Ontology is new high performance public and a distributed trust partnered platform, while Carblock is the world’s first blockchain-based transportation solution upheld by working applications. Both playing to their own particular qualities, this partnership will assemble a transportation data platform in light of blockchain technology and vehicle network intelligent hardware.
This would likewise fall under Ontology’s “real economy” strategy, and the platform will consolidate Ontology’s chain network model with CarBlock’s intelligent hardware and IoT solution for effectively and decently circulate vehicle data inside the ecosystem. CarBlock will utilize information to take advantage of the one trillion US dollar vehicle market and create a brand new smart transport ecosystem.
Jun Li, Founder of Ontology, stated:
“We are very pleased to cooperate with CarBlock to connect Ontology’s distributed infrastructure and services to more application scenarios as part of our real economy strategy. Our partnership with CarBlock will ensure effective circulation of transport data, integration of Ontology with the smart transport field, and overall enrichment of the Ontology ecosystem”.
From the other side speaking on the investment, Jia Li, Founder of CarBlock, said:
“We recognize Ontology’s technical accomplishments in public chain development, linking resources of ecosystem application partners, and dedicated support from partnering technical teams. CarBlock is the fastest growing blockchain application in the automobile industry with the most abundant industry resources. We will be using our position to promote the Ontology ecosystem and help Ontology provide more diversified industry solutions”.
While a great deal of Auto companies and service co-ops are entering as a team with blockchain players the business is soon anticipated that would change for improvement.