Ontology (ONT) to Enable Grocery Purchasing via High-End Blocery DApp

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Thu, 11/07/2019 - 09:17
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    Ontology partners with an e-commerce dApp Blocery to let its customers purchase groceries via smart contracts before they even get harvested

Ontology (ONT) to Enable Grocery Purchasing via High-End Blocery DApp

Earlier today, the Ontology team took to its account on Twitter to spread the word about the partner the company has recently started working with. Later this year, the Blocery dApp launches a beta version to let users buy groceries via its e-commerce platform. It will take place on the Ontology chain.

Ontology invests in Blocery

The Medium post by Ontology says that the company has invested in Blocery and will provide it with tools for developing apps on the Ontology blockchain.

Offering users to buy groceries via its dApp, Blocery sees a real use-case for DLT when it could actually work for daily needs of customers. The company is going to start changing people's daily lives before changing the world, says the blog post.

The new supply chain solution (SCF) will allow vendors to receive cash from investors and the e-commerce solution will enable users to pre-purchase grocery through smart contracts even before they are harvested.

Blocery’s parent company, Ezfarm, originates from South Korea and has been working in the agricultural tech sphere for twenty years.

An Ontology co-founder, Andy JI, has commented on this collaboration:

“Blocery is an interesting case that has survived the winter of the blockchain industry with its strong agricultural background within its local market. Its supply chain finance business model would thrive in the DeFi ecosystem of Ontology.”

Blocery will migrate to the Ontology chain in Q1 next year.

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Blocery joins MovieBloc on Ontology

As reported by MovieBloc on Medium, the DLT platform for distribution video and other sort of content (previously supported by Ontology and now also a full Ontology node) and Blocery are launching a task force team. It will work on accelerating blockchain  adoption via Ontology.

The blog post says:

"Through the technical cooperation, MovieBloc and Blocery will achieve two major goals of fastening development schedule of both parties and leading Blockchain Mass Adoption."

Both companies are going to run on the Ontology mainnet in the future.

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About the author

Yuri is a journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future. ‘Hodls’ cryptocurrencies. Has written for several crypto media. Currently is a news writer at U.Today.

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