Blockchain platform Ontology has entered a partnership with Flipside Crypto in a bid to add a new dimension of transparency to its blockchain ecosystem.
The partnership announced today would enable Ontology to deploy, Flipside Crypto’s suite of analytical tools that would help the blockchain platform access key data in areas such as customer behavior and other related activities.
Ontology will be gaining from the wealth of experience that Flipside Crypto brings as the platform is one of the key players within the industry. The platform is backed by some of the biggest brands in the blockchain industry including Galaxy Digital Venture, Digital Currency Group and Coinbase Ventures.
Flipside uses a process called chainwalking to extract blockchain data across different networks. This data are then labelled and analyzed to help understand network activities which makes it easier to gauge blockchain performance.
So far, over 70 blockchain companies employ the services of Flipside Crypto and Ontology would be the newest member on the list. Ontology has always been at the forefront of building a transparent ecosystem for its users.
The blockchain platform believes that Flipside Crypto will complement its existing policies and would ensure better transparency.
Ontology recently partnered with Korean Energy Logistics firm
Ontology has continued to make partnerships within the tech industry with the platform recently announcing a deal with New Energy Logistics Vehicle Industry in Korea.
Kaiyun Delivery, a broad-scope logistics service provider that specializes on urban transportation and terminal-end deliveries..
The partnership is expected to help Kaiyun Delivery achieve more effective, cheaper and easy to use transport capacity model as Ontology provides the logistic company state of art services.
Furthermore, Ontology and Kaiyun Delivery will jointly formulate specific plans to improve the transport capacity, promoting the launch of dApps and other related products.
This spate of partnerships showcases the progress that Ontology has made in its quest to become a powerhouse within the blockchain technology.