The Senior Tech Lead of Ontology, Ning Hu, recently played the most pivotal role in the creation of all-new Standards for Cryptocurrency and Blockchain. Besides being a part of Ontology, Ning Hu is also a part of the IEEE Blockchain Standards Committee, and the former vice-chairman of the Cryptocurrency Exchange Working Group, as well as a prominent member of Cryptocurrency Payment Working Group.
Ning Hu is a Semantic Web specialist from China. He possesses twenty years of experience in high-end technological development and software engineering. Being an early bird in the space of emerging technologies, Ning Hu acquired immense technical expertise to be one of the most outstanding figures in his field. He joined Project Halo to work on the development of AI and Big Data, and from there, his journey of accumulating experiences began.
Ning Hu greatly contributed to the development of standards during his tenure as vice-chairman of the Cryptocurrency Exchange Working Group. He framed the general requisites for cryptocurrency exchanges, set a model for the management of the security of customer’s crypto assets at cryptocurrency exchanges, laid down the guidelines for anti-money laundering and identification of the user, and set the fundamental for the distributed framework for an exchange through the implementation of DLT.
During his membership at Cryptocurrency Payment Working Group, Ning Hu laid down the rudimentary of performance metrics of cryptocurrency payment and requirements of risk control for payments in cryptocurrency. He said that the prominent role of ontology in the cryptocurrency industry speaks volumes about the strength and resourcefulness of the team of technical experts of Ontology. He said that he feels honored for being bestowed with the golden opportunity of collaboration with the foremost figures in the field of distributed ledger technology and cryptocurrency. He is of the opinion that with the creation of a set of general standards, rules, and regulations, the experts at Ontology can accelerate the speed of developmental work in the field.
The foremost consensus-building institution is the IEEE Standards Association. The institution develops, nurtures, and advances international technologies through the biggest technological professional organization in the world, IEEE, that is religiously dedicated to the advancement of technology for the benefit of mankind.
It is the solemn objective of IEEE SA to converge a broad range of institutional leaders and experts hailing from different technical backgrounds under the same umbrella to collaborate and develop standards. Such an organization of specialists would work to promote innovation, enable the creation, expand the global base of markets, and preserve public health and security. It will help to drive capability, interoperability, and functionality across a wide range of goods and services that contribute to the transformation of society.