Review on Ontology by Prisca Unegbu

Name: Ontology
Item: Ontology
Rating: 5

September 12, 2018

Ontology blockchain framework supports public blockchain systems and is able…

Ontology blockchain framework supports public blockchain systems and is able to customize different public blockchains for different applications. Ontology supports collaboration amongst chain networks with its various protocol groups. Ontology will constantly provide common modules on the underlying infrastructure for different kinds of distributed scenarios, such as those for the distributed digital identity framework, distributed data exchange protocol, and so on. Based on specific scenario requirements, Ontology will continue to develop new common modules.
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Pros

The code must remain open source and needs to be thoroughly peer reviewed to root out bugs and backdoors. Development needs to be diverse with checks and balances put in place to allow for new contributors but at the same time protect against bad actors. These are no small tasks, and even the longest running open source projects struggle with them. If government ID systems do successfully become decentralized, or added to a distributed network that is not subject to the laws of any one country, it would serve to increase trust over the internet

Cons