Ontology Partners with Spherity to Advance Digital Identity Solutions
Partnership will involve integration of Ontology blockchain into Spherity’s Cloud-Edge Identity Wallet.
This strategic partnership will see the integration of the Ontology blockchain into Spherity’s Cloud-Edge Identity Wallet and will allow Ontology to harness Spherity’s blockchain-agnostic Decentralized Digital Identity solutions across public and permissioned blockchains. The remit of the partnership will also extend to the creation of Proof-of-Concept (PoC) pilots around supply chain, mobility, and pharmaceutical verticals, along with joint research and marketing initiatives. The primary objective of the partnership is to deliver enterprise solutions for cross-border supply chain resilience and transparency.
Andy Ji, Co-founder of Ontology, said, “Partnering with Spherity represents a further expression of intent towards accelerating the development of digital identity protocols and underlines our commitment to addressing prevalent issues associated with identity security and data integrity. This partnership provides scope for the exploration of enterprise and product identity, as well as cross-border supply chain identity use cases including provenance, transparency, and authenticity.”
Spherity builds enterprise cloud wallets and other decentralized digital identity management solutions that offer more secure and versatile cyber-physical bindings and supply chain tracking solutions. Based in Dortmund, Germany, the Spherity team is developing decentralized ‘digital twin’ applications — self-sovereign, unique digital representations of enterprises, products, machines, or algorithms services — which are immutably anchored on a decentralized system, overcoming today’s trust and interoperability issues.
Dr. Carsten Stöcker, CEO of Spherity, said, “The ambition and vision of the Ontology team directly correlate with Spherity’s own roadmap, both in terms of expediting the deployment of blockchain solutions globally, while also firmly imbuing the principles of trust and security in digital identity solutions. Ontology will provide invaluable access into key Asian markets for our bespoke cloud technology, and we are delighted to boost Ontology’s European presence, given our rich history of operations in Germany, Switzerland, and Austria.”
The partnership focuses on connecting Sino-European ecosystems while establishing trust among supply chain actors. Together, Spherity and Ontology are uniquely positioned to establish interoperability and data portability across European and Asian Blockchain infrastructures. The joint goal is to deliver secure ‘collaborative data sharing’ solutions for ‘enterprise master data’ and ‘product serialization’ with back-to-birth auditability.
Ontology delivers a fast, user-friendly platform with a unique infrastructure that supports robust cross-chain collaboration, providing businesses with the tools to design their own blockchain solutions securely. Powered by the Ontology Token (ONT), the distributed collaboration platform allows businesses to enjoy the benefits of smart contracts and tokenization while retaining control of their sensitive data.
“The strength and depth of the Spherity network can help us achieve our strategic objectives, particularly those pertaining to extending our European reach and advancing our B2B business development. We look forward to supporting the deployment of Spherity’s cloud technology in Asia while identifying mutually beneficial opportunities for collaboration moving forward,” concluded Ji.
Spherity is building decentralized digital identity management solutions to power the fourth industrial revolution, bringing secure identities to machines, algorithms, and other non-human entities. Spherity’s decentralized identity cloud-edge wallet empowers cybersecurity, efficiency, and data interoperability among digital value chains. The customer focus is primarily on highly-regulated technical sectors like supply chain management, mobility, and pharmaceuticals.