The Ontology Research Institute Launches Officially
The Ontology Network has introduced the Ontology Research Institute. It will be headed by Mao Xianping, an expert in cryptography and distributed ledger technologies.
As the name suggests, the objective of the Ontology Research Institute is to research blockchain technology. By doing this, the institution aims to contribute to the development and implementation of blockchain solutions in the real world. So far, the facility is equipped with 10 blockchain experts.
The launch of the research center demonstrates the commitment of the Ontology Network towards promoting the advancement of blockchain technology. Besides, the company has already developed a state-of-the-art blockchain protocol based on the VBFT consensus algorithm. The standout features of the blockchain include multi-language support within the smart contracts and support for cross-chain transactions.
Other features available on the Ontology blockchain network include a smart contract creation solution called SmartX and a DApp development platform called Punica.
About Mao Xianping
Mao possesses a doctorate in cryptography from the Jiao Tong University. Over his career, he has accrued vast experience concerning the blockchain industry, particularly the consensus methods, security and data privacy. Also, he has been featured in popular publications on blockchain technology and cryptography.
The Future of Ontology Research Institute
The Ontology Research Institute has lined up the following for the future:
- Improving the scalability and security on the Ontology blockchain. This will involve studying sharding and multi-chain scaling techniques.
- Developing a secure, private and easy-to-use blockchain platform. This will involve integration cryptography and data security features into blockchain networks.
- Support the development of a blockchain-driven trust ecosystem that encompasses an identification platform, a credit rating system and an advanced information exchange platform.
The Ontology Network is open to contributions from individuals and groups who support the establishment of a trust ecosystem based on blockchain technology and secured by cryptography.