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Ontology

A New Public Multi-Chain Project

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.

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About Ontology

Throughout history people have established trust through technology, rule of law, and communities.

However, trust and collaboration between entities involves multiple sources and isolated systems, which means it can be costly, and therefore hinders the breadth and depth of collaboration potential. Although the technology has advanced a great deal in recent times, too many factors are still hindering collaboration with trust. These include fragmentation of trust systems, the missing role of the individual, inaccurate identity verification, inability to dispute false information, etc. In areas such as social governance, economic cooperation, and financial services, the cost of establishing trust is huge.

The decentralized, tamper-proof blockchain has brought trust through technology to certain industries, however, further integrative mechanisms are needed to join together diverse trust systems and applications into a single new trust ecosystem.

Ontology establishes the connecting infrastructure for a trust ecosystem, with effective coordination of trust and data sources, as well as providing the infrastructure for distributed application development. 

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