Review on Ontology by Abdulquadri Balogun

Name: Ontology
Item: Ontology
Rating: 5

September 13, 2018

Ontology represents a new class of blockchain based, decentralized networks…

Ontology represents a new class of blockchain based, decentralized networks that aim to solve problems currently plaguing established platforms and providing significant enhancements from recent technological developments.
﻿
Ontology distributes the trust framework in which the platform's basic logic lies and which is a key element that leads to the unique benefits of the platform. The framework uses a verifiable declaration system that is cryptographically validated and provides services such as a multi source source identity, distributed data management, and a hybrid combination of distributed and distributed trust models.
﻿

Pros

Ontology values the contribution of an open and technical community to improving the platform for long-term viability. Modular design protocols and platforms are designed to facilitate the introduction of platforms by companies and organizations from different sectors. Users able to reliably manage their digital identities, manage and securely share data, manage directories to distribute their needs, create distributed applications and use various functions that help ontology network.

Cons