advantages to the public and different industries.

    From August, Ontology meetups and hackathons will be held across the world until the end of the year. We look forward to seeing as much of the community attend!

    You can sign up for our Korean and Japan MainNet launches here:

    Korea MainNet Launch

    Japan MainNet Launch

    Ecosystem

    Research Institute and Academic Plans

    Blockchain’s development is inseparable from technology. Technology realization is inseparable from a theoretical direction.

    Ontology will face more technical challenges and need more academic support. Therefore, Ontology will start a research institute plan, recruiting more talent and absorbing academic achievements, exchanging ideas and opinions, and enriching future development.

    Please stay tuned for updates on Ontology’s academic endeavours.

    Other

    Ontology’s ecosystem construction will continue to follow two main principal lines, which are trust anchor and application implementation. This means introducing diversified trust sources for applications in flexible ways and connecting with mainstream business bodies to jointly develop industry solutions using Ontology. At the same time, we cooperate with newly-established companies exploring blockchain-based business models, and via incubation, cooperate and support the diversification of application in the ecosystem.

    Team

    Our core team will keep expanding technology, marketing, and business talent, maintaining one of the biggest public chain teams. At the same time, we will start opening offices in the US, Japan, and South Korea, and build teams to develop different communities globally, cooperate with companies in more industries, work on business incubation, and support the expansion of more business scenarios in different regions.

    We look forward to the year ahead with you.

    Thank you for your continued support,

    The Ontology Team



  • OWallet, Ontology’s Official Desktop Wallet, Version 0.8.1 Release 

    OWallet, Ontology’s official desktop wallet, has now been officially released, you can download it here: https://github.com/ontio/OWallet/releases.   OWallet offers three wallet types for you to use: individual wallets, shared wallets, and Ledger hardware wallet support. OWallet currently has Windows and macOS versions.

    If you have further questions please refer to the OWallet FAQ.

    OWallet individual wallet features

    (using OWallet v0.8.1 macOS version as an example)

    When downloading OWallet for the first time, please select the keystore save location.

    1. Create an individual wallet

    Choose a name and password for the individual wallet.

    After you’ve created your individual wallet, the wallet home page will show information including the wallet address, public key (which can be used for shared wallets), ONT and ONG asset balance and the ONT balance price in USD, claimable and unbound ONG balance, transaction history, as well as send and receive functions for MainNet ONT.

    2. Import individual wallet (using keystore, private key, WIF, and mnemonic phrase)

    3. Export individual wallet     Note: Please keep exported wallet files safe. Wallet files can be imported using the keystore.

    4. Send assets with an individual wallet   Click “send”.

    Select asset type, enter the asset amount and receiver address.

    Confirm the transaction information.

    After the transaction is completed you can check it in “completed transactions”.

    5. Receive assets with an individual wallet

    Click “Receive” to receive your wallet address which you can provide to others to receive transactions. Mobile wallets can directly scan the QR code.

    6. Redeem ONG   Click “Redeem”

    Each redeem ONG costs 0.01 ONG.

    OWallet shared wallet features

    1. Create shared wallet (using “sharetest” as an example)

    Enter the shared wallet name, then enter the names of the copayers and their corresponding public keys to their wallets (the minimum of copayers is 2 and the maximum is 12).

    .

    Set the transaction rules for the shared wallet. This example has three participants, and two of them are required to make a transaction.

    After you’ve created your shared wallet, the wallet home page will show information including the wallet address, ONT and ONG asset balance and the ONT balance price in USD, the shared wallet rule, the name of the participants and their individual wallet addresses, pending transaction information, completed transaction information, as well as send and receive functions for MainNet ONT.

    2. Send assets with a shared wallet and signature sequence confirmation

    On the shared wallet home page click “Send” to initiate a shared wallet transaction.

    Select asset type, enter the asset amount and receiver address.

    Select the shared wallet sponsor and drag to adjust the signature confirmation order. Please note that once the signature is confirmed, it cannot be changed. The sponsor is the first to confirm the signature, and the subsequent signatures must be signed in order. (In this example there are three wallet participants. After the first and second participants sign the confirmation the transfer is successful).

    Confirm the signature sequence.

    After the shared transaction is initiated it enters a pending state. After all required participants have signed the confirmation, the transaction can be completed and the balance and complated transactions will update.

    3. Receive assets with a shared wallet   Click “Receive” to receive the shared wallet address which you can provide to others to receive transactions. Mobile wallets can directly scan the QR code.

