Ontology (ONT) is Taking on DeFi With a Decentralized Identity Solution

Specializing in digital identity and data, Ontology launched a new decentralized identity solution earlier this month, making it easier and more secure for crypto holders and traders to manage and exchange digital assets. Ontology said it envisioned that the benefits of this new solution will bring benefits similar to what the EU’s Open Banking initiative is bringing to traditional finance, to crypto users around the world.

Meanwhile, users can access Ontology’s decentralized identity solution, digital asset holders can now access a 360° view of all of their holdings on one dashboard through the Ontology website or Ontology’s ONTO application. Ontology is providing a solution that connects users’ assets to their identity, providing increased security and trust to all parties, connecting the missing pieces of decentralized finance’s ecosystem: Through the use of ONT ID, Ontology’s OScore allows users to verify the full value of their holdings and view relevant financial history across their wallets, without showing a full list of those assets.

Timeline of Ontology