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What is Ontology Trust Anchor?

Crypto Terms Glossary: What is Ontology Trust Anchor?

A Trust Anchor is a qualified third-party trustor which provides authentication services on the Ontology blockchain via a three-tiered mechanism that includes: (1) "verifiers" that verify and make use of trust from the (2) "trustee" which is entrusted by the (3) trustor (or trust anchor). Each of the three types of constituents work together to transparently verify data both cryptographically and algorithmically on Ontology. Trust anchors can be government agencies, universities, banks, third-party authentication service providers, or biometric technology companies, and constitute a portion of Ontology's multi-faceted trust network — much of which consists of multi-source authentication protocols.

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