Why is ontology important in philosophy? Philosophers use the concept of ontology to discuss challenging questions to build theories and models to better understanding the ontological status of the world.
Image credit(and a great article)
Have you ever been to Disneyland? Or perhaps the Epcot center? All of it is a wonderful fairy tale but none of it is real. It was all someone’s thoughts first, now its real. The same was said about cryptocurrencies. Now it's real enough though, right? Remember it all started with only someone's thoughts, now it's real. We were there, it felt real. Oh so real… so very… real? Or someone's thoughts? You decide…
This is Gary the iDC horse speaking on the subject of ontology. So the horse's question is this: The moon ride or a Mars expedition? You choose. I have read all the bios on the team, and bingo! There are currently 40+ members with the Network’s Development Team. Which include but is not limited to:
Co-Founder of Ontology Network Chief Strategy Officer at Onchain
Responsible for Blockchain / DLT of Wanda Group Company.
Serve as deputy secretary general of the MIIT CBD-Forum Premier member of the Hyperledger Project.
Author of the China MIIT Blockchain Whitepaper and related standards.
Blockchain Expert of ISO/IEC TC307 blockchain/DLT. Blockchain Expert of The Chinese Institute of Electronics and China Computer Federation
YingXuan LI
PM & Senior System Engineer Body network
ONT product design and development; DNA / NEO project-related development and maintenance.
Julia Yu
Marketing Manager at Ontology & Onchain marketing experience includes English and Chinese writing, translation, community and social media management, market research, online and offline event planning and execution, project management, and business development. She previously worked in the marketing department at BTCC and currently oversee Ontology’s community, social media, English and Chinese writing and translation, domestic and international offline events, and so on.
Ontology has a current market cap is approx. $877,917,052 USD with 113,637,100 ONT currently in circulation and a total supply of 1,000,000,000 ONT. Currently available on 5 different market exchanges.
Goals to be accomplished include but are not limited to:
Establishing a decentralized trust ecosystem. Create a Human organization with a Z social factor. Bridging a collaboration between both social and economic trust. With separate, secure, blockchains for businesses wanting to transact on a side chain. Their team is encouraging businesses to go on-line with, ONT Block solutions for businesses.
Ontology is working to build a trust based platform performing within the community. There also are many other trust systems in place, such as friends, family, church and or other religious groups, social organizations or club activities, etc. An available example is within the medical services, having the ability to utilize hardware or applications like fitbit as one example for medical research and following patients active lifestyles. Insurance companies can also utilize similar resources to track claims and filings.
Kyle Willson touches on what Ontology is and his view of why it pumped so much during a very bearish market.
You can see this here:
In recent news you can find that on March 30th ONT had launched on GitHub. Available here is “The First Open Letter to the Ontology Technology Community." KuCoin just enabled ONT withrawals on April 3. Ontology began trading on Bitbns, an exchange that helps empowering India as a country and its it's people to access over 27 coins on an exchange that is expressed to be quick and easy access to the coins offered within this exchange. In the open letter, two key elements they explore within are:
Ontology DID (Distributed Identity Framework. ONT ID is a decentralized identity protocol based on ONT ID W3C DID specification which establishes a cryptography-based digital identity for each entity, allowing data authorization and authority autonomy. It makes identity and data assets that users can truly control.
ONTO is an Ontology-based integrated client product, blockchain search engine, and blockchain system entry.
“Founded in 2014, Onchain designs and develop blockchain solutions for businesses. The company envisions large-scale adoption of distributed ledger technology across private and public sector organizations, and has worked steadily to make this goal a reality. Onchain’s Distributed Networks Architecture (DNA), its first major project , focuses on digital asset applications and supports businesses in multiple ways, chiefly by simplifying creation of both private and public blockchains scenarios. Onchain is dedicated to constant improvement, and continuously track innovations in distributed ledger technologies with the aim of enhancing the DNA and developing comprehensive distributed ledger solutions to Enterprise-level challenges. Blockchain is the trust machine. The machine itself must be open and transparent. Based on this idea, Onchain DNA will be open source and will be provided to partners in every industry free of charge.”
The Ontology team recently posted on reddit that no one can extract NEO from the ONT smart contract(as they had not done an ICO), so for users not to send NEO into the ONT smart contract via the "participate in token sale" section that was mistakingly included in the Neon wallet. TheThis issue was announced on March 27th. . Within the next week there should be an update in order to remove such feature. This had been posted about on Twitter also it may have been addressed already. If not, it should be in the near future. If there are any further questions you are also advised to check with NEO’s support channel within its discord.
