Review on Ontology by francis fernandez
ONTOLOGY: an intelligent verification blockchain
Ontology is a public blockchain platform that aims to solve everyday security problems; guaranteeing the precision, consistency and validity of the identification data and ensuring its integrity.
This platform is extremely useful in daily life. Hence the importance of its use.
What are the utilities of Ontology?
* They provide a useful tool to organizations by combining blockchain technology with the security of their data in a platform.
* Its ONT ID technology allows you to establish security profiles using a private key that is stored in the cloud or on a smart phone.
* It offers a non-falsifiable identity verification service, thanks to the use of its specialized protocol and the latest technology.
* It is a widely flexible platform that can be used to build other blockchains on top of your main blockchain. This is one of the advantages it offers to organizations. It does not limit its users to choose one in particular but rather to select from the blockchain that meets their needs.
* Offers the possibility of developing smart contracts used to contribute to organizational efficiency.
* Allows data tokenization, which serves to track the information and ensure that it was stored in the blockchain.
Pros
- Represents a useful tool for companies, by providing data and identity verification mechanisms.
- Provides the opportunity to create smart contracts in organizations to optimize their performance.
- Allows data transfer and monetary transactions without the intervention of third parties (banks, insurance institutions, public bodies, among others).
- It has a team of experts dedicated to the development and optimization of your project.
Cons
- It is mostly aimed at solving particular identification and data security problems, ignoring other fields of application.
