This article was first published on OntologyNetwork - Medium
Recapping the “Blockchain: Connecting the Future” Event hosted by CAICT
With the Senior Tech Lead of Decentralized Identity (DeID) Solution — Hu Ning
Ontology has always focused on creating a sustainable and effective method for implementing decentralized identity solutions in real enterprise case studies. This was highlighted by a recent event hosted by CAICT on “Blockchain: Connecting the Future — Digital Identity & Decentralized Identifiers,” where our very own Decentralized Identity Senior Tech Lead, Hu Ning gave a keynote speech outlining how ONT ID works, as well as how multiple layers of trust are required amongst users, systems and organizations, before rounding things off with a few case studies. As with most large scale blockchain events, Hu Ning wasn’t the only expert there as several other DID experts from W3C, DIF, EEA, Consensys, Spherity and Evernym gave informative addresses as well.
Below is a quick recap:
How ONT ID Works
Hu Ning opened the keynote with a brief outline of the technical infrastructure which powers ONT ID and the Ontology blockchain. Including how it identifies and connects people with their data to create and enable a self-sovereign digital identity. Your ONT ID also communicates with other DIDs registered in other blockchains and systems, since it was all developed under the guidance of the W3C DID standard. This makes ONT ID part of the core Ontology solution as it provides transparency and ease of use combined security and credibility as its main features. All trust based technologies are closely connected to identity as their core, and DID is also adopted and connected across multiple ecosystems including BTC, ETH, NEO, and Chainlink.
Taking it a step further, ONT ID is really the underlying framework for a much anticipated addition, the OScore — a fully digitalized credit scoring system based on your history of asset transactions and holdings. The OScore ...
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OntologyNetwork - Medium