Ontology has announced the launch of a new version of their data wallet ONTO. Described as a milestone achievement for the blockchain project that provides secure and unique client chains, designed to protect data and systems.
According to the announcement, the new ONTO version contains new functions and data management features that enable users to create a seamless process for the protection and endorsement of data.
A new milestone⛳️ for #ONTO, our self-sovereign #data wallet! We are delighted🥰 to announce the launch of a new version of ONTO, with additional data management & claim features, creating a seamless process for the protection and endorsement of data. https://t.co/1r5DZ8Yjln $ONT
— Ontology (@OntologyNetwork) June 22, 2020
The new version of the ONTO wallet allows users to create their address book and add fellow ONTO users as contacts by searching email or mobile numbers linked to their ONT IDs. This would also make it easier for users to transfer tokens, NFTs, or stablecoins, as well as to manage, store, and share digital claims and certificates.
Additionally, it possesses an ONT ID. Which is linked to the wallet and enables Payees to verify and link an email or mobile phone number to transfer assets in a much faster and more user-friendly way than inputting a long-winded wallet address.
ONTO Claim Your Data
ONTO now comes with ‘own your data’ through verifiable claims and a digital certification feature. The new function gives users the ability to own and manage their data. Verified claims will be recorded and stored on ONTO, and successfully authenticated information will generate a unique and tamper-proof hash value to be stored on the Ontology blockchain.
The digital certification feature will also increase trust and security on the ONTO platform. These features are expected to be used to verify everything from users’ academic credentials to their financial or health status.
Additionally, claim issuance and revocation will be authenticated through third-party verification, including by individuals, organizations, or enterprises.
The blockchain project also noted it increased focus on verification, security, and data management. In a bid to achieve a new and better system where users are in control of their data. And can also seamlessly collaborate with enterprises while trusting that their data still belongs to them.
Ontology Two Years MainNet Launch
💥The Big Day💥
— Ontology (@OntologyNetwork) June 30, 2020
Andy Ji, Co-founder of Ontology, said, “In space of just two years, the team has gone from strength to strength. As we continue to experience a dynamic arc of growth.
“From technical development to new partnerships, to expanding our developer community and token-holders, also breaking into new markets. I can’t wait to see this phase of exciting activity continue in the months and years ahead,” he added.
The project has been breaking new grounds in the blockchain space, partnering with several blockchain-related firms. Most recently, it’s signed a partnership with Kaiyun Delivery. This to empower the new energy vehicle (NEV) industry with its blockchain technology.
Ontology is also extending its reach into the blockchain gaming sector. By recently partnering with top blockchain games my Crypto Heroes, and Brave Frontier Heroes. Invariably enabling players to trade and also transfer NFTs acquired from both games to ONTO.