Blockchain Investor Analysis

Ontology

ONT
Current Price $0.54 (-1.89%)
Ontology (ONT) is a Blockchain-as-a-Service venture that first hit the scene in 2017. It focuses on providing ways for enterprise-level users to benefit from the services available through blockchain technology.

Our Rating:

Market

Problem that it solves

Ontology is a blockchain-as-a-service platform, offering enterprise users a way to benefit from the decentralized nature of blockchain technology.

Customers

This project specifically targets enterprise and corporate users who want to use blockchain technology in their businesses.

Value creation

Ontology is a great value add for any business that wants to use the blockchain while maintaining privacy. this includes industries like finance, health care, insurance, and many others.

Market structure

The increasing demand for blockchain enterprise solutions in Asia gives Ontology excellent opportunities to grow and expand.

Market size

There is massive market potential for Ontology if it can partner with the right businesses to get the ball rolling.

Regulatory risks

Like many other digital assets, ONT could be subject to government regulations depending on how they view them.

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Competitive Advantage

Technology/blockchain platform

Ontology is currently its own blockchain as its mainnet launched in 2018. However, it started out on the NEO blockchain, which is a well-established project within the industry.

Lead time advantage

There are many similar projects within the blockchain industry. Ontology only has some leadtime advantage in the Asian market.

Contacts and networks

The Ontology team is not as start-strutted as some of their competitors', but it does have a group of advisors that can reach out to key players within the industry if necessary.

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Management Team

Entrepreneurial Team

The Ontology team has plenty of experience and success within the blockchain industry.

Industry/technical experience

While the team driving the Ontology project doesn't boast a 'well-known' leader, it does substantial industry experience.

Integrity

There has been a lack of clarity about Ontology's leadership structure in the past.

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Token Mechanics

Token required

ONT is the token used to stake on the Ontology platform. Users are paid in ONG which is used when performing tasks like smart contracts on the network.

Value added

While the tokens cannot be used outside of the Ontology platform, they are pertinent to performing specific actions, as well as staking coins.

Decentralized

Ontology has a degree of decentralization but not as much as some of its peers.

Token supply

ONT has a total supply of 1 billion tokens.

Public exchange

ONT is available on many well known exchanges, including Binance, KuCoin, and Changelly.

MVP

Ontology has a functioning product, that is already being used in several DApps.

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User Adoption

Technical difficulty

It can be difficult to understand what Ontology provides, but the project is focusing on attracting enterprise level users to its platform.

Halo Effect

ONT doesn't have any high-profile partnerships, but it has established a relationship with NEO, and has formed partnerships with companies such as GoWithMi and Parity Games.

Buzz

There is very little buzz about Ontology. Its 'big brother' NEO, for example, gets substantially more attention.

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Overall Score

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Blockchain Investor Analysis

Ontology (ONT) is mainly focused on businesses at the enterprise and corporate level that can benefit from a Blockchain-as-a-Service platform. It is designed to help businesses migrate their solutions over to a decentralized ledger with no disruption.

Its close relationship with NEO gives this digital asset some credibility in the market but we are yet to see Ontology's full potential unfold.

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