What is NEO?
A blockchain platform which provides Smart Contracts, DApps (Decentralized Applications) and Initial Coin Offering(ICOs). Simply put, NEO is the Ethereum of the East.
It’s pretty much like when you owned a LEGO platform and you started building a nice lovely city on top of it.
Compared to Ethereum, NEO is like that quiet kid in school who just sticks to himself all the time with absolutely no friends even at graduation. Yet after 10 years at a homecoming party, he shows up in his lambo (pun intended).
So why is NEO promising?
Much like Ethereum, NEO’s platform has been used for several ICOs to launch. However, NEO intends to provide digital identities (using THEKEY) in the blockchain ecosystem. This would enforce companies that are onboard to be compliant with regulations.
For the future of blockchain to exist and be adopted amongst the masses, it has to be accepted into the world we currently live in (which is currently controlled by governments, duh!). As such, companies that are interested in joining the blockchain ecosystem would need to adhere to certain government regulations.
What is the potential of NEO?
That’s honestly not a big supply of coins going around since whenever a company (ICO) joins, they hold a certain amount of the coin. But looking at it from a financial (and scarcity) point of view, the coin may potentially rise in value.
Still need some assurance? Here are some of the companies that are onboard, and a few others launching their ICOs soon enough:
China’s blockchain startup Onchain, invested in China’s largest private conglomerate: Fosun Group
Related to AI (Artificial Intelligence), intention to provide SaaS(Software as a Service)
Could NEO be the next possible pillar stone coin like Bitcoin and Ethereum with the NEX Exchange?
“NEX is a platform for complex decentralized cryptographic trade and payment service creation”
– NEX Exchange
“A blockchain-powered data and interactive exchange that passes value and data ownership back to the consumer, as well as increasing marketing effectiveness, data quality, and customer loyalty for the enterprise.”
“THEKEY Project Team is now developing an identification verification (IDV) tool with blockchain based dynamic multi-dimension identification (BDMI) by using Personally Identifiable Information (PII) which is exclusively authorized by government authorities.”
Man, that’s too much information in one sitting. If you didn’t read any of the details above, it’s fine as we’ve got a summary here:
NEO aims to create a HUGE ecosystem of services as a platform generated by the blockchain technology. As top potential companies with huge fundings continue to come onboard the project, there’s no doubt that NEO’s foundation has got to be PRETTY SOLID. It is probably safe to say that we can expect big things to happen within 2018!
Not to mention there are tons of tech development going into the project, oh wait did we mention? They run developer competitions hand-in-hand with Microsoft.
And guess what the group of developers working on the NEO open source call themselves? That’s right. City of Zion. Before we forget, they have a high council too. Are we moving into the Matrix soon?
Indeed Ethereum has had the first mover advantage, but NEO might be the next rising giant from the East. From a company’s potential point of view, NEO could possibly be THE ONE in 2018.
What are your thoughts about it?
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