TMCnet News
China's Leading Blockchain Giants Come together to Accelerate Next-gen Internet: NEO and Ontology to Leverage Respective Strengths to Build an Open Cross-chain PlatformSHANGHAI, July 18, 2019 /PRNewswire/ -- Today, during a town hall meeting, China's leading public blockchain projects NEO and Ontology announced a partnership to build an open cross-chain platform and establish the foundation for next-gen Internet. As a new era of blockchain adoption approaches, the partnership will facilitate the industry's accelerated growth by leveraging both parties' strengths to introduce an efficient and inclusive interoperability protocol. Based on both parties' leading positions, this partnership marks an industry-wide milestone. To fully deploy the capabilities of interoperability protocols, NEO and Ontology will recalibrate their respective strategic focuses to fully utilizing interoperability protocols. As such, NEO will focus on developing protocols and components to support a full spectrum of digital assets, while Ontology will continue to build a future-proofed, decentralized identity framework. This groundbreaking interoperability protocol includes key features such as:
Li Jun, Founder of Ontology, noted that, "By building an open and global cross-chain system, NEO and Ontology will promote cross-chain value exchange as well as business collaboration to establish the foundational infrastructure for next-gen Internet. By continuously bolstering our technology and community, we aim to accelerate the development of blockchain applications for various industries to deliver diverse real-use cases." As NEO and Ontology move to deepen their cooperation, both parties look to usher in a new era of blockchain development through their industry-first partnership. Moving forward, a white paper regarding the interoperability solution will be released in Q3 before the platform goes live in Q4. As the platform develops, both parties are pioneering a collaborative approach towards realizing next-gen Internet as part of their smart economy vision. SOURCE Ontology |