Ontology Network, a high-performance, open-source blockchain focused on digital identity and data, writes in a blog dated October 1 that on September 21, 2021, Ontology, in collaboration with AP. LLC, a Japanese consulting company with “strong ties” to local research institutes and researchers, confirmed that their “jointly developed blockchain-based anti-falsification program has been linked to the inventory management system of ZAICO, a Cloud inventory management software company.”
Established in 2017, Ontology is a “high performance” public (permissionless) blockchain specializing in decentralized identity and data. With an extensive suite of business-ready apps, Ontology is “attracting worldwide attention as a platform that promotes blockchain-based solutions for enterprises,” the company claims.
This year, Ontology’s presence in Japan has “grown substantially, with its native token ‘ONT’ having been listed on local crypto exchanges Decurret and Huobi Japan.”
As mentioned in the blog post, Ontology and AP.LLC have been “exploring ways to implement Ontology’s blockchain-based program into the inventory management solution provided by ZAICO to improve traceability, transparency, and reliability.”
They update further noted:
“Now that the development of the program is complete, clients will be able to use blockchain-based, tamper-evident, accurate and traceable inventory management with unprocessed inventory data output from the ZAICO system at a significantly lower cost.”
The announcement also mentioned that the program utilizes ZAICO’s CSV output function and inventory data registration/retrieval APIs, “and is very user friendly, requiring only a few steps to complete.” The inventory data is “encrypted and recorded on the Ontology blockchain, ensuring that it remains secure,” the blog post noted.
As explained in the update, the data registered on Ontology blockchain can be “verified later to attest its authenticity.” The Ontology team added that this web-based program is designed to be widely used “not only in inventory management systems but also in other types of systems that handle ledgers.”
By holding the utility token ZAPC when implementing the program, the data registration screen and verification screen “can be customized according to the service, which makes it possible to develop it as the user’s own service,” the blog noted.
You may reach out to AP.LLC Development Department “if you would like to adopt this service for your own business or application.”
As previously reported, the Ontology blockchain aims to increase “privacy, transparency, and trust.” The high speed, low cost, layer 2 blockchain is “designed to give users and enterprises the flexibility to build blockchain-based solutions that suit their needs, while also ensuring regulatory compliance.”
Through Ontology’s Ethereum Virtual Machine (EVM), Ontology “ensures frictionless compatibility with Ethereum, the first step in the creation of the Ontology Multi-Virtual Machine and further interoperability for the chain.”
As noted in the update, ZAICO is a Cloud inventory management software that has been “supported by a total of 120,000 users.” It is a free service that can be “used on PCs, tablets, iPads, iPhones, and Android applications, and supports the smooth development of businesses by optimizing inventory management as well as reducing the number of personnel and costs involved in inventory management.”
A series of research support services, including ZAICO, “were accredited by the Ministry of Education, Culture, Sports, Science and Technology (MEXT) as a ‘Research Support Service Partnership Accreditation System’ on April 1, 2020.”
ZAICO continues to “expand and enhance its services and functions to contribute to the improvement of Japan’s research environment, the promotion of science and technology, and the fostering of innovation.”