Ontology Launches ONT.ID

Published on: 08.09.2021
Ontology Launches ONT.ID

Ontology launches ONT ID, Ontology’s decentralized identity solution, designed to be both trustless and private, empowering users.

ONT ID is a decentralized identity framework that complies with W3C’s recommended standards for decentralized identifiers and verifiable credentials. Based on blockchain and cryptography, ONT ID can quickly identify and connect people, data and services. Decentralization, self-management, privacy protection, and ease of use are the key features of ONT ID that ensure users fully control their data and identity.

As a blockchain project focusing on bringing secure, trusted, and privacy-respecting decentralized identity and data solutions to Web 3.0, Ontology focuses on building a Web 3.0 trust infrastructure, allowing individuals and businesses to apply decentralized identity solutions whilst fully respecting user privacy. After over three years of development, Ontology released its on-chain credit system, OScore, designed for programmable reputation based on ONT ID. OScore is integrated with Wing Finance, Ontology’s decentralized digital asset transfer protocol, a real application for decentralized credit. On this basis, the newly released centralized identity universal login component ONT Login and the batch verification solution ONT TAG have further enriched the Ontology DID product matrix, bringing better product experiences for application parties and individual users.

As people have become more aware of their digital identities and data privacy, more and more countries have established laws and regulations to protect user data. These include the European Data Protection Act (GDPR), California’s Consumer Privacy Act (CCPA), and China’s “Personal Information Protection Act”. ONT ID is a complete decentralized identity framework featuring a user credit evaluation function, universal login system, and batch verification mechanism for authentication of user data. Based on ONT ID’s previous integrations with world-renowned automobile manufacturer Daimler Mobility, decentralized music streaming and NFT platform ROCKI, Ontology is already providing solutions in a variety of technical industries.

About Ontology

Ontology is a high performance, open source blockchain specializing in digital identity and data.

📰 INFO

https://medium.com/ontologynetwork/enter-web-3-0-with-ont-id-375930e78242

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