NEO and Ontology Announce “Joint Task Force”

The task force will focus on developing “a sharing ecosystem

of smart [contracts], building open standards for smart [contracts],

and cross-chain technology innovation.”

According to a recent post from NEO,

the Joint Task Force was funded with a total of RMB 4 million,

or approximately $627,180 USD in capital,

and will be comprised of a total of ten or more developers.

Developers will be from NEO’s Global Development division

and the Ontology Foundation and “some selected community members.”

Within the next six months, the Joint Task Force is hoping to

achieve several different tasks including “[exploring] and [realizing]

multiple use-cases of crypto-algorithms on blockchain“ and making

the “Neo & Ontology networks more friendly to end-users.”

The task force will also be reconvening on a regular basis

in the future in order “to explore and seek more cooperation

on the development of blockchain protocol…and application.”

CHEERS