Blockchain Platform Ontology Teams up with Spherity to Advance Digital Identity Solutions
Ontology (ONT), a “high-performance” public blockchain network that intends to offer a “distributed trust” platform, declared on Friday that it had combined forces with German decentralized digital identity specialist Spherity to promote digital identity solutions. The platform stated that the collaboration will view the combination of its blockchain into Spherity’s Cloud-Edge Identity Wallet, and will then provide Ontology to utilize Spherity’s “blockchain-agnostic” decentralized digital identity solutions over public and permission blockchains.
“The remit of the partnership will also extend to the creation of Proof-of-Concept (PoC) pilots around supply chain, mobility, and pharmaceutical verticals, along with joint research and marketing initiatives. The primary objective of the partnership is to deliver enterprise solutions for cross-border supply chain resilience and transparency.”
Andy Ji, Co-founder of Ontology, said the partnership with Spherity depicts a further explanation of intention towards accelerating the growth of digital identity protocols and emphasizes our commitment to discussing prevailing issues connected with identity security and data integrity.
“This partnership provides scope for the exploration of enterprise and product identity, as well as cross-border supply chain identity use cases including provenance, transparency, and authenticity.”
Dr. Carsten Stöcker, CEO of Spherity, added:
“The ambition and vision of the Ontology team directly correlate with Spherity’s own roadmap, both in terms of expediting the deployment of blockchain solutions globally, while also firmly imbuing the principles of trust and security in digital identity solutions. Ontology will provide invaluable access into key Asian markets for our bespoke cloud technology, and we are delighted to boost Ontology’s European presence, given our rich history of operations in Germany, Switzerland, and Austria.”
The partnership with Spherity comes less than two weeks after Ontology declared it had joined the Celo Foundation Alliance for Prosperity, a mission-aligned network of organizations that promotes social impact and financial inclusion by the utilization of blockchain technology. The Alliance was launched in March 2020 by the Celo Foundation, existing members include Andreessen Horowitz, Coinbase Ventures, and B12.
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