Ontology Announces Partnership with Shperity
Ontology announced the partnership with Shperity, a German digital identity and cloud wallet company, with the aim of collaborating in the development of solutions to different problems facing digital identity for products and companies.
Blockchain in the supply chain
Ontology announced the partnership with Shperity, a German digital identity and cloud wallet company, with the aim of collaborating in the development of solutions to different problems facing digital identity for products and companies. Basically, Shperity's Decentralized Digital Identity solutions will be integrated to the Ontology blockchain. Furthermore, both companies will be able to access new markets: Ontology has a solid position in the Asian market, while Spherity has a dominant position in the European market, especially in countries such as Germany, Switzerland and Austria that have significant economic and technological development.
Dr. Carsten Stöcker, CEO of Spherity, explained that blockchain-based identity solutions are not primarily aimed at identifying individual citizens, but their main application lies in tracking goods throughout the supply chain. Stöcker added: "The technologies we call identity systems not only identify individual citizens and correlate their legal and financial lives with their digital lives, but they also identify machines, autonomous algorithms, corporate entities, product information, licenses and many others. things that need a strong identity and signature rights to get into this auditable, but private, transaction information system."
For his part, Andy Ji, co-founder of Ontology, explained that both companies "are looking for partners to build a proof of concept that shows the end-to-end traceability of products manufactured from their birth in an Asian factory to their sale in the market. European [...] Most likely, it is a Chinese manufacturer that already uses other Ontology services to make its transactions more auditable, and a German import sector with very high compliance needs or he faces risks to his reputation."