What problem does this service solve?

Ontology wants to establish the connecting infrastructure for a trust ecosystem and to assist businesses to integrate blockchain technology.Seele wants to create a blockchain ecosystem comprised of subnets that operate independently, but will have cross-chain capabilities.

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Company Description

Ontology is a network designed to be operated across multiple blockchains. Its main focus revolves around trust issues, and it provides identity verification and reputation management capabilities. Ontology's goal is to be a platform for decentralized trust systems in businesses. Their distributed network is set up to facilitate cooperation between different projects in a trust ecosystem. Ontology's framework allows users to customize different public blockchains for different applications. Ontology has a two-token structure. ONT is the utility token of the network that can be used to generate Ontology Gas (ONG). Ontology has an innovative consensus mechanism called Verifiable Byzantine Fault Tolerance (VBFT). It combines elements of Proof-of-Stake (PoS), VRF (Verifiable Number Function), and Byzantine Fault Tolerance (BFT). The VBFT consensus mechanism will select nodes that meet certain conditions, and will verify transactions.

Seele is developing a blockchain ecosystem that will consist of subnets optimized for different use cases. Seele's Forest Network will have subnets that will operate independently and can interact with each other through cross-chain and cross-domain protocols. Seele has a neural consensus algorithm that was inspired by the inner workings of the human brain. It asynchronously processes and sorts data in a large-scale decentralized environment, using ε-differential agreements to allow all nodes within a network to reach consensus. Compared to existing consensus algorithms, it ensures greater fault-tolerance and is significantly more efficient. Its performance also scales linearly as network size increases, allowing it to be widely adaptable to many different use cases.

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