Ontology has announced partnerships with CCX Credit Technology Co., Ltd, (CCX), and the China Financial Certification Authority (CFCA). Both partnerships are part of Ontology’s “real economy strategy,” which focuses on building connections between the traditional economy and distributed digital systems, without the need for complex processes and technologies.

About the partnership with CCX

CCX is amongst the first in China’s enterprise-credit-information industry to be qualified for ‘enterprise credit investigation business operations and recording.’ In January of 2015, CCX became one of the first eight institutions to receive approval to manage personal credit information for business preparation purposes. Services offered by CCX include credit life cycle support, which entails pre-loan appraisal, loan monitoring, and post-loan asset management.

CCX is often seen as a pioneer in Chinese-based credit technology, with over 20 years experience in credit risk management through the use of financial technologies such as big data, artificial intelligence (AI), and (more recently) blockchain.

Ontology hopes the partnership between the two will further support its development on top of various upper-level applications, as well as provide enterprise credit investigation services.

On the partnership, Jun Li, Founder of Ontology, stated the “cooperation with CCX will have a positive and far-reaching effect on Ontology building a more comprehensive distributed trust ecosystem. For more than a decade, CCX has been using more and more data dimensions in credit investigation and continuously applying more means of production to perform credit assessment, risk management, and big data risk control extension services.

More information about CCX can be found at its website below:

About the partnership with CFCA

The CFCA is an authoritative, national-level safety certification body established by the People’s Bank of China (PBoC) in 1998, and has received approval from the National Information Security Administration. Since its formal launch in 2000, the CFCA has committed itself to the construction of a comprehensive system based on a network of trust, and has become the largest electronic certification service organization in China.  

Through this partnership, the CFCA will provide network identity authentication services to foster a more complete and stronger trust ecosystem. CFCA’s network identity authentication platform offers digital certificate-based services, and provides multi-factor data-based network identity authentication services that include identity card verification, bank card authentication, and face recognition technology.

Ontology aims to integrate its distributed infrastructure with global and decentralized certification sources, and connect distributed digital systems with people, assets, objects, and affairs in the traditional economy.

On the topic of the partnership, Jun Li stated “Ontology is honoured to cooperate with CFCA to ensure the further implementation of blockchain technology in real business scenarios. Ontology will continue to put efforts in creating a more comprehensive distributed trust ecosystem through using CFCA’s reliable identity authentication service.

More information about CFCA can be found at its website below:

More information about Ontology can be found at the links below.