Review on Ontology by Bünyamin Sevinç
Ontology
In my article today, I will talk about another project, Ontology.
This is a really interesting project. This project wants to create a decentralized trust network to its users.
It is mostly for corporate users. It tries to provide an easy way to take advantage of the decentralized and distributed nature of the blockchain.
In addition, users will be able to host their own digital assets on this platform for identity management, smart contracts, a decentralized data exchange.
There are similarities between NEO and Ontology. Because, Ontology was created by the same developers that created NEO.
In addition, this platform has been developed to address corporate usage problems encountered in the Ethereum network.
Ontology keeps corporate data under strict control. Thus, organizations have the ability to keep them within themselves, give limited access to third parties, or make them completely public.
It has a larger team. There are more than 200 core members.
They are also very strong in terms of the wider community. Because they have 80k followers on their Twitter accounts.
As a result, I see it quite likely that Ontology will continue to grow and evolve by taking over the blockchain needs of the business world.
Thank you to everyone who reads and those who do not.
Pros
- A decentralized trust network
- It carries the data of organizations to the distributed ledger system, which is considered more secure, unchangeable and insecure.
- Addressing corporate Ethereum network issues
- Have a strong team and a wide community and reach
Cons
- Not for now.
