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“TRUST Redefined” Explained by Ontology’s Founder
The Ontology Korea Media Conference was held on August 30th in Gangnam District, Seoul. This invitation-only event is co-organized by Block72, a leading Korean blockchain consulting firm, and Standard Tokenization Protocol, a decentralized network for asset tokenization.
Li Jun, Founder of Ontology, attended the media conference and elaborated on what makes Ontology a new generation public blockchain and a distributed trust platform from the angles of performance, business needs, digital economy and the real economy.
Li Jun explained that “what the traditional Internet offers is centralized trust under which users’ data ownership is unclear. Centralized trust is based on third-party service providers, thus lacking openness and transparency. As a result, users’ data is likely to be abused without their permission or knowledge.
“On the contrary, the Ontology trust network framework enables multi-dimensional decentralized trust, including technical, legal and social trust. To address the issues above, we hereby present our new vision —— “TRUST Redefined.”
In response to the questions from the press at the media conference, the Ontology team further explained that ‘TRUST Redefined” covers three aspects. First, technology-wise, Ontology has released sharding, cross-chain, DDXF (distributed data exchange framework) and other core technologies, and has launched the TestNet for global developers.
Product-wise, Ontology has released ONTO 2.0, its comprehensive wallet client, which integrates its decentralized identity framework ONT ID, dApps, and wallet all in one, thus achieving the strategic goal of “Ready for all Businesses.”
Third, by integrating its technology into various business scenarios, Ontology is able to bring wide adoption of its technologies, which will further promote the decentralization of traditional industries. In Ontology’s open and trust ecosystem, with the Ontology communities covering 19 languages, our partners can receive technical, product and ...
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