Ontology is a high performance public blockchain that includes distributed ledger and smart contract systems. ONT coin in the native cryptocurrency of this distributed collaboration platform. Ontology enables a decentralized network environment that solves key issues of identity security and data integrity. Data sharing and productive collaboration is maximized by assuring that users can trust one another. An open platform is suitable for implementation in many industries because it allows companies to create a user-friendly environment for their businesses.
What Is Ontology?
ONT was created in 2017 in China. The main function of the ONT framework is enabling businesses to utilize both the private and public blockchain (it does not operate as a single blockchain). ONT coin aims to bridge the digital and the real world in an economy that builds trust. Basically, Ontology has brought about the combination of the real economy and blockchain by harnessing trust management and digital identities.