1 Level
6 Review
8 Karma
Review on Ontology by LY HOANG KHA
The Ontology ONG token is not related to the onG.social coin listed on…
The Ontology ONG token is not related to the onG.social coin listed on CoinMarketCap and a handful of exchanges as ONG. That is an Ethereum ERC-20 token from OneName Global, Inc, a Delaware-based social media dashboard that runs both on the Ethereum and Waves blockchains. They’re separate projects that just happened to choose the same three-letter designation, which could mean ONG is listed with a different callsign on exchanges.
Pros
- Ontology is revolutionary in the sense that it allows businesses without previous knowledge of distributed networks to use blockchain technology. Right now, there’s no way for businesses to integrate blockchain into their infrastructure without extensive knowledge of blockchain. As well, current trust networks face a variety of issues. Poor privacy protection, untapped data value, data management monopolization, and ineffective identity authentication are all opportunities for blockchain. Ontology seems to resolve these issues with its solid trust ecosystem.
Cons
- Ontology will also work together with NEO to bridge the gap between blockchain technology and the real world. While NEO and Ontology have similar goals, NEO focuses on digital assets and a global Smart Economy whereas Ontology focuses on trust, identity, and data exchange and authorization. Think of NEO and Ontology like peanut butter and jelly. They are mutually beneficial and put together, they make a tasty sandwich.
