A recent press release reports, “Today Ontology, a new high-performance public multi-chain project and a distributed trust collaboration platform, officially announced its strategic cooperation with BDN (Business Data Network), a business data network based on blockchain technology. Both parties will focus on production logistics, new retail, offline business, and other fields, and co-build a distributed trust ecosystem in business. BDN will airdrop to Ontology certified data providers, data consumers, and data producers, promote product services together with Ontology, introduce data sources for Ontology’s ecosystem, and support the DDXF data exchange protocol. BDN has been using technologies like the IoT, big data, and so on to upgrade and transform production, circulation, and sales of real businesses, and is committed to explore more cutting-edge technologies to improve the efficiency of business behaviors. This cooperation will bring BDN more blockchain application scenarios and distributed network technology.”
The release goes on, “Under Ontology’s real economy strategy, Ontology’s chain network model can be closely connected with BDN’s data collection and analysis, data value circulation, and trading systems. This will ensure highly efficient circulation amongst businesses, individuals, and data integrators, as well as massive trusted data collection, reliable transactions, all with connection of people, assets, objects, and affairs in each step of business. This will break data islands and drive data-driven market growth. At the same time, BDN has rich practical experience in business, especially in offline business scenario exploration, and deep accumulation in retail, big data processing, mining, smart hardware, and IoT, which will bring more opportunities and space for Ontology’s real life applications. The cooperation between Ontology and BDN will accelerate the application and innovation of blockchain technology and distributed trust systems in commerce and integrate the new ecosystem of blockchain, business, and value circulation.”
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Photo credit: Ontology