Ontology (ONT) Added to the Microsoft and Amazon Cloud Computing Marketplaces

Ontology’s blockchain development product, the ONT_Dev_Platform launched on the Microsoft Azure and Amazon AWS Marketplaces. Google expects to add the platform to their software store in January 2019.

This marks a giant step forward for Ontology and the adoption of blockchain technology. Users everywhere can access the ONT_Dev_Platform for free and deploy it with just one click.

However, the price of Ontology (ONT) did not react positively to this news. The price of ONT fell from its high of $0.83 on Christmas eve to its current price of $0.56 at the time of writing. Though trading volume has increased, the price continues to fall and has yet to show signs of stopping.

ONT Chart
Image Source: https://coinmarketcap.com/currencies/ontology/

The recent price action is surprising as being added to the cloud computing giants of Microsoft and Amazon is no easy feat.

The China Center for Information and Industry Development (CCID), a public blockchain ranking index, recently ranked Ontology as fourth on the list, with a composite index of 112.6.

What is ONT_Dev_Platform?

The ONT_Dev_Platform is an Ontology blockchain dapp product built on a cloud service that allows users to build and test dapps and smart contracts.

The service includes:

  • An Ontology test mode which is a stand-alone test environment for dapp development.
  • A one-stop IDE called SmartX, used to compile, deploy, and invoke smart contracts.
  • An Ontology Block Explorer which synchronizes local Ontology blockchain information so that users you can see the block height, transactions, and more.

The ONT_Dev_Platform is free to use but users must pay for Amazon’s or Microsoft’s online virtual tools which range in price and depend on RAM space, core count, and more.

Do you think the price of Ontology will rebound and benefit from these recent developments soon? Will businesses now experiment and adopt Ontology? Let us know what you think in the comment section below.

1 Comment

  • AltcoinJesus
    Posted December 28, 2018 9:13 am 0Likes

    Classic pump and dump. Insiders must have gotten tipped off and knew just when to dump their bags.

Leave a comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.