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Ontology Partners With SenseTime - Blockchain Fusing With AI To Improve Identification - Ontology (ONT) News. Saturday, September 29

29 september 2018, 13:11 by John Kiguru

Ontology Partners With SenseTime; Blockchain Fusing With AI To Improve Identification

Blockchain technology and AI (Artificial Intelligence) are two of the latest and most advanced technologies. It has been proven that the two can harmoniously work together and the results have been convincing. In an effort to improve its system, Ontology has announced its partnership with the world’s highest-valued AI startup, SenseTime. The AI startup will help Ontology network with various types of verification services, computerization, and AI technology support.

SenseTime is currently the largest AI algorithm provider in China having worked with over 700 mainstream companies. Their vast experience and skills will come in handy for Ontology. For starters, the AI startup will provide Ontology with SenseID identity verification and SenseOCR general text recognition. This will make the network more secure and ensure the authenticity of users within the network. When all services are integrated to the Ontology network it will additionally promote Ontology’s distributed trust ecosystem and increase speed for users.

Ontology’s founder LI Jun speaking about the partnership pointed out the endless possibility of interconnecting and integrating blockchain technology to AI.

“Ontology is honored to cooperate with a world-leading artificial intelligence enterprise such as SenseTime. It is an innovative attempt at blockchain and AI, which will bring faster and more effective verification services.”

Ontology Price Analysis; Price Shoots Above $2.00

Today, September 28, Ontology is soaring. At the time of press, it is trading at $2.01, up by nearly 8%. The market has received the news of the partnership well and finally, the coin has recovered. The coin slipped below $2.00 at the start of the week and it has been struggling to get above this support level. The weekend is mostly unpredictable and prices often experience rapid changes, this means we could see the coin go even higher than this.

Ontology is a Shanghai-based project founded by Erik Zhang and Da HongFei (also founders of NEO) aiming to help small business adapt blockchain technology.

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