Ontology is a blockchain framework that supports public blockchain systems and can customize different public blockchains for different applications. It announced today that it is launching the Ontology Olympus Accelerator [OOA] program. The OOA has invited technology experts from a variety of specializations to work together and build distributed business applications that run on Ontology blockchain infrastructure.
Ontology recently had also announced its partnership with Chain of Things [COT], Ontology’s first strategic partner in technology and intelligence.
The Ontology Olympus Accelerator program promises to provide complete technical, financial, marketing, and legal compliance support to the teams, in an endeavor to build open source and collaborative distributed trust ecosystem. The program will invest about $1.5 billion worth of tokens that will support the development teams of existing startups. Ontology Olympus Accelerator plans on being a comprehensive ecosystem accelerator, and some of the support they will provide in the different areas of the ecosystem are,
- Custom business chain development
- Blockchain-based general hardware support
- Sharing Ontology ecosystem users
- Offers collaboration with industry partners
- Ontology investment fund
- Ontology incubation fund
- Professional legal support all over the globe
There are three dimensions of trust in the human organization and social collaboration, namely, trust through technology, through legal systems, and through communities. Current trust mechanisms are a weakness, which Ontology hopes to address. Ontology outlines their plan and says:
“Ontology applies blockchain technology to all business types, providing blockchains, smart contracts, distributed verification management, data exchange, and other protocols and APIs. Users can easily develop distributed services through Ontology without having previous knowledge of distributed networks. “
Jun Li, the founder of Ontology, says:
“We hope with this accelerator program that more talent and applications can be added to the Ontology ecosystem, integrating technical elites internationally and the technical strengths of various parters to jointly build our cross-chain, -system, -industry, -application, and-terminal distributed trust ecosystem.”
Ontology also announced that they have established two other organizations, the Ontology Advisor’s Group [OAG] and Ontology Global Capital [OGC]. The OAG provides a range of strategies and industry guidance for the Ontology ecosystem, while the OGC includes Ontology ecosystem funds which will be allocated by a top blockchain ecosystem investment team. These teams’ working has not been fleshed out yet, but Ontology promises further announcements.