On May 3, 2018, the Ontology team made a press release to announce a partnership with NAGA Group AG. NAGA is a German-based, publicly listed FinTech company that is focused on the development of a platform where financial markets, virtual goods, and cryptocurrencies can seamlessly interact with one another.
NAGA seeks to bring the advantages of financial technology to the greater global population through an increase in accessibility to financial markets. The FinTech company has offices located in five countries, and has a handful of projects currently in operation. Such projects include NAGA Wallet, NAGA Trader, NAGA Card, and NAGA Coin, among others.
The partnership with Ontology opens up the potential for NAGA to operate on the Ontology platform. Whilst NAGA aims to create industry-leading products and global financial inclusion, Ontology prioritizes trust, identity, data exchange, and authorization. The broad range of industry applications of Ontology (such as insurance, government, and medicine) could provide greater efficiency and trust within the NAGA ecosystem.
Jun Li, Founder of Ontology, believes a partnership with the publicly listed German FinTech firm will help “open up the international market, expand the Ontology ecosystem, and advance global blockchain development.”
For more information about Ontology, visit one of the links provided below.