Ontology Announces Its Newly Forged Partnership With Top Network - Ontology (ONT) News. Wednesday, September 19
Ontology Announces Its Newly Forged Partnership With Top Network
Ontology project has announced it will be partnering with Top Network. The partnership is aimed at improving communication technology through blockchain technology. Since the era of PCs began, the communication technology space has changed and evolved. As improvements continue to happen in this space, Top Network and Ontology want to be the companies spearheading new development to come. In addition to partnering with the development of the new form of communication technology, Ontology has announced it will be investing in Top.
Decentralizing Communication Technology
This strategic cooperation is expected to see the two companies achieve something that has not been witnessed before, a decentralized communication network (ecosystem). According to the post, Ontology will help Top Network in the technology, operations, and ecosystem construction, and will help mutually promote the two companies.
Top’s interest in the communication space is that it wants to create “a distributed communication platform to provide a secure and low-cost communication cloud service for developers.” Currently, developers have to create their own communication stacks and communication networks. This has proven to be expensive, inefficient and has poor security measures. By building a decentralized network, Top will be able to provide developers with a secure, cheap cloud service.
Ontology is expected to provide the underlying blockchain technology to develop the platform, help integrate the technology, provide a data exchange, data identity, high-performance smart contracts, and other services to build an open platform and ecosystem.
This partnership is one that could see the two companies achieve something revolutionary. Communication has for years been centralized and this new take could disrupt the whole industry.
Ontology’s native currency ONT has yet to react to the news and at the time of press is trading at $1.70. This a slight fall of 1.70% in the last 24 hours. Even though this announcement might not show on the price, given the coin is one of the most stable coins, fruitful outcomes from the partnership could send the price rocketing on the future.
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