What Is Ontology (ONT)? – Invest In Blockchain

In order to increase our social scalability as a species, we need peer-to-peer (P2P) solutions to establish trust globally. Ontology and projects like it play an important role by creating a trust layer, allowing businesses and governments to participate in the new smart economy.

The company behind NEO and Ontology (Onchain) is attempting to connect all businesses, governments, and end users on the blockchain with their Distributed Network Architecture (DNA) framework. If they are successful, the DNA framework could become an industry standard for blockchain interoperability.

This vision is supported by both the Chinese government and many of China’s major enterprises. If realized, Ontology and the NEO ecosystem will become some of the most dominant players in smart contract/dapp space.

A previous article predicted NEO would become the #2 market cap by 2020. Ontology plays a large role in whether that prediction pans out.

The Ontology token (ONT) first started trading in March 2018…