OntologyNetwork
Published in

OntologyNetwork

Ontology’s proposal to the WEF and WHO to set up Bespoke Donation dApp for COVID-19 Response Fund

Recently, a number of Ontology team members attended the International Association for Trusted Blockchain Applications (INATBA) Virtual Roundtable, which took place on Monday, April 6th. The event aimed to give developers an opportunity to interact with regulators and policymakers and establish ways in which blockchain technology can be used to tackle current global challenges. Ontology contributed to the meeting along with other leading platforms such as Accenture, ComGo, Consensys France, Helix, and Recheck.

With a view to broadening contributory avenues for the World Health Organization’s COVID-19 Solidarity Response Fund, Ontology presented a proposal to set up an Ontology official dApp for crypto donation to help collect donations made in crypto, while utilizing Ontology’s blockchain to record transactions safely and securely. As part of the proposal, Ontology’s partnership with Noumena would also be leveraged to create a bespoke VISA-like INATBA Charity Card to help convert collated crypto into fiat in real-time, before being donated to the official WEF/WHO account.

Commenting on the proposal, Ontology Co-founder Andy Ji said, “This week the INATBA Roundtable played host to a very timely discussion around the significant role blockchain can play in addressing some of the societal challenges stemming from the COVID-19 pandemic. It was an honor to present our official dApp for donation campaign proposal, demonstrating how the strength and depth of the Ontology network can be harnessed to expand donation streams for the World Economic Forum and World Health Organization’s COVID-19 Solidarity Response Fund. We look forward to furthering engagement with INATBA going forward, and are unwavering in our commitment to providing the tools and resources to raise much-needed funds to help individuals impacted by COVID-19.”

The INATBA symbolizes a confluence of representatives across a range of verticals, including industry officials, SMEs, policymakers, and regulators. The mission of the Group is to accelerate the cross-sectoral deployment of blockchain and Distributed Ledger Technology (DLT) and to champion efforts to promote an open, transparent, and inclusive global governance model for blockchain and DLT.

If you have any questions or feedback, please contact us via contact@ont.io.

--

--

--

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

Recommended from Medium

Weekly Update 28th January 2022

Which Is Better For DeFi Projects: Ethereum or Solana?

SSL Certificates Under Blockchain Editing: Restrictions, Risks, Opportunities

How to Earn by Providing Liquidity on Oddz?

Think Decentralized? Brilliant. Just Don’t Forget to Execute.

Bridge Network Testnet is Live With its Airdrop Program

RiskSwap Forges Strategic Partnership with NEAR Protocol

NBTC Limited, a wholly-owned subsidiary of The9 Limited (Nasdaq: NCTY), has formally signed the…

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store
The Ontology Team

The Ontology Team

Active project domain: https://ont.io/

More from Medium

Change the world by donating to JaxCorp DAO

MetaMirror Gallery v2 Launch!

Backstage and XMANNA x Satoshi Club AMA Recap from the 21st of March

Ambrosus Tech Updates: Q1 2022