Ontology was created in 2017 by Chinese tech company Onchain as a blockchain platform consisting of smart contracts framework and distributed public ledgers. Their platform enables customized development of blockchains such that a variety of industries are able to utilize the technology to evolve their business operations. It’s protocol allows cross chain integrations which is important to connecting independant blockchain projects. Ontology is planning for their platform to allow users to manage assets, data, and personal identities on the blockchain, allowing their assets to be secure. Their whitepaper emphasizes the importance of self-governance of value on blockchain rather that control by a third party. Similar to the functions of NEO, users receive Ontology Gas (ONG) for holding Ontology (ONT).
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