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Ontology (ONT)

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Site: ont.io

Expert Review

Sep 04, 2019

Ontology is a business-to-crypto platform from Singapore. It assists companies in using blockchain, smart contracts, , and other solutions associated with decentralization and distributed ledger. The network has two native tokens, ONT and ONG. Ontology was the first project to implement the idea of digital identity. The platform utilizes four interconnected blockchains with separate functions (one of them is responsible for identities, another one links the applications, the third blockchain is used for hosting of smart contracts, storage, protection, and verification of data, and the last one is linking all the network chains together). Decentralization and high scalability are provided by the creative VBFT algorithm. SmartX is a solution that allows the use of the smart contracts templates and an intuitive online editor of smart contracts.

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