Divi Podcast #98: Li Jun of Ontology

On Episode 98 of the Divi Crypto Podcast, we’re talking to Li Jun, founder of Ontology and SAGA!

Kyle Turnbull

May 10, 2021 · 2 min read

Li Jun - Ontology and SAGA

Li Jun - Ontology and SAGA

On Episode 98 of the Divi Crypto Podcast, we’re talking to Li Jun, founder of Ontology and SAGA!

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Li Jun began his journey in the financial sector. After researching blockchain for a company project, Jun saw the potential of blockchain, quit his job at the financial institution, and began work on Ontology. Ontology is a protocol that operates as a decentralized identity framework that helps users manage their own data and enables blockchain-based authentication by global verifiers.

Once they had the infrastructure and the protocol, they needed a project. SAGA became that project. SAGA is a decentralized data marketplace meant to allow individuals and organizations to monetize and acquire data in a trusted, standardized, and cost-effective way.

Data is said to be the oil of this century, and it’s as important as ever to own your own data. With data trading, you can confirm your own data and exchange it peer to peer. For example, you could share your e-commerce history by linking different data sources to your wallet, it would then be verified on blockchain and then after usage, the data would not be stored.

Potential use cases

  • This is a technology that a car insurance company could utilize. Your car has all sorts of data on your driving habits that you could choose to share with an insurance company, allowing you to get a highly customized product.
  • Another use case could be a job search platform wanting to verify information found on a user's resume. They could use decentralized data protocol to verify work experience and blockchain would confirm if the history is true or not.

Jun believes the next phase of this technology will allow every resume to be verified automatically. When an organization wants information you would get a notification on your data wallet and the data will be sent peer to peer. The bank will use this data to verify all information and output a result; everything would be recorded on the blockchain.

Jun is most excited to see other uses, with new products and protocols. He says crypto is still an asset industry, and he looks forward to it moving beyond that. If you’re interested to learn more about Ontology or SAGA, visit ont.io, saga.io or download the data wallet at onto.app where you can start managing your decentralized identity and digital assets.

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Kyle Turnbull

May 10, 2021 · 2 min read

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