Ontology Network Weekly Update

Dec 30, 2023 — Jan 6, 2025

As we kick off 2024, here’s everything you need to know about Ontology’s latest developments, the growing influence of decentralized identity, and our plans for the future.

Highlights from Ontology Network 🌐

🎤 Exclusive: Geoff’s Chat with Santa

This holiday season, we brought some blockchain magic to the North Pole! In a lighthearted and insightful conversation, Geoff sat down with Santa to talk about decentralization, self-sovereign identity, and how blockchain could streamline gift deliveries.

💸 Get $ONT in ChangeNOW Wallet

Managing your ONT tokens just got easier! Now you can secure $ONT directly in the ChangeNOW wallet, simplifying your transactions and opening new doors to Ontology’s ecosystem.

🏆 Zealy Winners Announced!

Our Zealy winners have been revealed! Check your wallet — you might just find your well-deserved rewards waiting for you. Congratulations to everyone who participated in making this campaign a success!

This Week in Decentralized Identity

Redefining Digital Identity in a Decentralized World

A recent report sheds light on the limitations of centralized identity systems. These legacy approaches often struggle with security, scalability, and privacy in today’s digital era. Enter Distributed Identities, which leverage technologies like network segmentation, zero trust principles, and dynamic user access controls to deliver a future-ready identity management framework.

Web3: The Key to Digital Rights and Privacy in 2025

Web3 and blockchain are redefining privacy and data ownership. Edison Chen, CEO of CUDIS, a Web3 health and wellness company, highlights how decentralized identity solutions empower users to take control of their data — and even monetize it. This shift from corporate-owned data to individual autonomy is a cornerstone of the Web3 revolution.

Historically, big companies have controlled user data, often monetizing it without consent. That’s changing. People now want to own their data and decide how it’s shared and monetized.

Updates from the Decentralized Identity Foundation (DIF)

The Decentralized Identity Foundation (DIF) has launched DIF Labs, a forward-looking initiative to advance the development and scalability of decentralized identity solutions. This reinforces DIF’s mission to drive innovation and reshape digital identity on a global scale.

These updates emphasize the rapid progress in the decentralized identity space, pushing boundaries and empowering individuals with privacy-first solutions.

Community Updates 🌍

Engagement and Growth

With the holiday season in full swing, we paused our weekly discussions to let everyone enjoy time with family and friends. Wishing you all a wonderful start to the new year — thank you for making 2024 an unforgettable chapter in our journey!

Stay Connected 📱

Stay engaged and informed by following us on our social media channels. Your participation is essential as we continue to build a more secure and inclusive digital world together.

Follow us: Ontology website / ONTO website / OWallet (GitHub) / Twitter / Reddit / Facebook / LinkedIn / YouTube / NaverBlog / Forklog / Telegram / Announcement / Telegram English / GitHub / Discord

Your participation is essential as we build a more secure, inclusive, and decentralized digital world. Together, let’s continue making strides in Web3 and decentralized identity.

Ontology Network Weekly Update was originally published in OntologyNetwork on Medium, where people are continuing the conversation by highlighting and responding to this story.