Ontology to Open Research Institute

Dean of the institute is senior blockchain and cryptography expert Dr. Mao Xianping 
08 November 2018   495

Popular cryptocurrency project Ontology announced the launch of a new research initiative called the Ontology Research Institute.

The purpose of the research institute is to work with the basic elements of the blockchain technology and to find opportunities for the discovery and application of developing technologies, as well as to have a positive impact on the development of the entire industry.

Currently, the staff of the Ontology Institute are more than 10 people. The initiative was headed by Mao Xianping, who holds a doctorate in cryptography from the University of Shanghai Jao Tong.

Dr. Mao holds a PhD in Cryptography from Shanghai Jiao Tong University. He is committed to innovation and application research of blockchain underlying technology and cryptography, and has a deep understanding of blockchain consensus mechanisms, blockchain privacy protection, and data security. Mao has been in well-known international journals in the field of cryptography and has published more than ten related academic papers for conferences.
 

Ontology Press Release

Ontology notes that the new research institute will become a link with the technical community that has emerged in its ecosystem and scientific institutions, and will also play an important role in enhancing the technological value of the company's product.

In the future, Ontology Research Institute will focus on the following areas:

  • Exploring the next generation of the blockchain architecture to build more secure and scalable systems, including sharding and multi-chain support;
  • Exploration of the platform for the practical use of the blockchain, which will be characterized by ease of use, privacy and controllability, and support technologies such as zero-disclosure evidence, secure multilateral computing, and a trusted runtime environment;
  • Providing reliable technical support for building distributed trust ecosystems, including multidimensional identification systems, data exchange systems and credit rating systems.

Currently, Ontology is the 28th largest cryptocurrency with a capitalization of $ 344 million. Over the last month, the ONT has shown a moderate decline and is trading at $ 1.67 at the time of publication.

Microsoft & EEA to Create Token Taxonomy Initiative

As reported, EEA intends to act as a platform for the the Token Taxonomy Initiative, which involves the Hyperledger, R3 and Digital Asset Holdings consorti
18 April 2019   167

The Enterprise Ethereum Alliance (EEA) blockchain consortium launched a project with Microsoft to help businesses develop and create tokens to solve specific problems.

The EEA intends to act as a platform for the Token Taxonomy Initiative, which involves the Hyperledger, R3 and Digital Asset Holdings consortia. At the same time, IBM and Intel, JP Morgan financial holding, ConsenSys blockchain start-up and many others will participate in the project.

According to Ron Reznick, Director General of the EEA, various seminars will be available to specialists as well as the GitHub repository as part of the initiative. Already existing tokens on different blockchains will be tested, and then reduced to a single standard.

Microsoft Chief Architect Marley Gray noted that during his work with the Microsoft Azure cloud platform and EEA, he often encountered various industry consortia that spent a lot of time trying to understand “how best tokenize, for example, a barrel of oil”.

Thus, as part of the initiative, it is planned to create a token constructor so that any person, even without being a technical specialist, can explain to developers what he wants from an asset.

Last year, EEA and another leading blockchain consortium Hyperledger announced a partnership that provides for the creation of uniform standards for corporate distributed networks developed by the participants of these two organizations.