Ontology Crypto Review – Owned by the Chinese developer Onchain

Oncology (ONT) tokens, that began trading in early March, were odd in that they had been not subject to some people ICO. Rather, 20m ONT tokens were airdropped to the NEO community. Like NEO, ONT token holders collect their own version of Gas, ONG. Although separate entities, the CEO of all Onchain, Da Hongfei, can also be one of the creators of NEO.

Owned by the Chinese developer Onchain, Ontology is a network platform for businesses to integrate blockchain technology in their companies. Designed to be adaptable in a range of sectors, the platform has concentrated on supplying confirmation and authentication in areas like ownership and individuality.

RISK WARNING: YOUR CAPITAL MIGHT BE AT RISK

Ontology is really a community of blockchains, rather than just one blockchain, and it’s intended to help migrate proprietary enterprise platforms on a dispersed ledger version without undermining them. Ontology was created by precisely the exact same team responsible for NEO but exists as a separate entity.

Thus far, blockchain engineering was limited mainly to private users. Because it’s so new and most programmers don’t specialize in it, people in the business world largely have not looked at what blockchains can do to help their companies. On the other hand, the reality is they’re missing out. There are a lot of applications blockchains can be used for this are even better than existing solutions.

That is what Ontology is trying to repair. They want to make it so that businesses can more easily use blockchains — they do not have to have individuals on staff that are specialists in it. It combines different characteristics which include collaborative databases, distributed identity verification, and much more, in a means that’s simple to use and implement, without exposing your company to security defects or dangers.