Review on Ontology by Pedro O. Alvino M.
State-of-the-art network of public blockchains
Ontology, a trusted network designed to be operated through multiple blockchains, providing identity verification and reputation management systems to adapt to a wide range of industries, according to the structure and composition that it has as well as It has a distributed trust system that incorporates multiple types of trust in an integrated system protocol with various blockchains and databases.
In view of the vision that it seeks to offer, it is to have a secure platform that generates consumer confidence when offering its services and products that it contains, where much of it is characterized in data verification, data exchange, and credit in all industries.
In much of its operation, it is well suited for any type of business, using smart contracts, distributed verification, administration, data exchange, and other protocols and APIs. The user can easily develop distributed services through Ontology without having prior knowledge of distributed networks, allowing the free inclusion of any user in the Ontology platform.
Pros
- It is designed to operate on multiple blockchains
- It operates with a double token structure in the network.
- It offers a platform for decentralized trust systems in companies and corporations.
- Implement blockchain technology to all types of businesses
- Provides a series of cryptography and data security module
- It has an identity system from multiple sources for people.
Cons
- It has an arduous competitor (Civic).
- You may have some limitations due to being established in China, the country where the use of cryptocurrencies is restricted.
New products
Comments (4)
July 18, 2020
I'm particularly surprised by the fact this project provides a wide open-source for all kinds of businesses. This supports the fact all data in any enterprise, being individual or organizational, is important in the same way.
Ontology developers are doing excellent labor to boost the project beyond continents, so I bet the current establishment will not be a limitation or a major issue.
July 18, 2020
Of course I understand your perspective, but as regards the use of cryptocurrencies in the Asian continent, there are barriers that allow the project to have a better market system for the public, given that a large part of the financial movement moves in this container
July 18, 2020
Good review I would like to add something to your review, we already know that this is actually a network of blockchains instead of a single blockchain. This helps to manage it in a fashion similar to cloud storage which is used by many agencies and even government agencies. When using cloud storage, data can be restricted so that only authorized users can access specific folder file directories and databases.
July 17, 2020
Hey nice review :)
One point: I don't think that it will be a Problem that Ontology was established in China. They act as a global company. If there were problems because of restriction they already would have to face it.