    4. Join shared wallet

    Click “Join Wallet” and enter the shared wallet address. You can also use shared wallet addresses from ONTO.

    OWallet Ledger features

    Go to Ledger and click “Import Ledger”.

    Set your wallet name and connect your Ledger hardware wallet to your computer. Once connected, you can use Ledger to manage your MainNet ONT more securely.

    Ledger’s official article on how to add ONT: https://support.ledgerwallet.com/hc/en-us/articles/360007583514.

    Settings features

    • Option to switch between TestNet and MainNet
    • Option to switch between English and Chinese
    • Option to choose keystore save location

    Other

    • To import MainNet ONT from O3 or SEA wallets, select the “WIF” import method. The reason is because O3 and SEA both use the WIF private key format, which starts with “K” or “L” and is 52 characters in total.
    • OWallet 0.8.1 does not support NEP-5 ONT token swap. The next version will support the token swap.
    • OWallet shared wallet can be used with the ONTO shared wallet. The screenshots below show a shared wallet simultaneously used in OWallet and ONTO.


  • Ontology Community GIF Sticker Design Competition

    Ontology, a new high-performance public multi-chain project and a distributed trust collaboration platform, provides new high-performance public blockchains that include a series of complete distributed ledgers and smart contract systems.

    This GIF sticker competition is open to the whole Ontology community. It is aimed to select stickers which demonstrate Ontology’s key characteristics such as decentralization, innovation, high-performance, and so on (while still being fun!) for use in online communities.

    Candidates who design the GIF stickers have ownership of their stickers. Candidates will agree to authorize Ontology community members to use and share their stickers within the Ontology community for non-commercial use.

    Prizes

    1st Prize — 1 person — 500 ONG

    2nd Prize — 3 people — 300 ONG

    3rd Prize — 6 people — 200 ONG

    Runner-up — 50 people — 50 ONG

    Each sticker will be voted on individually and each candidate can receive a maximum of two prizes for their submissions. All submissions will be ranked by number of votes. If a candidate has more than two stickers chosen, only the top two stickers will receive prizes.

    Competition Schedule

    Sticker submission:

    August 8th-18th

    Voting:

    Ontology team first round selection (60 candidates chosen): August 20th-22nd

    Community voting: August 23rd-27th

    Ontology team voting: August 27th-29th

    Winners announcement: August 31st

    Competition Rules

    Ontology-related design, GIF format, size 240*240px.

    Each candidate can submit a maximum of two stickers.

    Candidate must submit their stickers via email. Candidates will receive an email for confirmation of successful submission.

    The submission rules are as follows:

    • Please send your stickers as an attachment to [email protected].
    • Subject title: Ontology Community Sticker Design Competition — (Sticker name) — (Designer name)
    • You need to include your full name, email address, any sticker explanation notes, ONT ID, and ONTO wallet address.
    • You will receive our email confirmation email before August 20th to confirm the submission of your stickers.

    If you do not follow the submission rules your submission may not be successful.

    Feel free to share your stickers in our online communities to attract more votes.

    Voting share:

    Community: 50>#/p###

    Ontology core team: 50>#/p###

    Selection Criteria

    • Unified and clear image design and message.
    • No limits on sticker style but needs to show Ontology’s characteristics.
    • Positive sticker content: no inappropriate language, violence, or pornography.
    • Can attract users and spread the Ontology message.

    Please note: We will disqualify any candidates we believe to be involved in voting manipulation.

    Winner Announcement

    Winning stickers will be announced on Ontology’s social media platforms and winners will receive notification via email.

    Please make sure you provide the correct details to us (email address, phone number, ONT ID, ONTO wallet address).

    The Ontology Team will reserve the right of final interpretation of this competition.



  • Spuul, Movie Platform with 60 Million Users, to Build new dApp Spokkz on Ontology

    Ontology, a new high-performance public multi-chain project and a distributed trust collaboration platform, and Spokkz, a new content dApp produced by Spuul, have announced a partnership to build Spokkz on the Ontology MainNet, using Ontology technical infrastructure for their new platform.

    Spokkz was born of Spuul, an existing platform which gives its 60 million users across Asia and the world the ability to stream, download, and watch over 10,000 hours of Bollywood movies. With Spokkz, the team aims to go further than simple tokenization of the content industry. The Bollywood-led media machine leaves numerous markets out of their model. Meanwhile Malaysia, Indonesia, and India are huge markets for media, but they are all ignored by studios that cater to the so called “first-world” demographic. When people are on the Spuul platform, the Spokkz token will let them connect directly with media producers, and support narratives that tell the stories they find meaningful.

