ALTCOINS NEO Foundation and Ontology [ONT] Foundation are now Co-Funders
NEO Foundation and Ontology Foundation contributed RMB 4 million for the co-funding event of their Joint Task Force, after signing a Memorandum of understanding [MoU]. The Joint Task Force will ace the development of API standardization, a sharing ecosystem of smart contract, building open standards for the smart contract, and cross-chain technology innovation.
Ontology is a different entity from both Onchain and NEO. Ontology is a network of blockchains, rather than one single blockchain, and it has been designed to help migration of proprietary enterprise platforms onto a distributed ledger model without compromising them.
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