Blockchain Platform Ontology and Bitcoin Suisse to Strengthen European and Asian Digital Asset and DLT Ecosystems

Ontology (ONT), a “high-performance” enterprise blockchain platform developed in 2017 by a Chinese language agency referred to as OnChain, which is headed by Erik Zhang and Da HongFei, the builders of the NEO Blockchain (which was initially used to launch Ontology), has confirmed that it is going to be working cooperatively with Switzerland’s crypto-financial service supplier, Bitcoin Suisse.

As talked about in a launch shared with CI, Ontology’s ONTO pockets will assist the CryptoFranc (XCHF) stablecoin, which can permit customers to ship and obtain XCHF cash through the ONTO pockets utility, whereas having the ability to securely handle their digital identification.

The ONT token is obtainable through Bitcoin Suisse’s digital platform, which gives 24/7 buying and selling throughout the digital asset sector’s main exchanges, globally.

As famous within the announcement:

“[The collaboration] opens up avenues for different mutually-beneficial, cross-market collaborations between Ontology and Bitcoin Suisse, with a specific concentrate on Asia and Europe.”

Armin Schmid, CEO at Swiss Crypto Tokens, acknowledged:

“Within the midst of this part of worldwide monetary turmoil and uncertainty, each institutional and retail buyers are more and more being drawn to secure haven currencies such because the Swiss Franc. I’m happy that customers of the ONTO pockets can now entry the CryptoFranc and use it wherever that XCHF is accepted.”

Ontology not too long ago partnered with Venezuela Blockchain and German decentralized digital identification specialist Spherity.

Ontology’s native ONT token was not too long ago listed on large social buying and selling platform, eToroX and Bitpanda. The corporate stated it’s planning to determine an workplace in Berlin within the coming months.

It has dedicated to a Memorandum of Understanding (MOU) with Berlin’s Hochschule für Technik und Wirtschaft (HTW) College. Per the MoU, each organizations will interact in analysis and educating initiatives, with a purpose to additional the event of decentralized or blockchain-powered functions.

Andy Ji, co-founder of Ontology, remarked:

“The significance of secure haven currencies has by no means been extra pronounced, and we’re very excited to increase the attain of the CryptoFranc stablecoin (XCHF) to our various neighborhood of customers.”

In a current interview with CI, Ontology co-founder Jun Li acknowledged:

“In 2019, we introduced that Ontology is business-ready. We’re happy to report that greater than 80 use instances have been efficiently launched. We’ve got current use instances in 2020 together with decentralized finance (DeFi), decentralized functions (dApps), information collaboration, and copyright safety just like the cooperation with OGQ.”

He added that the principle use instances could be: Information Possession Redistribution, Stablecoins and Digital Currencies, Blockchain within the Automotive Business.