Good news has come to the crypto community. Two major players of the cryptocurrency arena — NAGA and Ontology — have announced their long-term strategic partnership that is aimed at bringing “significant and powerful change” to the financial-technology (fintech) market. The companies are going to revolutionize the way business is run.
The two projects have an aim to change the fintech market through implementation of highly-effective public blockchains supplemented by distributed ledgers and smart contract systems. The idea is to provide support to real scenarios and applications in the business sphere.
NAGA is a German company that is focused on financial markets, cryptocurrencies, digital assets and goods. It has become a unified cryptocurrency ecosystem that ensures absolutely transparent and secure trade of financial instruments and virtual goods of different types through the first of its kind crypto-gateway.
Ontology is a project of another type. It is an open public multi-chain project and a distributed trust cooperation platform. Ontology offers public blockchains with a range of distributed ledger and smart contract systems. Ontology provides different protocol groups that support cooperation amongst chain networks.Moreover, its system has a capacity to adapt public blockchains for various applications.
The two blockchain giants will unite their forces to analyze development and implementation of applications, creation of distributed trust ecosystems and new public blockchain infrastructure. All this work will be done with a view to bring changes to real scenarios and business applications.
Though two large projects, having purposes and ideas as NAGA and Ontology have, quire rarely establish such strategic partnerships, NAGA and Ontology teams are quite excited about the opportunities that now will be opened for them.
Yasin Sebastian Qureshi who is NAGA Founder and Executive Director said: “We think that this partnership can really change the way crypto companies act and execute their promises. Our and Ontology’s precision and hard-working ethos will help us to not only deliver products ahead of the roadmap, but to also make them more reliable and more valuable for the whole community”.
His colleague Benjamin Bilski, NAGA Founder and Executive Director, is also very positive about their new partnership: “We are super excited about the Ontology project and we are eager to announce new developments in cooperation with the platform. We believe that it will help to boost and grow our business exponentially”.
Their partners from Ontology consider the strategic partnership to be rather promising and mutually beneficial for the both projects as well. The project’s founder Jun Li stated: “We are happy to welcome NAGA to build up the application ecosystem through wielding Ontology’s next-generation public chain infrastructure […] We feel confident that together we can open up the international market, expand the Ontology ecosystem, and advance global blockchain development”.
While NAGA is aimed at ensuring financial inclusion for different social groups all over the globe, Ontology is working on providing identity, trust, data exchange, and authorization to various industries, among its priority target groups are governments, the medical sphere and the insurance industry. The variety of Ontology’s projects and its experience in different spheres can become a good supplementation for NAGA’s ecosystem, bringing even more trust and efficiency on its platform. But only time will show how these two giants will be getting along.