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Review on Ontology by TUAN NGUYEN VAN
Ontology is trying to create a platform which creates a trustless ecosystem on…
Ontology is trying to create a platform which creates a trustless ecosystem on many different levels. Why is this so important? Currently, trust networks face quite a variety of issues. Poor privacy protection, untapped data value, data management monopolization and ineffective identity authentication are all opportunities for blockchain.
Pros
- So let's take a look at what the Ontology will offer for those who want to work on modern technologies. For those who want to use modern technology, Ontology offers the so-called framework (a general set of options that can be used for a specific purpose as needed), to which it will be easy to connect and gain access to other entities. The connection is to build up your own full-fledged blockchain, but you do not have to build it from the ground on your own. Just use the basic building blocks from Ontology (tools, services, modules, protocols, databases, smart contracts, ledger) and put together what you need. So everyone builds their own distributed service, and it does not have to be a blockchain expert.
Cons
- This is definitely one of the better projects I have seen recently. It can understand what they are building, they have been well described, and if they succeed and it will be well-used, then there will be a great deal of demand. If the cooperation at the level of the Chinese government is successful, this will surely be the top 10.
