What is Ontology?

Ontology, produced by the Chinese company Onchain in 2017, is a giant step that aims to remove obstacles between a public platform and blockchain-business sector for projects of all shapes and sizes.

Ontology enables businesses to use blockchain technology without having to know about pre-distributed networks. Considering that it is impossible for businesses to integrate their infrastructures into a blockade without a wide range of blockchain information, it is not wrong to say that Ontology is a revolutionary project in this context.

In addition, there are various problems of trust networks currently in the world. Problems such as poor privacy protection, unused data value, data management monopolization and inactive authentication are a great opportunity to use blockchain, and Ontology aims to solve these problems with its own trust ecosystem.

With tools developed by Ontology, companies can implement confidence mechanisms and adapt it to business needs. It seems that the blockchain protocol, which eliminates learning difficulties and offers mass customization, will open the door to the global adoption of the blockchain by companies.

Ontology Trust Network

Chain 1: Verification of people, wealth, organizations.

Chain 2: Verifying and linking applications.

Chain 3: Connect and acknowledge modules, protocols, SDKs and APIs.

Chain 4: All different network chains. This layer serves to connect all chains together.

According to whitepaper;

“ …THE FLEXIBLE DESIGN STRUCTURE WAS MODULATED, INSTANTLY USEABLE AND EXPANDED IN EASY TO MEET THE NEEDS OF DIFFERENT INDUSTRIES. “

This means Ontology is trying to adapt its wide range of functions universally. She hopes to become a resource to verify the authenticity and authenticity of topics such as identity or ownership. Many large companies can use One day to provide Ontology a trust ecosystem.

ONT Token Structure

In March 2018, ONT was distributed to NEO owners with airdrop. It was airdrop with 20 Million ONT distributed. At the end, there will be a maximum of 1 Billion ONT, and ONT owners will receive Ontology GAS (ONG) just like NEO's GAS because they hold this token.

If we look at the Token distribution in more detail:

% 12 Ontology community

28% Corporate partners

10% NEO council

25% Development of ontology ecosystem

10% Ontology technical community awards

15% Ontology Core Kit

Result

According to Whitepaper, sociologists have reduced the number of people we can rely on, so trusting one for most people requires time and effort. Ontology wants to take the place of the existing long roads we trust and bring us together to bring confidence and block chain automation together.

We see that the team behind Ontology is composed of reputable crypto money industry leaders with a successful past. Moreover, unlike many blockchain projects, Ontology does not target the financial industry. Targets insurance, government, medicine, IoT and other industries. I cannot go without saying that Ontology has the potential to come to great places in the future with its long-term goals in Blockchain, working together with NEO and its perfect vision.

Where can I store my ONT?

Your ONTs in the ONT Wallet; You can store it in hardware wallets such as Ledger Nano S and Trezor.