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Ibadan
3 Level
97 Review
16 Karma

Review on Ontology by Flourish Titilope (Abesther)

Revainrating 5 out of 5

Ontology, a Blockchain for Decentralized Data

Ontology is a general open source blockchain that specializes in decentralized identity and statistics. Logs for Speed, Security and Implementation Ontology is a brand-new high-performance public chain project and payment collaboration platform that provides a new high-performance public chain composed of a series of smart ledgers and transaction structures. Ontology is a blockchain framework that supports public blockchain structures and can adjust unique public blockchains for applications. In addition, it also supports collaboration with multiple protocol groups. The underlying infrastructure modules for unique payment scenarios, including modules related to virtual identity platforms, commercial projects, and payment statistics. The ontology was funded and created by the Chinese organization OnChain in 2017, led by founders Eric Zhang and Da. Hongfei. A huge success in the cryptocurrency industry, because there is also the founder of the NEO blockchain, the project is now a multi-million dollar project. Basically, the creation of Ontology is to allow companies of all sizes to enter the blockchain era within their organizations without having to absolutely change everything in their modern structure, because this era allows companies to take advantage of all possibilities. Public and non-public blockchains. Every statistical transaction is presented in a decentralized environment, which means that no one or authority can take over the management of the network.

Pros
  • Data Extraction
  • Perfect domain modelling
Cons
  • High risk