NEO and Ontology Announce “Joint Task Force”


NEO and Ontology

NEO and Ontology: After signing a Memorandum of Understanding (MoU) earlier on May 14, 2018, with the Ontology Foundation, the NEO Foundation announced on Thursday that the two would be co-funding a “Joint Task Force”.

NEO and Ontology: The Task Force

The task force will focus on developing “a sharing ecosystem of smart [contracts], building open standards for smart [contracts], and cross-chain technology innovation.”

According to a recent post from NEO, the Joint Task Force was funded with a total of RMB 4 million, or approximately $627,180 USD in capital, and will be comprised …

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