Strong vision to be the global foundational infrastructure of a trust ecosystem
Cross-chain interoperability support
Strong product roadmap across multiple industries (Health care, government administration, insurance, internet of things, asset management, copyright protection, public welfare, financial services)
What is it?
Ontology Network is a Cross-chain trust and identity blockchain
It incorporates multiple trust types in an integrated protocol system with various blockchains and databases.
Multi-source identities and multi-source data exchange protocols have been implemented into the network, building a distributed trust system that is cross-chain, cross-industry, cross-system, cross-application and cross-device
Ontology Network aims to develop its trust ecosystem through partnerships to provide distributed services including: distributed communities, data verification, data exchange and credit across industries
What problems does it solve?
Existing Identity & Trust Technology
Inaccurate identity verfication
Emergence of new sources of trust
Identifying false information
Weak encryption systems
Fragmented sources of trust
Existing Security In Trust Technology
Security issues in IOT identity management
Existing Data Management In Trust Technology
Data management monopolisation
Data fragmentation
Core technology
Decentralised identity verification (Multi-factor authentication, Entity registration and authorisation, Procedure protocols, Data attestation)
Data exchange (Peer to peer data transmission, data authorisation mechanisms, copyright protection of data, distributed data storage)
Data directory
Ontology marketplace
GlobalDB
HydraDAO
Ortorand consensus engine
Use Cases
Identity blockchain for people
Users can collect and manage their own identity data from various sources including public institutions, banks, businesses, family colleagues and friends
Identity blockchain for objects
Users can register digital identities of physical objects into the distributed network. Each object has its own API and can interact with other digital identity holders
Distributed data exchange
Ontology network provides a data exchange for users to exchange their data (e.g. with hospitals and banks)
Online communities
Ontology network provides the framework for communities to run in a decentralised system
Distributed reputation system
Ontology network calculates local and global trust levels according to modifiable criteria
Decentralised inclusive financial services
Ontology network helps businesses and individuals to become active managers of their data. With multi-source data coordination, individuals can easily apply for financial services at fairer interest rates
Valuation
Current cap: ?
Potential cap: $1bn - $10bn by 2019
Summary
Ontology network is a very high quality cross-chain blockchain
Ontology has the potential to hit $1bn - $10bn circulating marketing capitalisation by 2019.
