TOP Network Partners with Ontology to Create Next-Generation Blockchain-Based Communication Network
Distributed cloud communication startup TOP Network and public blockchain project Ontology have launched a strategic partnership, aiming to cooperate in creating a blockchain-powered communication ecosystem open to all developers and apps.
Having succeeded in creating multiple communication apps with a large user base, TOP Network is building a communication ecosystem on blockchain. Ontology will provide the underlying blockchain technology for TOP and offer a comprehensive suite of services such as data exchange, data identification and high-performance smart contracts.
TOP Network has been developing a distributed cloud communication network that provides developers with secure, low-cost communication services. The company closed a $6 million Series A round earlier this month, investors including Fenbushi Capital, Danhua Capital (DHVC), NEO Global Capital and LD Capital.
Ontology, a new high-performance public blockchain project and distributed trust collaboration platform, offers next-generation high-performance infrastructure public chain with the complete distributed ledgers and smart contract systems. On the platform layer, Ontology provides general Dapp-supporting technologies including distributed identity framework and distributed data exchange protocol, creating an efficient, open platform for Dapp projects.
“The partnership between Ontology and TOP Network is mutually beneficial,” TOP Network CEO Steve Wei said. “It will provide strong momentum for the ecosystem development of both companies.”
The cooperation will improve the safety of the two ecosystems and drive down development costs significantly.
“The rapid development of communication network has gradually broken down the silos of information, bringing us closer to the goal of the Internet of Everything,” Ontology founder Jun Li said. “Blockchain technology can speed up the whole development process.”
Traditionally, developers have to design and implement communication protocols and deploy and maintain their own networks. This mode tends to slacken development progress, raise costs and increase the risk of security breach. Ontology, a high-performance, developer-friendly public chain platform, offers blockchain-based businesses a powerful array of infrastructure services including ONT ID and ONT DATA. These services will provide strong technical support for TOP Network. TOP Network will provide distributed cloud communication services for developers on Ontology, enabling developers to create high-performance communication and social apps easily and to reduce costs by utilizing spare resources on the network. TOP will also develop apps directly on Ontology, bringing a large number of users to the Ontology ecosystem.
TOP team has rolled out three communication apps: VoIP app Dingtone, encrypted messaging app CoverMe and VPN app SkyVPN. Those three products have a total of 50 million registered users and will be moved to the TOP ecosystem.
In addition to technical support, Ontology will back TOP Network up in fundraising, community operation, and ecosystem development. Ontology’s venture capital firm Ontology Global Capital (OGC) has announced a strategic investment in TOP Network.
