Tag: Ontology

OKX wallet and ontology bridge merge for web3

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied On May 18, 2023, the web3 technology firm OKX, the second-largest cryptocurrency platform in terms of trading volume, issued a statement, a development for the cryptocurrency community. OKX Wallet, a self-custodial and decentralized wallet solution driven by advanced multi-party computation (MPC) technology, has struck an agreement with Ontology Bridge. This partnership will allow both companies to share resources and expertise. Through this partnership, the accessibility of the web3 ecosystem is going to undergo a fundamental transformation.…

Ontology and bloXmove to bring decentralized identity to urban transport apps

Ontology, a developer of self-sovereign identification systems on the blockchain, announced a partnership with decentralized mobility platform bloXmove on Tuesday morning in a bid to accelerate the development of its decentralized credentials. The decentralized digital identity protocol, or DID, will enable blockchain participants to share their personal information, such as a driver’s license, in a private, secured, and encrypted manner. DIDs may one day be required for complex decentralized finance applications, such as urban transport apps, decentralized health insurance, or decentralized car insurance. Simple smart contracts would not suffice in processing,…

Waves Enterprise partners with Ontology to fix blockchain e-voting

boss

Waves Enterprise, a major technology company specializing in blockchain-based solutions for businesses and governments, has inked a new partner to streamline its e-voting service. According to a Dec. 16 announcement, Waves Enterprise has signed a memorandum of understanding with blockchain platform Ontology to integrate decentralized identification tools into the Waves Enterprise e-voting system. As part of the partnership, Waves Enterprise and Ontology aim to solve one of the biggest challenges of digital voting — user authentication and identification. The companies specifically plan to apply Ontology’s new decentralized identity solution known…

Blockchain Company Ontology Cut Deal With Daimler To Leverage High-Performance Technologies and Transform the Driving Experience

boss

The well-known high performance, open-source blockchain specializing in digital identity Ontology, is partnering with the Daimler Mobility AG Blockchain Factory, which was set up to bring the benefits of blockchain innovations and applications to the automotive finance and mobility industry. The aim is to transform the experience of drivers all over the world The two companies have joined forces to develop a product they are calling MoveX, a first-of-its-kind blockchain-based mobility platform for the automotive and mobility industry. Utilizing ONT ID, Ontology’s decentralized identity framework, MoveX will empower user roaming,…

Binance Supports Ontology Upgrade, Stops Deposit of NEP5 ONT Tokens

boss

Binance, one of the world’s biggest crypto exchanges, has announced on July 5 that it will support the upcoming Ontology 2.0 network upgrade. Ontology 2.0 will include the integration of a number of community-led upgrades to its MainNet. Binance says that it will end support of Neo Enhancement Protocol 5-based, or NEP5, ONT tokens deposits. Any future deposits of NEP5 ONT will not be credited to users’ Binance account, it indicates. Deposits and withdrawals of ONT will be stopped starting July 6 at 9 a.m. UTC. Users will be notified when…

Ontology Partners With German Startup to Accelerate Supply Chain Identity Solutions

boss

Ontology recently partnered with German digital identity and cloud wallet provider, Spherity, to collaborate on expediting development on digital identity solutions for products and enterprises. The partnership will see Spherity’s Cloud-Edge wallet integrate with Ontology’s (ONT) blockchain, and allow Ontology to use Spheriy’s Decentralized Digital Identity solutions. The two firms will work together on creating proof-of-concept pilots demonstrating applications for digital identity within the context of supply chain, mobility, and pharmaceuticals — leveraging Spherity’s existing customer base. Ontology and Spherity will also collaborate on research and marketing initiatives. Identity solutions…

250M Pieces of Digital Content to Be Copyrighted on Ontology Blockchain

boss

Blockchain platform Ontology announced a partnership with social creator platform OGQ to use the Ontology blockchain to ensure copyright protection for content created through the platform. OGQ allows users to upload and sell unique digital content including emojis, memes, fonts, music, and videos. The partnership will see 250 million instances of digital content being uploaded to the Ontology blockchain. Ontology partners with social creators on copyright Since launching in 2011, OGQ has attracted 14 million creators who have uploaded 54 million pieces of digital content to the platform. Digital assets…

Ontology Becomes First Project to Be Part of BiboxEurope’s Initiative to Provide Fiat Trading Capability to Quality Blockchain Projects

boss

BiboxEurope recently announced a new program to provide fiat trading capabilities for quality blockchain projects across the world. Now, the Swiss-based digital asset platform has selected the very first project in the form of Ontology to be listed under this initiative. According to BiboxEurope announcement, the listing of Ontology’s token – ONT goes live today following which users on the platform can start trading it against EUR and CHF on October 31. The platform states that the initiative to offer fiat trading capabilities to deserving blockchain projects was designed to…

Ontology to Launch Regulated USD-Backed Stablecoin PAX on its Blockchain

boss

Enterprise blockchain platform Ontology (ONT) plans to launch a version of the regulated USD-backed stablecoin Paxos Standard (PAX) on its own blockchain. The company announced the news in a press release published on April 27. Per the release, the new token (PAXO) will be based on Ontology’s OEP-4 token standard, which will enable atomic swaps between the Ontology-based main blockchain and other blockchains. This feature reportedly aims to make it easier for institutions and individuals to do business in fiat terms in the Ontology ecosystem. The company claims that PAX…

Neo’s Next Act? $700 Million Crypto Ontology Is About to Go Live

boss

If all goes well, $700 million worth of cryptocurrency is about to find a new home. That’s because Shanghai-based Ontology, a project closely tied to the “smart economy” blockchain Neo, is expected to launch its live blockchain on June 30, a step that will find one of the top 20 crypto assets finally releasing its proprietary technology. Described as an enterprise-focused platform, Ontology is seeking to provide a high volume of fast and cheap transactions, all while helping businesses grapple with the thorny problems of interoperability and digital identity. As…