    Ontology’s core strategy is to be used for real world business scenarios, which is reflected in its core modules which include a complete smart contract system, distributed ledger system, distributed identity framework, distributed data exchange, and more. Likewise, Spuul believes the next generation of technology will not be accomplished through new hardware, but rather with innovation in what we already have. Spuul will use its existing industry insights to build Spokkz using Ontology’s infrastructure and create a product with real use cases for the content industry. In addition, Spokkz will adopt Ontology’s distributed identity framework — ONT ID — for users on their platform.

    Speaking on the partnership, Subin Subaiah, Founder of Spokkz, said:

    “Working with Ontology is a huge opportunity for us. Not only do they bring a well thought out infrastructure but, the combination of SPOKKZ’s large user base and Ontology’s stellar technology will be a game changer for the entire token economy. Ontology’s Trust system and SPOKKZ’s decentralised content creation and content viewing is truly a marriage of two significant players who are committed to the decentralised economy and who have the technology and proven track record to ensure a successful collaboration”.

    LI Jun, Founder of Ontology, added:

    “The core modules Ontology has built and are continuing to enrich are all linked to real business scenarios, so we are pleased to work with Spuul who will take an existing user base with millions of users and design a new project. Spokkz will use decentralized technology to make a product which gives individuals a voice in an industry that is traditionally centralized”.

    About Spokkz

    Spokkz is being issued by Spuul, a pioneering and established OTT player with over 60million users in 180 countries generating revenues of close to USD15mm. Spuul has decided to migrate some of its solutions to the blockchain and to tokenise it’s business with Spokkz. Spuul is recognised to be an innovative, full stack, pure play tech company that has built it’s enterprise in collaboration with premium providers like AWS (for whom they are a case study).

    A live platform, an experienced tech and business team, deep connections into the media industry and an influential advisory board puts Spokkz way ahead of the competition. Spokkz is dedicated to Mr Spock of the Starship Enterprise and hopes to represent all that he stood for — clarity of thought, cold/hard logic and the courage “ to boldly go where no one has gone before.



  • Ontology to host Corporate MainNet Event in Tokyo August 24th

    On the eve of the Ontology MainNet launch event in Tokyo on August 25th, Ontology will be hosting a closed event in which 50+ corporates in Japan will gather to learn about how Ontology’s public chain infrastructure can help their respective industries.

    Guests will include representatives from:

    • The Liberal Democratic Party of the Aichi Prefectural Assembly
    • Toyohashi City Assembly
    • ZeLo legal consultancy
    • Financial Services Agency of Japan
    • PricewaterhouseCoopers
    • Ethereum community in Japan
    • Noritz Corporation
    • Toyohashi City Council
    • ABC Holdings and Docomo

    In addition, representatives from multinational holding conglomerate eSoftBank, telecommunications company Kddi, electronics company Omron, multinational conglomerate Hitchachi, and other individuals from Fortune 500 companies in Japan will be present.

    As for media, correspondents (among others) will include:

    • Nikkei
    • TechWave
    • ITmedia
    • NetEase Japan
    • SPA blockchain news (print)

    The event is by invitation only, but we have released more tickets for our MainNet Tokyo Launch on August 25th. We welcome you to join us — there will be an ONG airdrop for all attendees who provide their ONT ID and ONTO wallet address when they sign up and verify onsite.

    See you next week, Tokyo!



  • OWallet Version 0.8.3/0.8.4 Update Notice

    Download OWallet here!

    Updates:

    • Token swap support. Ledger users with NEP-5 ONT can move their ONT to an individual wallet in OWallet to perform the token swap;
    • Create and import ONT ID support. Further ONT ID functions will be added in later versions;
    • Node stake support for current candidate nodes (node applications next open in October);
    • Added delete wallet function;
    • Bug fixes.

    Please note:

    • NEP-5 ONT and MainNet ONT have different wallets on Ledger. You can read how to create a MainNet ONT wallet on Ledger here. If you send MainNet ONT to a NEO address on Ledger (or vice versa), you will have to wait for a future OWallet update which will include a function for you to retrieve your ONT using your mnemonic phrase. For this reason, please make sure you know your ONT type and receiving address type before making a transaction;
    • If you receive a fetch transaction history error or are unable to view your balance, do not worry, this is most likely a network issue. Please change your network and try again.


