Friday March 05, 2021
Bitcoin (BTC) $47,064.00   Ether (ETH) $1,462.53
  • Events
  • News
    • Blockchain Technology
    • Capital Raising
    • Crypto Exchanges
    • Crypto Payments
    • Gaming & Betting
    • Networks & Protocols
    • Security
    • Vendor Technology
    • Wallets
NEWSLETTER SIGNUP
EXCHANGE 300+ COINS
CryptoNinjas
  • Crypto & Blockchain Links
  • Real-Time Market Data
  • Bitcoin ATM Map
  • Token Offerings/Listings
No Result
View All Result
CryptoNinjas
No Result
View All Result
Home Blockchain Technology

NEO and Ontology sign MOU concerning strategy and technology

Published by CryptoNinjas.net
05/14/2018
NEO and Ontology sign MOU concerning strategy and technology

The NEO Foundation and Ontology Foundation announced today the two teams have signed Memorandum of Understanding concerning strategy and technology integration. NEO is dedicated to realizing a distributed network that serves the smart economy.

Ontology is a distributed trust network that focuses on digital identity, data exchange and other trust collaboration scenarios. Both NEO and Ontology share a common technical understanding and vision, and both wish to promote blockchain technology and its applications.

NEO and Ontology together provide compliance-ready, regulatable protocols to global developers. These protocols are supported by NeoVM with exceptional finality and a smart contract system with a robust and stable infrastructure-level network.

As such, the NEO Foundation and the Ontology Foundation have agreed to cooperate on the following:

Key Cooperation Areas:

1. NEO brings a mature and complete smart contract platform as well as distributed network infrastructure services to the table. Ontology will provide digital identity, data exchange services, and other customized services.

2. Smart Contracts: NEO and Ontology will work together to build a smart contract ecosystem, fully support the development and adoption of NeoVM and NeoContract, and collaborate on developing smart contract open standards.

3. Data Integration: Both parties will provide standardized technology interfaces (APIs, SDKs, etc.), and share and communicate development achievements and research results.

4. Cross-chain: Both parties will push forward with cross-chain research, with the eventual goal of producing integrable mainnets.

Shared Resources:

Cooperation will be further facilitated by two initiatives:

1. NEO and Ontology will together set up a joint task force (comprised of representatives from both parties) dedicated to realizing the goals specified above and to moving forward on other relevant projects.

2. Jointly providing funding to relevant research institutions. Funding will be earmarked for academic research dedicated to exploring blockchain technology development, including but not limited to consensus algorithms, encryption algorithms, cross-chain protocols, and formal verification. Other communities, institutions, and individuals that share the same interest in blockchain protocols are more than encouraged to join in these funding initiatives.

6
SHARES
FacebookTwitterLinkedinRedditE-MailTelegram

Related News

Ontology starts crypto liquidity pool on Wing to offer credit-based loans
Networks & Protocols

Ontology starts crypto liquidity pool on Wing to offer credit-based loans

12/10/2020
Ontology, Neo, and Switcheo introduce new interoperability network
Networks & Protocols

Ontology, Neo, and Switcheo introduce new interoperability network

08/18/2020
Ontology releases new decentralized ID solution for DeFi
Networks & Protocols

Ontology releases new decentralized ID solution for DeFi

08/11/2020
Freelancing marketplace MicroWorkers to secure user data with Ontology blockchain
Vendor Technology

Freelancing marketplace MicroWorkers to secure user data with Ontology blockchain

03/03/2020
Bison Trails adds Ontology (ONT) nodes to blockchain infrastructure platform
Vendor Technology

Bison Trails adds Ontology (ONT) nodes to blockchain infrastructure platform

02/17/2020
Load More
Leave Comment

Where to Exchange

Bit2MeLeading Spanish Bitcoin ExchangeVisit
BL3P
European Bitcoin ExchangeVisit
ChangellyExchange & Buy 150+ CryptocurrenciesVisit
itBitAmerica's First Regulated Bitcoin ExchangeVisit
  • Trending
  • Latest
Enjin launching two scaling solutions to remove gas and support NFTs from any blockchain

Enjin launching two scaling solutions to remove gas and support NFTs from any blockchain

03/04/2021
DEX aggregator 1inch integrates Bitquery's API-powered crypto trading data

DEX aggregator 1inch integrates Bitquery’s API-powered crypto trading data

03/02/2021
Creators of crypto wallet Exodus files with SEC to allow purchase of its stock with bitcoin

Creators of crypto wallet Exodus file with SEC for $75M public offering

03/03/2021
CasinoCoin to migrate to XRP Ledger amidst rebranding

CasinoCoin to migrate to XRP Ledger amidst rebranding

03/01/2021
SIMBA Chain expands to Avalanche blockchain enabling low-code smart contract deployment

SIMBA Chain expands to Avalanche blockchain enabling low-code smart contract deployment

03/02/2021
iGaming platform Royale to integrate API3 to verify on-chain crypto-to-fiat price exchange

iGaming platform Royale to integrate API3 to verify on-chain crypto-to-fiat price exchange

03/04/2021
Crypto exchange KuCoin opens beta test on new 3x leveraged BTC and ETH tokens

Crypto exchange KuCoin opens beta test on new 3x leveraged BTC and ETH tokens

03/04/2021
Decentralized cloud Akash Network integrates with Equinix Metal

Decentralized cloud Akash Network integrates with Equinix Metal

03/04/2021
Crypto fund KR1 makes investment in blockchain data protocol LazyLedger

Crypto fund KR1 makes investment in blockchain data protocol LazyLedger

03/04/2021
DeFi yield optimization protocol ETHA Lend closes $1.6M funding round

DeFi yield optimization protocol ETHA Lend closes $1.6M funding round

03/04/2021
  • Home
  • Directory
  • Data
  • About
  • Contact
SUBSCRIBE

© 2016 - 2021 CryptoNinjas Disclosures | Privacy Policy

  • Home
  • Crypto Links
  • Market Data
  • Blockchain Tech
  • Exchanges
  • Capital Raising
  • Vendor Technology
  • Token Offerings/Listings
  • Payments
  • Wallets
  • Bitcoin ATM Map
  • Conferences & Events
  • About
  • Contact

© 2016 - 2021 CryptoNinjas Disclosures | Privacy Policy


Go to mobile version