Huobi Talk is a live broadcast which discusses hot topics sourrounding blockchain technology, held every Thursday from 12pm to 2pm (GMT+8) on Huobi Youtube channel. Huobi Talk allows users to learn first-hand about project mechanics and backstories of established and emergent blockchain projects, through interaction with a member(s) of the featured project(s). Usually between 1 to 3 projects are hosted for about 2 hours. Viewers are incentivized to watch, sharing an airdrop pool that is deposited directly to their Huobi account. The more the viewers the larger the amount of tokens distributed. This week’s Huobi Talk is going to feature Ontology, one of the projects that came out of the blocks in March, reaching a market capitalization high of about $1 bn. Ontology is listed on Huobi Pro with ONT/BTC and ONT/ETH pairs.
What is Ontology?
Current price: $9.20 USD
Marketcap: $1,036,643,744 USD
Total supply: 1,000,000,000 ONT
Circulating supply: 112,625,171 ONT
Exchanges: Several including Huobi, Binance, OKEx, Upbit and Gate.io
A new high-performance Public Chain Infrastructure & a Distributed Trust Collaboration Platform. The platform for all platforms with Three Dimensions of Trust. In simpler terms, Ontology seeks to establish a blockchain platform for managing decentralized ID and trust for individuals and corporate-grade users, and consequently creating a platform for data collaboration.
Some of the failings of our current trust networks include:
· Fragmented sources of trust
· Missing role of the individual
· Identifying false information
· Weak reputation systems among others.
Features of Ontology platform are discussed below.
Identity verification and copyright
Ontology network is going to connect all your data, biometric and credentials, immutably making it impossible to doctor that data for selfish reasons for example when applying for a job. Organizations that hold your data, can now collaborate with each other on top of Ontology. This will make business processes of authentication and verification, easier and faster.
What makes Ontology copyright protocol particularly unique is linkage of the digital stamp of content ownership as well as the identity of the creator.
Distributed Reputation Systems
ONT ID is a one-stop decentralized solution for storage of unique information such as references, credit score and credentials. This data will be accessible upon request, making it faster to crosscheck job applications and education certificates and reducing paperwork involved. Digital identity malpractices such as fake degrees are curbed.
Data exchange and Distributed Equity
Decentralized databases for storage of credit reputation are secure from manipulation and hacking. In addition, data buyers are more confident in a decentralized solution which are free from manipulation.
Investors and trustees are verified on ONT ID, ensuring correct information is provided. This restores trust for transparent co-operation.
Applications of Ontology
Ontology usecases span across multiple fields. To mention a few:
Finance(trading, securities, wealth management, supply chain finance),
Internet of Things(grid management, automated operation, office management), Payments(micro payments, tax collection and filing, know your customer) and
Consumer(supply chain, pharmaceutical tracking and sharing economy)
How is data secured?
Data privacy is secured through stealth addresses, encryption, watermarking and community involving governance model.
Testnet for Ontology has been rolled out right now. Mainnet is planned for release in June
Li Jun, Founder of Ontology on Huobi Talk
Huobi Talk will be featuring Li Jun, Founder of Ontology, on Thursday, 10 May at 12pm (GMT+8). Li Jun will be sharing more on Ontology and their goal to build trust in a trustless system.
Airdrop Prize Pool
All viewers who watch the livestream are eligible for a prize pool of 3, 408 ONT shared equally. The final prize is determined by number of viewers:
1500–2500 live viewers = 0.68 Tokens each
2501–3500 live viewers = 0.81 Tokens each
Above 3, 500 live viewers = 0.97 Tokens each(Max)
Steps to qualify:
1. Sign up for an account at Huobi.pro to get your Huobi ID.
2. 2. Effective time is from 12:00pm(GMT+8) to the end of live streaming at: www.youtube.com/c/huobipro/live
3. Post a message on the Youtube Live Chat, remember to insert your Huobi UID 12345678@BLOCKCHAIN FESTIVAL VIETNAM.(Note: Huobi Pro will only be accepting 1 Youtube account ID and 1 UID for each participant)
4. At the end of the live streaming, the view numbers will decide the airdrop prize pool to be given out.
Useful links
Website: https://ont.io/
What is Ontology? How will it reshape the NEO ecosystem?: https://www.youtube.com/watch?v=KenT8ExBqRk
Link to Ontology whitepaper:
https://ont.io/wp/Ontology-Introductory-White-Paper-EN.pdf
Link to Huobi Talk youtube channel: https://www.youtube.com/channel/UCABkgL5rRAk61E2Qtjtqcxw/about
