The Ontology blockchain platform was launched by the Chinese based company, Onchain, in 2017. The Ontology platform, similar to Ethereum, is both a cryptocurrency (ONT) and a protocol used to develop decentralised applications (DApps). You can see our full guide on Ontology and Ontology DApps here.
Ontology is targetted towards businesses, allowing them to automate their work process without prior knowledge of the blockchain.
In their words,
“Ontology is a blockchain/distributed ledger network which combines a distributed identity system, distributed data exchange, distributed data collaboration, distributed procedure protocols, distributed communities, distributed attestation, and various industry-specific modules. Together this builds the infrastructure for a peer-to-peer trust network which is cross-chain, cross-system, cross-industry, cross-application, and cross-device.”
Though still in it’s early stages, Ontology’s team is surely making remarkable progress as they have announced partnerships with some big names in the tech industry. The platform has also gained the attention of a few projects which have launched or in the process of launching their DApps on the Ontology blockchain.
This guide discusses some of the best projects utilizing the Ontology protocol to watch out for in 2018.
The Carblock decentralized platform and ecosystem is built to serve the automotive industry. The aim is to make data available for the automobile and transportation industry.
The platform also serves as a marketplace for vehicle data collection. Users who share the information about their vehicles get rewards – the native token which fuels the platform, CAR token. Users are then able to sell/exchange their tokens for other cryptocurrencies or fiat.
The bigger goal is to link up link up modern vehicles with the blockchain which can automatically gather necessary information about the vehicle. In this respect, Carblock is a registered member of the Mobility Open Blockchain Initiative which hosts giant automobile companies such as Renault, Ford, BMW, and others.
In the end, the platform aims to be the go-to spot for data collection for automobile manufacturing companies who in turn use these data to build better cars.
Known as Decentralized Advertising, a new generation digital advertising platform that runs on the blockchain. The platform is accessible to over 500 million users in about 194 countries around the world.
DAD has services most giant platforms like Alibaba, Uber, Baidu, Huobi, OKEx, and a host of others. Since the launch in 2013, the platform has gathered enough data for personalized AI Advertising as well as advertising review and anti-cheat algorithms.
This platform aims to return power back to the users who are the real owners of these data.
Chain of Things
“The Chains Of Things (COT) is a general intelligent hardware infrastructure platform based on multi-chain blockchain technology.”
The platform aims to develop a platform of trusted identification, transaction, interaction, and also support business entities with customization.
The COT platform being built on the ONT blockchain ecosystem is said to be one of the most brilliant co-operations. The ONT which is the base platform takes care of data security, and how these data are linked to users while COT, using IoT devices takes care of the data collection.
Data collected are therefore made available to third parties who will pay for them using the native tokens.
Contentos thrives on developing a top content sharing platform called the Multiple Blockchain Solution Initiatives, which makes content valuable and gives it a monetary value. The platform provides its services to individuals and businesses which are involved in distributed ledger technologies, and also offer contents gathered to third parties for better operation.
Users are therefore able to get paid for their content on the blockchain by people who need them. ONT also provides a platform to validate the right owner of the content using the platform built by Contentos.
The Nurse project being built on the Ontology blockchain ecosystem is said to be a Dapp which will reward nurses for different tasks they carry out. Most importantly, the Dapp digitally identifies each nurse who is registered on the platform, storing relevant data and providing a means to which nurses can be paid using NURS tokens.