Today, Ontology, a distributed trust collaboration platform, and public multi-chain project announced their partnership with CarBlock, a transport system solution provider based on blockchain and smart contracts. CarBlock has nearly 410,000 active vehicles, and claims to offer real-world applications, like peer-to-peer rentals, auto insurance, car maintenance, and repair, and also used car dealerships and car reports using CAR tokens.
The two companies will collaborate in core technology, integrate business resources, and cooperate in community operations. It was also announced that CarBlock will airdrop tokens to cars and their owners who are certified by Ontology.
As per Ontology’s real economy strategy, CarBlock would take up the task of building a platform to store the transport data, based on blockchain technology and vehicle network intelligent hardware. This platform will combine Ontology’s chain network platform with CarBlock’s intelligent hardware and IoT solutions to efficiently and fairly circulate vehicle data within the ecosystem.
This would usher in a brand new smart transport platform into the US’s automobile industry valued at $1 trillion.
Jia Li, Founder of CarBlock, speaks on this venture:
“We recognize Ontology’s technical accomplishments in public chain development, linking resources of ecosystem application partners, and dedicated support from partnering technical teams. CarBlock is the fastest growing blockchain application in the automobile industry with the most abundant industry resources. We will be using our position to promote the Ontology ecosystem and help Ontology provide more diversified industry solutions.”
Founder of Ontology, Jun Li, said,
“We are very pleased to cooperate with CarBlock to connect Ontology’s distributed infrastructure and services to more application scenarios as part of our real economy strategy. Our partnership with CarBlock will ensure effective circulation of transport data, integration of Ontology with the smart transport field, and overall enrichment of the Ontology ecosystem.”
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