Ontology works with Venezuela Blockchain to develop economic initiatives for the benefit of citizens – Crypto Trends


Association to research DLT use cases and to promote socio-economic development in Latin America

Singapore – April 7, 2020 – Ontology, the high-performance enterprise blockchain, has announced a partnership with Venezuela Blockchain, an organization dedicated to using new technologies as tools for socio-economic development in Latin America. Through the collaboration, Venezuela Blockchain will incorporate ontology technology to support a number of initiatives designed to benefit the Latin American community in general.

One of the first solutions proposed as part of the collaboration is the planned integration of the ontology platform into the charity of the Venezuelan blockchain family social program to provide Venezuelans with a basic income. Ontology, together with one of its partners, Microworkers, will give Latin Americans the opportunity to find task-based work online and receive payments in crypto.

Erick PinosHead of the Ontology Americas ecosystem said: “Venezuela’s vibrant blockchain community is driving the country’s rise to a dynamic center of DLT activity, and we are pleased to see the doors to mutual collaboration between members of the Venezuelan and Ontology communities to open. Today’s announcement expresses our commitment to broadening our community horizons and offering personalized DLT solutions that empower citizens worldwide. “

Alberto Guerrero Montilla Venezuela Blockchain said: “The continued growth of our country depends on the development of projects to ensure the economic and social expansion of our community and the sustainable introduction of new technologies. The proven and proven performance of the ontology platform can be the driving force in creating new systems that enable us to strive for decentralization and pave the way for practical applications that empower citizens and increase prosperity in our community. ».

Primarily focused on providing a fast and easy to use platform with a single infrastructure that supports strong cross-chain collaboration, Ontology provides companies with the tools to securely design their own blockchain solutions. The distributed collaboration platform developed by the Ontology Token (ONT) enables companies to take advantage of smart contracts and tokenization while maintaining control over their sensitive data.

“Our advanced, innovative, and powerful public blockchain network is well equipped to expand innovation opportunities in Latin America. The spirit of collaboration and strong appetite for technological exploration within Venezuela’s emerging blockchain community will be a source of tremendous inspiration as we continue this constant growth curve that has defined our journey so far, “concluded Pinos.

More information is available at https://ont.io/.

About ontology

Ontology is a powerful platform for public blockchain and distributed collaboration. Ontology’s unique infrastructure supports strong cross-chain collaboration and layer 2 scalability, giving companies the flexibility to design a blockchain that meets their needs. With a range of decentralized data exchange and identity protocols to improve speed, security and trust, the functions of Ontology ONT ID include a mobile digital identification and DID application used throughout the ecosystem and DDXF. a collaborative framework and decentralized data exchange.

About Venezuela blockchain

Venezuela Blockchain is an organization that focuses on Venezuela’s socio-economic change through the implementation of expansion techniques that are adapted to the needs of a growing country. Its mission is to enable the takeover, development and expansion of the blockchain universe through strategies that can be applied in your country by directly advertising the available blockchain services.

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