Blockchain Platform Ontology Groups Up with Spherity to Advance Digital Id Options

Ontology (ONT), a “high-performance” public blockchain community that goals to supply a “distributed belief” platform, introduced on Friday it has joined forces with German decentralized digital identification specialist Spherity to advance digital identification options. The platform reported that the partnership will see the combination of the its blockchain into Spherity’s Cloud-Edge Id Pockets, and can then permit Ontology to make use of Spherity’s “blockchain-agnostic” decentralized digital identification options throughout public and permission blockchains.

“The remit of the partnership may also prolong to the creation of Proof-of-Idea (PoC) pilots round provide chain, mobility, and pharmaceutical verticals, together with joint analysis and advertising initiatives. The first goal of the partnership is to ship enterprise options for cross-border provide chain resilience and transparency.”

Andy Ji, Co-founder of Ontology, said the partnership with Spherity represents an additional expression of intent in the direction of accelerating the event of digital identification protocols, and underlines our dedication to addressing prevalent points related to identification safety and knowledge integrity.

“This partnership offers scope for the exploration of enterprise and product identification, in addition to cross-border provide chain identification use circumstances together with provenance, transparency, and authenticity.” 

Dr. Carsten Stöcker, CEO of Spherity, added:

“The ambition and imaginative and prescient of the Ontology group immediately correlates with Spherity’s personal roadmap, each when it comes to expediting the deployment of blockchain options globally, whereas additionally firmly imbuing the rules of belief and safety in digital identification options. Ontology will present invaluable entry into key Asian markets for our bespoke cloud know-how, and we’re delighted to spice up Ontology’s European presence, given our wealthy historical past of operations in Germany, Switzerland, and Austria.”

The partnership with Spherity comes lower than two weeks after Ontology introduced it has joined the Celo Basis Alliance for Prosperity, which is a mission-aligned community of organizations fostering social affect and monetary inclusion via using blockchain know-how. The Alliance was launched in March 2020 by the Celo Basis, current members embody Andreessen Horowitz, Coinbase Ventures, and B12.