Cross-chain blockchain for trust and identity

Advantages

• Strong team (ex NEO / OnChain)
• Strong vision to be the global foundational infrastructure of a trust ecosystem
• Cross-chain interoperability support
• Strong product roadmap across multiple industries (Health care, government administration, insurance, internet of things, asset management, copyright protection, public welfare, financial services)

What is it?

• Ontology Network is a Cross-chain trust and identity blockchain
• It incorporates multiple trust types in an integrated protocol system with various blockchains and databases.
• Multi-source identities and multi-source data exchange protocols have been implemented into the network, building a distributed trust system that is cross-chain, cross-industry, cross-system, cross-application and cross-device
• Ontology Network aims to develop its trust ecosystem through partnerships to provide distributed services including: distributed communities, data verification, data exchange and credit across industries

What problems does it solve?

Existing Identity & Trust Technology

• Inaccurate identity verfication
• Emergence of new sources of trust
• Identifying false information
• Weak encryption systems
• Fragmented sources of trust

Existing Security In Trust Technology

• Security issues in IOT identity management

Existing Data Management In Trust Technology

• Data management monopolisation
• Data fragmentation

Core technology

• Decentralised identity verification (Multi-factor authentication, Entity registration and authorisation, Procedure protocols, Data attestation)
• Data exchange (Peer to peer data transmission, data authorisation mechanisms, copyright protection of data, distributed data storage)
• Data directory
• Ontology marketplace
• GlobalDB
• HydraDAO
• Ortorand consensus engine

Use Cases

Identity blockchain for people

• Users can collect and manage their own identity data from various sources including public institutions, banks, businesses, family colleagues and friends

Identity blockchain for objects

• Users can register digital identities of physical objects into the distributed network. Each object has its own API and can interact with other digital identity holders

Distributed data exchange

• Ontology network provides a data exchange for users to exchange their data (e.g. with hospitals and banks)

Online communities

• Ontology network provides the framework for communities to run in a decentralised system

Distributed reputation system

• Ontology network calculates local and global trust levels according to modifiable criteria

Decentralised inclusive financial services

• Ontology network helps businesses and individuals to become active managers of their data. With multi-source data coordination, individuals can easily apply for financial services at fairer interest rates

Valuation

• Current cap: ?
• Potential cap: $1bn - $10bn by 2019

Summary

• Ontology network is a very high quality cross-chain blockchain
• Ontology has the potential to hit $1bn - $10bn circulating marketing capitalisation by 2019.

Telegram

• http://t.me/OntologyNetwork