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   379

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.

Binance to Partner with Chainalysis for AML

Use of Chainalysis KYT solution will allow to compile with KYC- and AML-norms and also simplify the process of opening bank accounts
18 October 2018   95

The largest exchange by daily trading volume Binance uses software from Chainalysis, called Chainalysis KYT [know your transaction], to monitor real-time transactions and identify transfers related to criminal activity. This is stated in a joint press release.

Cryptocurrency businesses of all sizes face the same core challenge: earning the trust of regulators, financial institutions and users. We expect many to follow Binance's lead to build world-class AML compliance programs to satisfy regulators globally and build trust with major financial institutions.

Jonathan Levin

Co-Founder and COO, Chainalysis

Thus, the use of software from Chainalysis not only guarantee compliance with the KYC- and AML-norms, but also simplify the process of opening bank accounts.

By working with Chainalysis, we are able to continue building a foundational compliance program that enables the next phase of our growth. Our vision is to provide the infrastructure for a blockchain ecosystem and increase the freedom of money globally, while adhering to regulatory mandates in the countries we serve.

Wei Zhou

CFO, Binance

Chainalysis KYT release was held in April.