Ontology

Ontology(ONT)

Ontology is a cross-chain, high-performance, public, multi blockchain ecosystem that focuses on trust and identity. Described by some as the platform of platforms. Ontology developed by the company behind NEO (onchain). The product has a wide range of uses for businesses and entities that require identification and verification. It is going to play an important role in the adaptation of blockchain by businesses.
  • Market Cap
    $817.075.661
  • Price
    $6.6444
  • Category
    Business services
  • Origin
    China
  • Team Size
    25-50
  • Initial Release
    08/01/2018
  • 10-8 High Potential
  • 8-7 Potential
  • 7-6 Considerable
  • 6-5 Risky
  • 5-0 Scam
Satoshi Rating
  • Product Ratings
    7.9
  • Team Ratings
    8.2
  • Execution Ratings
    7.3
Product
  • The need for the product ⓘ

    9
  • Total addressable market size ⓘ

    9
  • Product/market fit ⓘ

    9
  • How is the product compared to existing solutions? ⓘ

    7
  • How difficult is to make the product? ⓘ

    8
  • Could this product scale? ⓘ

    8
About Product
Current trust networks face a variety of issues such as multiple source verification, data monopolization, transparency, verification cost, centralized data exchange, privacy protection, untapped data value, etc.. Trust has such a huge market that many cryptocurrencies focuses on solving these problems. Ontology is planning to provide a system architecture, framework and a set of protocols for all companies and existing crypto assets so they can work together. This cross-chain, cross-system and cross-application platform aiming to be the underlying system for trust.
Team
  • Team's previous experience ⓘ

    8
  • Does the team have a clear vision? ⓘ

    9
  • Is technical team sufficient for building the product? ⓘ

    9
  • Is the team active? ⓘ

    9
  • Is the team size big enough? ⓘ

    9
  • How is the team growth? ⓘ

    8
About Team
Ontology has one of the leading blockchain teams in China. The team has been working together in parent company Onchain. Impressive backgrounds, clear vision of the product.
Execution
  • Could this team get the product into a market? ⓘ

    8
  • Could they do it in time? ⓘ

    8
  • Did they meet previous deadlines? ⓘ

    8
  • Is the marketing strategy sufficient? ⓘ

    7
  • Team’s previous achievements ⓘ

    9
  • Strategic partnerships ⓘ

    8
  • Current market size ⓘ

    5
About Execution
We see Neo, as a blockchain ecosystem. Ontology plays an important role in the future of this ecosystem. Ontology has a policy that is supported by the government, it is backed by a multinational company called Forsun, and some of the most successful VCs are interested in the project.
Editor's note

On the paper, everything looks amazing. The product is necessary, the team has proven itself and some of the strongest players are behind the project. However, compared to what they want to achieve, it is too early to be sure. 2018 Q2 there is going to be a mainnet release and probably use case apps and demos.

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Initial Rating: April 22, 2018

Last modified: June 8, 2018