ONT is available on 6 different exchanges including Binance. Over the past couple weeks I've noticed that even with bitcoin being extremely bearish that ONT has remained in the green and one of the top 5 gainers on Binance over the past week or so. ONT was added to Cheddar mobile ap on March 30th.
ONT has a goal to be a United blockchain for all business types. The biggest vantage point is to establish trust between these businesses. Within its it's own network. On April 4th Ontology announced a Venture Capitol Cooperation set to co-build a Next Generation Chain Network.
Cited from the article linked above:
"Ontology, a new public multi-chain project and a distributed trust collaboration platform, has formally announced cooperation with venture capital firms Sequoia China, Danhua Capital (DHVC), Matrix Partners China, and ZhenFund, co-initiating the Co-Builder Plan. All the participants of the Co-Builder Plan will build, govern and serve the industry ecosystem together. The partnerships aim to explore application development, outreach, and incubation, and together build a new generation of public blockchain infrastructure and a distributed trust ecosystem to support real business applications and scenarios."
About Sequoia China "The Sequoia team helps daring founders build legendary companies. In partnering with Sequoia, companies benefit from their unmatched community and the lessons we have learned over 46 years working with Apple, Cisco, Oracle, Google, Alibaba, Airbnb, and JD.com among many others. As “The Entrepreneurs Behind The Entrepreneurs”, Sequoia China focuses on four sectors: TMT, healthcare, consumer/service, and industrial technology. Over the past 13 years Sequoia have had the privilege of working with more than 500 companies in China." For more information, visit Sequoia.
About DHVC "DHVC is a VC fund that invests primarily in early stage and growth stage company with disruptive technology/business model, big market, and excellent team. The fund’s areas of focus include Artificial Intelligence, AR/VR, Big Data, Blockchain, Enterprise Software and other disruptive technologies. DHVC has a professional investment team with exceptional academic, industry, and investment background. The founding team has been working together for over 10 years. They bring together a unique combination of education/research/entrepreneurship/capital market, extensive network in both Silicon Valley and China, and in-depth knowledge in cutting-edge technologies. Backed by top-notch institutional and strategic partners, DHVC aims to provide startup companies with a wide range of resources to achieve greater success on a global scale. "
About Matrix Partners China "Matrix Partners China is committed to building long-term relationships with outstanding entrepreneurs and helping them build significant, industry-leading companies.Affiliated with Matrix Partners, a premier U.S. venture capital firm, Matrix Partners China was founded in 2008 to focus exclusively on investments in China."
Vincent Briatore touched on ONT a while back on his YouTube channel, you can find his view and report on Ontology. When we looked into his report on ONT being the highest gainer over 7 days, we found for ourselves that it had an increase of approximately 98% over the period of three days from the 25th up until the 28th of March.
Please take a few moments of your time to check out our tradingview chart. Thank you for your time and we hope this report we have prepared for you has helped you with any questions or our comments assist you in your understanding as well.
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i`m going to invest on the dip :)
Why does a digital identity system need a token?
Perhaps that is the question that brings it down to the "optimal accumulation zone" I talk about in the technical analysis :) -@MyEmpireOfShit
Congratulation idcinc! Your post has appeared on the hot page after 32min with 17 votes.
Thanks a lot @idcinc for post the article. it is very helpful for crypto lover
Ontology is really the private/corporate addition to the NEO public blockchain, I think it's highly possible that it continue to grow in price to reach half the price or more of NEO.
gratz to those of you that signed up for the news letter!
I so agree with you about Ontology . it is a really good project and we could see good potential in this in the future. more and more people will be investing. I got into this project when it first came on the market. Glad I did, anyways good work on the article, I enjoyed the whole moment on this, and learned so much,. keep up the amazing work and i am going to share this article for you as well, sincerely JR
Seems nice. Gonna search more about ontology.
I really like what onotology is trying to achieve as for how they going to do it i have my doubts, creating trust based on alogrithmic validations is an admirable undertaking and something we need in blockchain technology but it also sends a message that blockchain is an untrusted source for finance and anyone who doesnt run a regulatory script on its blockchain is potentially at risk of losing out to NEO in combination with onotology
Personally, I disagree that it sends that message. Quite the contrary, in my opinion, as they are trying to bring finance to the blockchain as much as possible, essentially. Sure, every crypto is at risk of losing out to other cryptos that provide more value to the ecosystem. If it doesn't serve much of a purpose beyond being traded for gains, it will likely eventually die. But coins like this, PIVX, aELF, PINK, VIBE, and ION will likely thrive in they long run as they all have a real purpose. Thanks for your comment though. -@MyEmpireOfShit
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