Ontology had announced the launch of ecosystem accelerator, Ontology Olympus Accelerator (OOA) in early June. Released in the cryptocurrency market in March 2018, the high-performance public multi-chain and a distributed trust collaboration platform Ontology has already made it to the top-20 cryptocurrencies in the world. (As per coinmarketcap.com, 20th June 2018) The program summons product experts and technology from different fields to join hands in entrepreneurship and develop various business applications. These applications will be based on Ontology’s new public chain infrastructure that will help in creating an open source, collaborative distributed trust ecosystem. The Ontology Olympus Accelerator program has been structured to support all technical, funding, marketing, and legal works. The Ontology Foundation has decided to invest 1.5 billion USD worth of tokens approximately. These tokens will be used to support the teams selected and the existing start-ups.
Ontology Olympus Accelerator will facilitate custom business chain development, blockchain-based general hardware service platforms, collaboration with industry partners from different sectors, ecosystem community collaboration, Ontology user system collaboration and so on. Apart from these, OOA will add more ecosystem incubation depending on the requirements of the ecosystem. Ontology Advisors Group (OAG) has been created to offer different strategies and provide proper guidance for the Ontology ecosystem. Ontology Global Capital (OGC) has been created to provide support through funds. The project that will receive funds will be decided by a top blockchain ecosystem investment team. It is expected that Ontology will bring out the Ontology Olympus Accelerator details in July.
“Building the trust ecosystem goes hand in hand with the technology, applications, and governance of Ontology. This is nevertheless a huge and arduous task. We decided to launch the Ontology Olympus Accelerator precisely to develop the Ontology trust ecosystem and accomplish its goals. We hope with this accelerator program that more talent and applications can be added to the Ontology ecosystem, integrating technical elites internationally and the technical strengths of various partners to jointly build our cross-chain, -system, -industry, -application, and-terminal distributed trust ecosystem.”
- Jun Li, founder of Ontology (ONT)
Partnership between Ontology (ONT) and CarBlock (CAR) Transport System
With the help of Ontology chain network model CarBlock will build a blockchain-based transport data platform. The collaboration will be between intelligent vehicle hardware and the technology behind Ontology. The upcoming months will be crucial as to what will be the output of this partnership. CarBlock will have the function of developing the platform that will store transport data depending on the information relayed by the blockchain technologies provided by Ontology and CarBlock. The chain network system of Ontology and the Internet of Things capabilities of the CarBlock ecosystem are crucial in this project.
The use of the distributed ledger technology in the transport system has the capability of rejuvenating the US automotive industry. Even though the industry amounts to nearly $1 trillion USD, it is facing stiff competition from markets of other countries. Ontology has had a big part in this latest venture of CarBlock as per its founder’s opinion. On the part of the Ontology network, it is another step towards collaborating blockchain technology with real economic strategy. In Jun Li’s words, “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.” It should be remembered that the ultimate goal of Ontology is to create a global ecosystem that will ensure a secure and trusted economic system.
Partnership between Ontology (ONT) and Contentos
Ontology (ONT) and Contentos has grabbed the attention of the content industry with their recent partnership announcement. They will join heads to work on two projects that will aim at blockchain research, developing applications as well as community building. The technology of Ontology Global Capital will redefine the content industry by investing in Contentos. The first joint project has been named as “Multiple Blockchain Solution Initiatives”. It will be focused on integrating digital content industry with the physical world such that it will meet the need for better cooperation opportunities and service experiences within the society. The objective is to establish a bond between the distributed digital systems and physical businesses and how it will be incorporated in various industries. The focus is also on creating a simplified system such that anyone can enjoy the benefits.
“Broad Cooperation in Blockchain Development” is the second project that will further the decentralization of the content process. The focus of both the teams (Ontology and Contentos) is on taking an open-minded approach when building their blockchain, and in the process, eliminate the ongoing competition among public chains trying to differentiate themselves from each other.
During the Q1 phase and its remnant effects in the early Q2 phase of 2018, Ontology (ONT) was one of the rare crypto coins that managed to maintain an overall bullish trend. The price of ONT at the time of writing, as per coinmarketcap.com, shows approximately $6.52 USD. The market cap of ONT is nearly $986,558,117 USD while the volume (24h) is over $102,775,000 USD. (As of 20th June 2018)
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Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.
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Reasons Why 2019 May Be A Great Year For Crypto
The new year was always considered to be a time of new beginnings, where people can reflect on the past and learn from their mistakes in order to be better in the future. The same is true for the world of crypto, and investors around the world are hoping for 2019 to be better, more profitable, and to have more success than 2018.
The hope for the future is even more important when we consider all the negative development in 2018. There were numerous high-profile hacking attacks, two market crashes, with a strong bear market in between. Not to mention that some of the biggest projects that may have brightened the year a bit ended up being delayed.
With that in mind, it is understandable why investors are looking forward to the new year and all the potential development that it may bring. In fact, there are several reasons why they should be excited about 2019.
1) Bearish market to loosen its grip
The first reason why 2019 can be a good year digital currencies is that it may finally break free of the bearish grip that has been felt ever since last January. Following the first market crash, the bears settled in, and the prices kept falling for an entire year. The market attempted to shake off the negativity on several occasions, with the biggest one being…
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2018 has been a pretty bad year for digital coins, and after the initial market crash that occurred a year ago, everyone was expecting a bull run that will fix things. Obviously, it never arrived, and instead of that, all that crypto market experienced was an entire bearish year and another crash in mid-November.
Now, however, it is a brand new year, and attempts to shake off the bears’ grip can be seen even in these first two weeks. The market is still struggling and mostly losing value, rather than gaining, with most coins being in trouble once more. Still, a lot can happen in a year, and most investors remain optimistic regarding 2019. Here are some of the coins that are believed to have tremendous potential, and to be the hope of this year.
Of course, Bitcoin comes first. This is the first cryptocurrency which is still dominating the market, with no other coin being even close to its market cap or price. BTC is the coin that has reached the most prominent heights, and it also lost the most in the previous year. However, there is still hope, as there are several projects and events scheduled for this year that might turn things around for the number one coin.
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The next several years, altcoins started appearing, and the voice of cryptocurrency slowly started to spread. Then, there was a period of hype, when crypto exploded, and the entire world finally learned about this new technology that promised to change the world. Naturally, the overhype led to a market crash and price correction that we experienced last year, but the impact was made, and the world is still talking about them on a daily basis.
However, now is the time for cryptos to deliver on their promise, grow up, and start showing results. There are high expectations for many projects, but for various reasons, they have yet to deliver, and many are hoping that 2019 will be the year when they finally do it. Let’s see which 3 crypto projects really need to show results, and soon.
1) Ethereum (ETH)
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