ONTOCHAIN: Transparent Knowledge Management with Blockchain

In the era of information, trustworthy knowledge is essential for shaping a healthy societal landscape. However, the threat of misinformation has become a significant worldwide concern. This reality has led to the inception of ONTOCHAIN, a ground-breaking project under the European Commission's Next Generation Internet initiative. Launched in September 2020, this ambitious project aims to offer a solution to the challenge of secure, transparent knowledge management and service interoperability on the Internet.

Driving Innovation with Blockchain and Distributed Ledger Technologies

The crux of the ONTOCHAIN initiative is the revolutionary application of Blockchain and Distributed Ledger Technologies. These technologies play a pivotal role in enhancing trust, traceability, and security, thereby increasing transparency and trustworthiness in various sectors of society. By harnessing their capabilities, ONTOCHAIN seeks to develop advanced solutions to preserve the integrity and reliability of information and content.

Fueling Multidimensional Growth Across Various Domains

ONTOCHAIN’s scope of influence is broad, encompassing areas such as health, economy, mobility, public services, energy, sustainability, news, media, entertainment, Industry 4.0, tourism, and beyond. The initiative serves as a catalyst for innovation, providing funding to internet innovators, be it from academia or high-tech companies. This backing supports the conceptualisation, development, experimentation, and integration of new Blockchain and Distributed Ledger Technologies.

Three-phase Progression for Focused Development

The ONTOCHAIN project employs a three-tiered structure for its progression. In the first initiation phase, teams conceptualize the multilayer and modular ONTOCHAIN Technology framework with expert coaching support and cross-collaboration workshops. This phase also includes raising awareness of the ONTOCHAIN Concept/Framework at top events, with the six best teams advancing to the second phase.

The second phase is a propagation and diversification phase where teams fine-tune and set the ONTOCHAIN framework, developing and applying it through specific use cases. Tailored coaching on technical and business topics will be provided, and the latest ONTOCHAIN advances are showcased in top events.

The third and final phase focuses on the sustainable implementation of the ONTOCHAIN concept and use cases. Teams will bring their previous use case to the next stage of readiness for market deployment, with a defined and elaborated business model for the purpose of the ONTOCHAIN exploitation.

Empowering Innovators and Sharing Success

Beyond the provision of valuable knowledge and resources, ONTOCHAIN also offers a nurturing environment for the growth of its participants. A network of Blockchain Experts provides coaching, mentoring, and training in business and Blockchain related topics. The initiative also offers visibility and community building, alongside access to top software infrastructure. Reflecting the project's commitment to shared success, a total amount of 4.2 million euros will be distributed to the ONTOCHAIN teams through three consecutive research and innovation Open Calls.

In conclusion, the ONTOCHAIN project is more than just a program; it's a movement. It represents a revolutionary step towards secure and transparent knowledge management. It harnesses cutting-edge technology to combat misinformation and offers tangible solutions for real-world problems. Ultimately, ONTOCHAIN is about creating an Internet of Humans, where trust, transparency, and truth reign supreme.