Hi! steemian @ceyptorecer and also good news the two crypto blockchain sign MOU for sharing strategy and technology!
The NEO and the Ontology establishments have marked a Memorandum of Understanding (MOU), May fourteenth. The Memorandum concerns the key collaboration zones and shared assets amongst NEO and Ontology, including some joint activities.
The contrast amongst NEO and Ontology is in their vital concentrations for application improvement. Albeit NEO and Ontology are both open sources, open blockchains, Ontology will likewise make private chains for organizations and substances in people in general area, while NEO is absolutely intended to be an open chain. Private chains enable substances to store their data with higher protection and administrative consistency and can be associated with different blockchains through cross-chain conventions. Along these lines, Ontology, and NEO and in a general sense distinctive in their utilization cases, and these distinctions are probably going to wind up clearer as the stages develop.
NEO and Ontology will coordinate to make a shrewd contract biological community, and bolster the improvement of NeoVM and NeoContract, and in addition work together on creating savvy contract open norms. The two gatherings will likewise give institutionalized innovation interfaces like APIs and SDKs and offer advancement accomplishments and research comes about. Also, both will advance with cross-chain look into, with the true objective of creating integrable MainNets.
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