  • Ontology’s Korea MainNet Event Draws Large Crowd

    Ontology, a new high-performance public multi-chain project and a distributed trust collaboration platform, held its MainNet launch event in Seoul, South Korea, on August 18th. The event brought together blockchain industry elites and Ontology ecosystem partners to present the launch of Ontology 1.0 in Korea.

    At the beginning of the conference, Hyeong Joo Kim, Chairman of the Korea Blockchain Industry Promotion Association, delivered an opening speech. He said:

    “As the core technology of the ‘fourth industrial revolution’, blockchain will change people’s lifestyles.”

    He expressed his intent to unite the community and everyone’s strength to improve the legal and regulatory system needed for this industrial revitalization.

    Hyeong Joo Kim, Chairman of the Korea Blockchain Industry Promotion Association

    Perry Jung, Chairman of Chainers, expressed his confidence in the progress of Ontology since its release, mentioning in his speech:

    “Blockchain is a brand-new area for economic cooperation, and the support and incentivization Ontology gives for its community and other excellent projects sets the paradigm for future economic cooperation between China and South Korea, and I hope Chainers will play a role in facilitating this”.
    Perry Jung, Chairman of Chainers

    Hwisang Kim, CIO of Hashed, said:

    “Technology, founding team, and business model are Hashed’s three major investment principles. Ontology meets all three of these conditions, and with consensus and continued innovation, we look forward to seeing Ontology more real business scenarios across diverse sectors”.
    Hwisang Kim, CIO of Hashed

    LI Jun, Founder of Ontology, followed, giving a keynote speech detailing the key aspects of Ontology’s technology, products, and ecosystem.

    LI Jun said:

    “Ontology is dedicated to building a distributed trust ecosystem and the bridge between real businesses and distributed technology. The Ontology chain network system, VBFT consensus algorithm, smart contract system, and governance model are all important technological components of Ontology. At the same time, Ontology 1.0 has several key products — comprehensive decentralized client ONTO, desktop wallet OWallet, and smart contract IDE Smart X. These bring a more efficient development experience and support, and continue to enrich the Ontology ecosystem”.
    Founder of Ontology, LI Jun

    LI Jun then gave a detailed introduction to Ontology ecosystem partners. Ontology has always adhered to a “real economy” strategy and has now entered partnerships covering the automobile industry, IoT, financial credit, digital advertising, medical health, games, content, audio and video, security, and other fields. This close integration will continue to blossom as more partners develop dApps and cooperate in other ways with Ontology’s technology, whilst ensuring the security of the entire ecosystem.

    Mathias Glintborg, Global Development Manager of Ontology, shared the development progress of the Ontology community and the plans for the next phase. The Ontology technical community is open to support from across the world and has allocated 100,000,000 ONT for community incentives. With the Ontology technical bounty program in full swing, Mathias said:

    “The community is core to Ontology’s overall development. We’re excited to see the initial support we have received and welcome more people to join us in future development”.
    Mathias Glintborg, Global Development Manager of Ontology

    Several of Ontology’s ecosystem partners also came to the event to deliver speeches on their respective industries. Of those included blockchain-based integrated blockchain and IoT hardware solution providers COT (Chain of Things), blockchain-based credit service network Points (PTS), blockchain based business data network BDN (Business Data Network), blockchain digital advertising platform DAD (Decentralized Advertising), leading digital content public chain Contentos, intelligent healthcare blockchain ecosystem ALLIVE, and blockchain-based transportation solution CarBlock.

    Yang Yang, COT Director of Hardware System Architecture Tony Yu, Points Vice President of PR SHEN Bowen, BDN Community Development Director Han Joo Lee, DAD Global Consultant Mick, Contentos Co-Founder ZHANG Yi, ALLIVE Co-Founder and CTO Kevin Jiang, CarBlock CMO

    At the press conference, Ontology and ALLIVE signed a strategic cooperation agreement.

    Founder of Ontology, LI Jun, and CTO of ALLIVE, ZHANG Yi

    Ontology will be holding two MainNet launch events in Tokyo August 24th-25th, one closed event for local corporates and one open to the public. Later this year, Ontology will be attending several conferences and holding hackathons and meetups to further introduce Ontology’s technology and project progress with more people, and with it expand the community and onboard new partners.

    Ontology core team members present at the event

    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 among 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.

    Media contact

    Echo Li

    [email protected]



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