What is Ontology?

Ontology is a Blockchain-as-a-Service (BaaS). It helps businesses to move their systems to the blockchain. What’s more, the platform is available for the companies not familiar with blockchain technology.

Ontology

It’s important to notice that Ontology doesn’t represent a single blockchain, but rather a network of blockchains, operating in a way similar to decentralized cloud storage. The platform has two native currencies: ONT and ONG.

Ontology –competition for Ethereum and NEO?

What exactly do these platforms have in common?

Well, for starters, both are Chinese companies created by the same individuals. Just like Ethereum, NEO and Ontology are designed as smart contract platforms that host decentralized applications.

Despite using separate ledgers, the platform is still using the NEO virtual machine for executing smart contracts. Furthermore, it works in a close collaboration with NEO.

But how do these platforms differ? The thing is that with Ethereum and NEO businesses lose control over their data. Obviously, this makes them hesitant to include blockchain in their ecosystem. And this is where Ontology can help.

Who is the team?

ontology team

Ontology’s team is well known in the blockchain space. The founder is Jun Li who has extensive experience in IT and Fintech. Also, Dei Hongfei (CEO) and Erik Zhang (CTO) coufounded Onchain, the company behind Ontology and NEO.

Ontology airdrop and bounty program

The platform has an active bounty reward program. Moreover, recently Ontology conducted an airdrop, giving away 50,000,000 TOP to its community. Moreover, unlimited ONG tokens are available for various technical tasks such as:

  • finding security vulnerability
  • creating video tutorials
  • re-architecturing documentation, etc.

To stay updated about Ontology airdrops, subscribe to our newsletter. Also, on our website, you can find a step-by-step guide on how to join the airdrop.

Conclusion

With its high-skilled, experienced team and excellent partnerships in the industry, we can say that the company has a bright future ahead. Finally, we can hope that Ontology is about to bridge the gap between blockchain technology and the real world.

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