Review on Ontology by Mohammed Umaru

Name: Ontology
Item: Ontology
Rating: 5

September 13, 2018

Ontology features a distributed trust network providing protection for those…

Ontology features a distributed trust network providing protection for those who would like to store information and build their networks with blockchain technology. This feature is another significant time saver as a traditional trust network would take years to build.
 For businesses interested in utilizing Ontology, transparency and security concerns are assuaged with it's distributed trust architecture.
In terms of real-world usage, the potential of the Ontology network is practically unlimited. This is because the blockchain aim is to benefit all business types – notably because it allows data to be transferred in a secure, transparent, fast and cheap manner.
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Pros

1.Simple access for businesses where knowledge of blockchain is not required. 2 Ontology use VBFT(combines three different models. These are Proof-of-Stake, Byzantine Fault Tolerant and Verifiable Random Function ) consensus model which make them unique, combing both speed and safety making transactions easier and secure.

Cons