Ontology just announced a partnership with NEO to build open cross-chain platform and establish the foundation for the next-generation Internet.

The partnership will facilitate the industry’s accelerated growth by leveraging both parties’ strengths to introduce an efficient and inclusive interoperability protocol. Based on both parties’ leading positions, this partnership marks an industry-wide milestone. from ontology announcement

We are excited to announce that Ontology and @NEO_Blockchain are to build an open cross-chain platform and establish the foundation for the next-generation Internet! Read our Medium article to find out more: https://t.co/XXdxQi4pZ2 #WhenWeConnectMagicHappens $ONT $ONG — Ontology (@OntologyNetwork) July 18, 2019

Speaking on this partnership, Hongfei, Founder of NEO and CEO and Founder of Onchain, remarked that, “This partnership represents the next step for not only NEO and Ontology but also the future of the blockchain industry as we pioneer a collaborative approach to solving tough problems. By building the foundation for a global cross-chain platform, we look forward to delivering real-life solutions and uses for blockchain by surmounting challenges and issues together. As we enter our next development phase, we hope to further accelerate industry growth by synergizing our strengths as China’s top two blockchain projects while also encouraging more projects and companies to join us in building the foundation for the next-gen Internet.”

What is Ontology?

Ontology was founded in 2017 by a OnChain, a Chinese blockchain company. Ontology describes itself as a provider of high-performance public blockchains, which includes distributed ledger and smart contract systems.