If all goes well, $700 million worth of cryptocurrency is about to find a new home.
That's because Shanghai-based Ontology, a project working closely with those behind the "smart economy" blockchain Neo, is expected to launch its live blockchain on June 30, a step that will find one of the top 20 crypto assets finally releasing its own proprietary technology.
Described as an enterprise-focused platform, Ontology is seeking to provide a high volume of fast and cheap transactions, all while helping businesses grapple with the thorny problems of interoperability and identity. As such, Ontology is one of several public blockchains catering to enterprise that have recently or will soon go live, Tron and Vechain being other notable contenders.
However, what might distinguish Ontology's claims is the experience of the team.