OntologyNetwork
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OntologyNetwork

Ontology is Connecting with Filecoin to Provide Storage Service

Ontology is connecting with Filecoin to provide users with storage services. It will be available for users to use their own ONT ID to send and receive the files via hashes in the near future.

Usually, we have to share files with each other using third-party software which may incur risks of privacy leaks. Filecoin, as a decentralized storage network, is designed to store humanity’s most important information. Filecoin aims to build a decentralized market for storage. The Filecoin network achieves staggering economies of scale by allowing anyone worldwide to participate as storage providers. It also makes storage resemble a commodity or utility by decoupling hard-drive space from additional services.

With the existing Ontology technology, Ontology will integrate Filecoin Address and CID (Content Identifiers) to our decentralized identification protocol which is ONT ID to bridge Filecoin. In this way, the storage, withdrawal and other functions of Filecoin will be available on ONTO via ONT ID.

As we all know, Web 3.0 is the next generation of the Internet which enables a smarter Internet and an easier life. It requires a joint collaboration amongst different organizations, foundations, tech teams, and is consisted of multiple infrastructures. Decentralized identity and distributed storage are the backbones of Web 3.0.

Ontology and Filecoin are one of the best in decentralized identity and distributed storage technology respectively. Ontology DID helps guarantee the privacy and security of user identity and data, enable users to control their own identity and data. Filecoin, on the other hand, provides users with the ability to store data.

The integration of the Ontology ecosystem and the Filecoin ecosystem will form a larger-scale network effect that shall improve the values of both communities and achieve a win-win situation.

In addition, if the Ontology ecosystem connects with FIL, for Ontology users, a closed-loop will be formed which includes self-management, storage, usage, and exchange, further promoting the data self-management and data flow.

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Ontology is a high performance, open source blockchain specializing in digital identity and data. ONTO: http://onto.app/downloadpage/TW Telegram: http://t.me/OntologyNetwork

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