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Ontology [ONT] becomes the 3rd to implement DID after Bitcoin [BTC] and Ethereum [ETH]

Anvita M V



Ontology [ONT] becomes the third public blockchain to implement DID after Bitcoin [BTC] and Ethereum [ETH]
Source: Unsplash

On 21st August, Ontology has announced on their official Twitter handle that it has formally added Decentralized Identifier [DID] to its W3C – CCG [World Wide Web Consortium – Credentials Community group] DID method Registry.

The team boasts of being the only implementors of the specification on a public blockchain after Bitcoin [BTC] and Ethereum [ETH].

Ontology adds DID to W3C-CCG | Source: Twitter

Ontology adds DID to W3C-CCG | Source: Twitter

The DID is an identifier which is globally unique. It does not require any central registration authority because it runs on the Distributed Ledger Technology [DLT].

These DIDs can be created and owned by any entity on any number of distributed, independent roots of trust. The entity, in turn, is identified by this unique identifier and can be customized by the entity’s desired separation of identities, personas, and contexts.

The DIDs can be authenticated by proofs like digital signatures, biometric protocols or other means meant for privacy protection. The identifier follows a concept called ‘Privacy by Design’.

This type of privacy design eliminates dependency on centralized registries for identifiers as well as bars dependency on the centralized public key infrastructure [PKI] registry.

The announcement has received a positive feedback from the onlookers.

Crypto Review,  a user on Twitter, says:

“Brilliant news, congratulations $ONT @OntologyNetwork”

Another Twitterati, Cryptokid commented:

“Congratz! Great next step to the smart economy $ONT $ONG $NEO $GAS”

Albert van Nuil, a crypto enthusiast says:

“Another prove of choosing the right way. Congratulations on this milestone.”

On 21st August, Infinito Wallet announced its partnership with Ontology as of 17th August. The company has also declared its full support for Ontology’s Mainnet and ONG tokens by early November this year.

Infinito Wallet partners with Ontology | Source: Twitter

Infinito Wallet partners with Ontology | Source: Twitter

Currently, the wallet supports Bitcoin [BTC], Ethereum [ETH], Bitcoin Cash [BCH], EOS, Litecoin [LTC], GAS, Dash, Ethereum Classic [ETC], and Dogecoin. In addition to the above, the wallet also supports ERC20 and NEP-5 standard tokens.

In their official blog, Infinito Wallet stated that both the companies were looking for future technical collaborations that will bring their strategic partnership to a whole new level.

On 20th August Ontology also announced its strategic partnership with ALLIVE to explore the Healthcare vertical.

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Anvita Mysore Vadiraj is a full-time content writer at AMBCrypto. Her passion lies in writing and delivering apt information to users. Currently, she does not hold any form of cryptocurrencies.