Ontology Weekly Report (July 7–13, 2021)
Highlights
It has been another successful week at Ontology HQ! Ontology’s Head of Ecosystem Partnerships, Gloria Wu, attended a panel at the SME Finance Forum, this week. What’s more, our Chief of Technology, Ning Hu, attended the second Data Intelligence and Knowledge Service Seminar, managed by the Documentation and Information Center of the Chinese Academy of Sciences.
In other big news, we are proud to celebrate the launch of our Harbinger Program v2. The Ontology team invites passionate supporters of Ontology to become our next Harbingers!
Latest Developments
Development Progress
- We are delighted to share that we have completed Ontology’s EVM development. It is designed to make Ontology fully compatible with the Ethereum smart contract ecosystem. We have also completed 20% of the testing phase.
- We have completed ETH RPC support, and we are 70% done with the testing phase.
- We have completed 90% of Ontology’s new Ethereum account system.
- We have completed 70% of the flow logic of optimizing transactions from the network layer to the transaction pool. This has significantly improved the transaction pool processing performance.
- We’ve completed 70% of the EVM assets and OEP-4 assets seamless transfer technical solution, which facilitates the conversion and circulation between OEP-4 assets and EVM assets.
Product Development
- ONTO App v3.9.0 has been released, improving the process for adding new wallets, as well as the asset page and the wallet management page.
- Ontology launched new campaigns with BabySwap and ApeSwap, respectively. Each campaign has over 500 users participating.
- We also held AMAs with Beefy Finance and TapSwap on July 6.
- 10,000 limited edition Ontology MainNet 3rd anniversary NFTs were claimed in just four and a half hours. Our ONG rewards have been distributed to three lucky winners. Congratulations!
On-Chain Activity
- 118 dApps have been launched on MainNet;
- 6,641,304 transactions in total dApp transaction volume, an increase of 4,916 from last week.
- 15,971,201 transactions have been completed on MainNet, an increase of 52,284 from last week.
Community Growth
- 434 new members joined our global community this week. Our community is continuing to grow and we encourage anyone who is curious about what we do to join us.
- We held our weekly Community Call on Discord, led by Humpty Calderon, our Head of Community. Humpty gave a brief recap of the Ontology ecosystem, as well as an update on our development progress, and discussed decentralized identity topics.
- As always, we’re active on Twitter and Telegram where you can keep up-to-date with all our latest developments and community updates.
Global news
Ontology attended a panel at SME Finance Forum
Our Chief of Ecosystem Partnerships, Gloria Wu attended a panel at SME Finance Forum, managed by IFC, a sister organization of the World Bank, together with guests from Centrifuge, Bitbond, and Hedera Hashgraph. Read more about the event, here.
Ontology attended the second Data Intelligence and Knowledge Service Seminar
Ontology Chief of Technology, Ning Hu, was invited to participate in the second Data Intelligence and Knowledge Service Seminar. The event was hosted by the Documentation and Information Center of the Chinese Academy of Sciences. Experts and scholars from many domestic and overseas institutions and universities attended the event, including Jim Hendler, the father of the Semantic Web. Ning Hu delivered a speech on “Blockchain and Digital Identity Supporting Knowledge Collaboration”.
Harbinger Program v2 released
Ontology launched its Harbinger Program v2. Are you passionate about blockchain, crypto, DID, and data, and a long-time supporter of Ontology? If you think you have what it takes to become an Ontology Harbinger and want to learn more, check out our latest blog post here.
Crypto Spotlight
Ontology was ranked in the top 10 BSC Ecosystem Projects by Fully Diluted Marketcap in CryptoAccordBot this week.
Guarda Wallet considers Ontology a true crypto gem based on its decentralized solutions for data management and protection. Furthermore, it runs on a dual model: ONG powers the transactions of native asset, ONT. Guarda’s candidate node for staking ONT currently offers 44% APY!
Ontology In The Media
Global Banking and Finance — Ontology Celebrates the Third Anniversary of Their Mainnet Launch!
Ontology celebrated the third anniversary of our MainNet launch at the end of June. To discuss this significant milestone, Li Jun, Founder of Ontology, was interviewed in Global Banking and Finance. According to Li jun, since our MainNet launch three years ago, decentralized identity solutions and secure data management have become increasingly important. Every day, individuals make millions of transactions online. Despite increased dependence on online services, privacy and security have not advanced in tandem. Every day, we see new data breaches involving the exposure of millions of users’ sensitive personal information, yet people rarely stop to question how companies and services are collecting and using their data.
At Ontology, we want to empower users to take back control of how their digital identity is managed online, where their data is stored, and how it is protected. Our mission is to provide a decentralized identity framework that uses blockchain technology to redefine trust and challenge the status quo.
KOREA IT Times — Exclusive Interview, Li Jun, Founder of Ontology: Public Blockchain Specializing in Decentralized Identity
McDonald’s customers in South Korea and Taiwan recently had their personal data exposed after hackers accessed internal files. In a statement, McDonald’s said it would work with security experts to identify ways to further enhance its existing security measures. Li Jun, Founder of Ontology, who was interviewed in Korea IT Times this week, believes that breaches such as this lay bare the need for companies to invest in decentralized blockchain solutions to ensure the highest levels of privacy and security when it comes to sensitive customer data. Individuals can protect themselves using Ontology’s decentralized digital identity solutions that allow them to control how their data is shared.
Want more Ontology?
You can find more details on our website for all of our decentralized solutions across identity and data, or keep up with us on Twitter. Our Telegram is for discussion, whereas the Telegram Announcement is designed for news and updates if you missed Twitter!
