#Ontology (#ONT ) is a #blockchain #network that aims to provide a decentralized trust infrastructure for various industries and businesses. It specializes in trust, identity, data exchange, and authorization solutions to allow companies to develop and implement blockchain solutions into their business models without requiring expertise in the field.
The Ontology network is made up of various distributed services such as data exchange, data collaboration, and digital identity, forming a peer-to-peer trust network that is adaptable to different business models, applications, and devices for cross-compatibility.
To address the barriers that exist in establishing trust, Ontology offers a hyper-converged collection of distributed ledgers called the Ontology Chain Group, which acts as a business's personal blockchain network that can be fully customized to meet their unique needs. The Ontology Distributed Ledger provides basic services such as entity authentication, data exchange protocols, and identity management to facilitate business collaborations.
Ontology's protocols provide compatibility, #Data exchange, and trust across different industries, systems, and devices without requiring blockchain expertise. The suite of distributed services within the distributed ledger takes care of identification, trust, and consensus to provide a technological framework that businesses can leverage to become decentralized, offering a higher level of performance, security, and trust.