Ontology works with CarBlock, enters Automobile Industry

Ontology, a new public multi-chain project, today declared about its partnership with CarBlock, the world’s first blockchain-based transportation solution
12 June 2018   632

The two firms will cooperate in basic technology, adopt their business resources, and partner in community operations. CarBlock will also airdrop tokens to cars and their owners certified by Ontology. Sharing Ontology’s “real economy” strategy, CarBlock will construct a transport data platform built on blockchain and vehicle network intelligent hardware. The platform is to connect Ontology’s chain network model with CarBlock’s intelligent hardware and IoT solutions to successfully and fairly circulate vehicle data within the ecosystem. CarBlock will apply data to tap into the one trillion US dollar automobile market and create a brand new smart transport ecosystem.

We are very pleased to cooperate with CarBlock to connect Ontology’s distributed infrastructure and services to more application scenarios as part of our real economy strategy. 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.
Jun Li
Founder, Ontology

CarBlock is the world’s first decentralized automobile industry trading area built on vehicle data. With the help of the blockchain technology, intelligent hardware, and other IoT solutions, ownership of vehicle data is brought back to users. 

We recognize Ontology’s technical accomplishments in public chain development, linking resources of ecosystem application partners, and dedicated support from partnering technical teams. CarBlock is the fastest growing blockchain application in the automobile industry with the most abundant industry resources. We will be using our position to promote the Ontology ecosystem and help Ontology provide more diversified industry solutions.
Jia Li
Founder, CarBlock

Vehicle data can be efficiently circulated in the ecosystem via fair data circulation mechanisms. Data might also be applied to tap into the one trillion US dollar automobile market and construct a brand new smart transport ecosystem.

Cryptopia to Resume Trading Temporary

Trading lasted few hours and has been stopped, and the company itself has not made any announcements on this matter
18 March 2019   31

Hacked cryptocurrency exchange Cryptopia temporarily resumed trading on this Monday, according to information from the order book on its website. To date, trading has been stopped, and the company itself has not made any announcements on this matter. The total volume of transactions on the exchange, which ceased trading services about two months ago, in the last 24 hours amounted to a little more than 10 BTC.

In a message not related to today's test launch of trades, the exchange announced that it would send letters to all clients affected by the hacker attack. A copy of the letter is available on the Cryptopia website. In it, the exchange describes the circumstances of the hacking and its further actions.

The company also confirmed that it will pay damages to affected users. Customers who kept cryptocurrency stolen from the exchange will see in their accounts withdrawal records without transaction identifiers, reflecting the extent of the damage. They will get Cryptopia Loss Marker (CLM), which are records in the database of payments due to them.

According to the announcement, the company expects to proceed with the payment of compensation and resume trading until the end of the month after the completion of the necessary legal procedures.