MakoLab wins the runner-up position for GLEIO ontology!

MakoLab wins the runner-up position for GLEIO ontology!

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MakoLab scores up yet another great success on the international stage. The GLEIOOntology, created by Robert Trypuz, Dominik Kuziński and Mirek Sopek, has reached the runner-up position in 2016 Ontology Competition organized by the International Association for Ontology and Its Applications (IAOA). Nine international ontology building teams were competing for the prize, and the three finalists were invited to present their contribution to the international conference on Formal Ontology in Information Systems (FOIS) organized in Annecy, France.

The ontology created by MakoLab was in the finale and was presented in a lecture delivered by Robert Trypuz. The GLEIO Ontology describes LEI – Legal Entity identifier: the most important method for the identification of banks, financial institutions and other entities participating in financial transactions. The most important feature of the GLEIO Ontology, placing it much higher in quality than other ontologies, is the innovative way to describe changes in time undergone by the LEI identifiers or their associated data, that are typical for their practical use today. This very feature positioned our ontology high in the competition and made us the winner of the runner-up award. In our practice, the GLEIO Ontology is used by our portal www.lei.info, addressing the identification needs of global financial institutions.
MakoLab has been investing in the development of innovative technologies for many years. These technologies embrace “smart-data” approach to digital challenges. In recent years, “smart-data” projects at Makolab gained additional push through the use of semantic technologies, which brings significant input into our services for financial institutions.

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