Ontology Enters the Automobile Industry with CarBlock Partnership

Today Ontology, a new high-performance public multi-chain project and a distributed trust collaboration platform, announced a partnership with CarBlock, the world’s first blockchain-based transportation solution backed by working applications. The two companies will collaborate in core technology, integrate business resources, and cooperate in community operations. CarBlock will also airdrop tokens to cars and their owners who are certified by Ontology.

As part of Ontology’s “real economy” strategy, CarBlock will build a transport data platform based on blockchain technology and vehicle network intelligent hardware. The platform will combine Ontology’s chain network model with CarBlock’s intelligent hardware and IoT solutions to efficiently and fairly circulate vehicle data within the ecosystem. CarBlock will use data to tap into the one trillion US dollar automobile market and create a brand new smart transport ecosystem.

Jun Li, Founder of Ontology, said: “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”.

Speaking on the investment, Jia Li, Founder of CarBlock, said: “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”.

About CarBlock

CarBlock is the world’s first decentralized automobile industry marketplace based on vehicle data. Through blockchain technology, intelligent hardware, and other IoT solutions, ownership of vehicle data is returned to users. Through fair data circulation mechanisms, vehicle data can be efficiently circulated in the ecosystem. Data can also be used to tap into the one trillion US dollar automobile market and create a brand new smart transport ecosystem.