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Posted: December 18, 2017 by Tyler Swope

http://Ontology%20Network%20NEO--Distributed%20Trust%20and%20Identification

Ontology Network NEO–Distributed Trust and Identification



Click Here For Ontology Telegram!
https://ont.io/#/home

What is Ontology?

Ontology Network NEO is a blockchain based and a distributed ledger network that combines distributed identity verification, data collaboration, procedures, protocols, data exchanges, attestation, communities and various industry-specific modules, found online on ont.io, the Ontology network wants to build infrastructure for a P2P trust network which is cross-system, cross-application, cross-chain, cross-device, and cross-industry.

Problems

The problems that Ontology network neo wants to solve

There are problems in the current trust networks. The current network faces issues that make them unavailable to everyone. Some of the problems that Ontology network wants to solve include:

Ineffective identity authentication
Poor privacy protection
Untapped data value
Data management monopolization
Data rights management
Weak reputation systems
Trustless in collaborative systems
Data exchange security issues and much more.
Ontology network features

Components of Ontology

The Ontology network neo has a future built on trust. Some of the features that can be found on the ontology network include:

Multi-source identity system for people; Users can manage and collect their identity data from various sources including banks, businesses, institutions, colleagues, friends, banks and family.

Multi-source identity system for objects: Users can register digital identities of physical objects into the distributed network under supervisions of the product producers and product owners.

Distributed data exchange: Ontology has a distributed data exchange system for all data, but only with the consent of the owner. The data can be discovered and traded whilst meeting all the privacy requirements of the data owners and producers.

Distributed collaboration: Transparent authorities, activity, and participants create an ideal collaborative environment

Distributed equity management: The distributed equity management systems provide a safer circulation of multi-party and data evaluation.

Distributed community management: The distributed community system also allows for easy moderation of content and users

Distributed reputation system: The distributed reputation management system uses other data such as past activity to evaluate participants in the network.

Distributed financial services: The Ontology Network will help build a stronger credit record that allows individuals receive fairer rates from financial institutions.

More scenarios: Users can use the network for payments and purchase, software development, media, insurance, product database, government systems, manufacturing standards, healthcare and much more.

Ontology Network NEO system

The Ontology network neo vision is to integrate and diverse distributed trust network. It wants to provide the tools for building a trust ecosystem. To do so, it incorporates multiple trust types into one integrated protocol system. Using the system, they plan to build a decentralized system that suits their operation.

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