Ontology [ONT]  Collaborates with CarBlock To Make Inroads Into Automobile Industry 14309
Sharat Chandra
Jun 13, 2018 at 3:17 AM

Ontology, a new high-performance public multi-chain project, and a distributed trust collaboration platform announced cooperation with CarBlock, the world’s first blockchain-based transportation solution strengthened by working applications. The two organizations will cooperate in core technology, blend business resources, and cooperate in community operations. To complement Ontology’s “real economy” strategy, CarBlock will develop a transport data platform based on blockchain technology and vehicle network intelligent hardware.

Jun Li, Founder of Ontology, said: “We are very pleased to cooperate with CarBlock to connect Ontology’s distributed infrastructure and services to more application scenarios as part of our real economic strategy. Our partnership with CarBlock will ensure effective circulation of transport data, integration of Ontology with the smart transport field, and overall enrichment of the Ontology ecosystem”.

Speaking on the investment, Jia Li, Founder of CarBlock, said: “We recognize Ontology’s technical accomplishments in public chain development, linking resources of ecosystem application partners, and dedicated support from partnering technical teams. CarBlock is the fastest growing blockchain application in the automobile industry with the most abundant industry resources. We will be using our position to promote the Ontology ecosystem and help Ontology provide more diversified industry solutions”.

Last week, Ontology (ONT) and Points (PTS), a blockchain-based credit service network, announced the launch of a technology partnership. Ontology will present PTS with superior-performance underlying blockchain technology, integration with Ontology’s blockchain system, data exchange services, data attestation services, generation and execution of smart contracts, and more. PTS will create an Ontology-based platform to implement various functions such as financial technology products, credit data exchange, credit analysis models, and much more.

CarBlock intends to disrupt marketplace based on vehicle data. Through blockchain technology, intelligent hardware, and other IoT solutions, ownership of vehicle data is restored to car users. Transparency in vehicle data could help automobile industry in building a new smart transport ecosystem.

Image via Medium

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