- The partnership will center around use of blockchain for land management
- As part of the deal, GoWithMi will receive $1 million in funding
- The deal with Ontology is the latest in a long line of partnerships for GoWithMi
Ontology, an enterprise grade Blockchain network that provides secure and bespoke client chains announced on Monday that they have joined hands with GoWithMi, the world’s first decentralized location-based service infrastructure to jointly develop decentralized services on the Ontology public chain platform. GoWithMi has reportedly received a million-dollar investment to carry out a mutual and strategic cooperation between parties regarding terms of digital twin land rights and decentralized location based services.
Long list of impressive partnerships
GoWithMi is already in strategic cooperation with various major organizations all over the world. China’s Beidou Civil center, Southeast Asia’s largest travel sharing company Gojek, Indonesia’s Largest O2O service platform Akulaku, Southeast Asia’s largest consumer lending company Shopee, Indonesia’s Largest e-commerce company Zoomy as well as major brands like Honda, Toyota, and dozens of others giants.
It is also the company behind the 18th Asian game’s Smart Map App in Indonesia. The company integrates location based services, oracles and consensus maps and is working on complementing the application of blockchain in real economy, thus upgrading entity businesses to a new generation of programmable businesses.
Decentralizing land rights
GoWithMi will receive full technical support from the ontology team and will jointly work towards decentralizing land rights on the Ontology public blockchain and other co-marketing activities in Indonesia. ONT will be official added as a payment method by June this year.
Location-based services are considered one of the three basic Internet service connecting the real world with the virtual world. Working together to build the first cross-platform decentralized service infrastructure both parties will be creating a plan that allows regional members to participate in the production, distribution and management of information and in return they gain rewards for participation in location based services and other on and off chain activites. Andy JI, the co-founder of ontology said:
“Ontology continues to expand the ecological layout in the strategic process of insisting to the ‘entity based’ approach, and through technical means to achieve effectively complement and upgrade of various key entity scenarios . At the same time, it is also actively exploring overseas markets. Now it is time to focus on the physical applications that can solve the pain points.
The cooperation with GoWithMi is a good opportunity to promote the development of navigation, maps, and other applications, which will promote the blockchain to become a common infrastructure at the same time, we are very pleased to be able to promote the proximity of developers and community partners in Indonesia and even the entire Southeast Asia through this cooperation and look forward that Ontology technology can be used as a window for GoWithMi applications, bringing more convenience to users’ lives.”
As previously reported by Blockchain Reporter ontology joined hands with Google earlier this February to launch the ONT development platform on Google cloud services. They will be developing a dApp called ont_dev_platform that provides tools for development of smart contracts on the Ontology public blockchain.