NEO is currently being called the Ethereum of China. NEO uses Blockchain technology to digitize assets. Using smart contracts NEO has been able to create “smart economy” within its distributed network.
Formerly Known as Antshares which was one of China’s first open source Blockchain platform. NEO was rebranded and developed in 2014. NEO comes from the Greek word “NEO” which in translation means new, youth and novelty.
CEO of Onchain and founder of NEO Da Hongfei, along with Erik Zhang (Cofounder) is currently working with big companies such as Microsoft to further develop and improve NEO. Currently NEO has the “Okay” from the Chinese government to proceed with its plans.
Currently NEO is being worked on by hundreds of developers and is the spotlight in the crypto currency stage.
Further Information on NEO’s development remains much in speculation as most of the sources regarding it are in Chinese. All we can do is wait for a reliable translation.
Digital Identity – NEO implements a PKI (Public Key Infrastructure) X.509 standard. Additional features to verify and register identities include fingerprints, voice matches, facial features, SMS, legal documents and various identity verification methods.
Digital Assets – With Blockchain technology NEO is able to digitize your electronic data into assets. The digitization process is transparent which means everyone can see it, decentralized and secure. Within the Blockchain users are able to freely trade within the community.
Digital Assets come in two forms: Global and Contract assets. Global assets are public while Contract assets are private and can only be seen by those who are involved in the transaction.
Smart contract- First proposed by Nick Szabo in 1994, a smart contract is defined as: When a pre-programmed condition is triggered, the smart contract will execute the corresponding contract terms. To put it in simpler terms, a smart contract is a set of commitments defined in digital form. With Blockchain technology it is very much possible to implement such contracts online.
NEO’s smart contract will be called NeoContract. Unfortunately NeoContract is still under development and data on its implementation is still unclear, however NEO claims that the smart contract will be one of their greatest features.
All Time High of NEO
Market Cap of NEO as of September 13, 2017
Volume (24 hours) as of September 13, 2017
Circulating Supply of NEO as of September 13, 2017
Max Supply of NEO
Known Backers and Partners of NEO:
- The People’s Bank of China (PBOC)
- Wanxiang Blockchain Labs
- Wanda Group
- Juzhen Financials
- Zhongnan Construction
- Shanghai Insurance Exchange
Major Team Members of NEO (from their website):
- Da Hongfei -Founder of NEO
- Erik Zhang -Co-founder and core developer of NEO
- Tony Tao – Secretary-general of NEO Council
- Johnson Zhao -Business development and operation
- You Xinfei -Public relations
- Dong Guohua -Community operation
- Chris Chen -Developer
- Huang Shuxi
- Community operation
- Peter Lin – Developer
- Sharlyne -Community operation
- Ray -Test engineer
- Fred Huang -Overseas community operation
- Nathan Chen -Community operation
- Lights Li -Core developer
- Susu – Community operation