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Ontology Helps Craft IEEE Standards For Blockchain and Cryptocurrency, Broadening Industry Leadership Credentials

Ontology is proud to announce that our Senior Tech Lead, Ning Hu, recently played a leading role in the formulation of new IEEE Standards for Blockchain and Cryptocurrency. As a member of the IEEE Blockchain Standards Committee, Ning Hu held the position of Vice Chair of the Cryptocurrency Exchange Working Group and has been a prominent participant within the Cryptocurrency Payment Working Group.

As Vice Chair of the Cryptocurrency Exchange Working Group (IEEE 2140.5–2020), Ning Hu helped develop standards including general requirements for cryptocurrency exchanges; a standard for security management for customer cryptographic assets on cryptocurrency exchanges; a standard for user identification and anti-money laundering on cryptocurrency exchanges; and a standard for distributed/decentralized exchange framework using DLT.

As a participant in the Cryptocurrency Payment Working Group (IEEE 2143.1–2020), Ning Hu contributed to the formulation of a standard for cryptocurrency payment performance metrics and a standard for risk control requirements for cryptocurrency payment.

Ning Hu, Ontology Senior Tech Lead said,

“Ontology’s participation in this major industry project speaks to the strength and depth of our technical team. I am honored to have had the opportunity to share my insights and expertise with other leading figures in the cryptocurrency and DLT field as part of a collaborative effort to drive the industry forward. By creating common standards and regulations, we can expedite the maturation of the space, and Ontology looks forward to continuing to make inroads in this regard.”

The IEEE Standards Association (IEEE SA) is a leading consensus building organization that nurtures, develops and advances global technologies, through IEEE, the world’s largest technical professional organization dedicated to advancing technology for the benefit of humanity.

The IEEE SA aims to bring together a range of experts and organizational leaders from all facets of technical disciplines to develop standards for development and collaboration. The organization promotes innovation, enables the creation and expansion of international markets, and helps protect public health and safety. This work helps to drive the functionality, capability, and interoperability of a range of products and services that are transforming global society.

About Ning HU, Senior Tech Lead at Ontology

As one of the first Semantic Web experts in China, Ning HU has almost two decades of experience in software development and high-level technology. An early entrant into the world of emerging technology, Ning HU joined Project Halo, an initiative by Paul Allen, Co-founder of Microsoft in 2008, where his role focused on the development of Big Data and Artificial Intelligence (AI). HU also assisted in the establishment of leading fintech company Green Dot’s subsidiary in China, where he worked as a Development Manager. He has extensive experience in enterprise resource planning, digitization of government affairs, gaming platforms, and media streaming. Ning HU graduated from Southeast University with a degree in Computer Science.

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