NEO

NEO, originally known as Antshares, is China's first open-source blockchain platform. It has been dubbed the "Ethereum of China" due to its similar functionality and aims.

Understanding NEO

NEO was developed with a unique smart economy approach. Its primary goal is to digitize assets utilizing blockchain technology and digital identity. This distributed network concept aims to revolutionize the way economies function by integrating digital and real-world assets.

The Shanghai-based blockchain R&D company, OnChain, developed NEO. The project was funded through two crowdsales. The first in October 2015 sold 17.5 million NEO tokens for $550,000, while the second sale saw the remaining 22.5 million NEO tokens go for $4.5 million.

The Advantages of NEO

NEO brings a fresh perspective to asset registration, issuance, and circulation through asset digitization and identity on its platform. Tangible assets such as real estate, company shares or even fiat money can be digitized and traded on the NEO network, creating a new economic landscape.

NEO's digital identity system allows seamless integration between the platform and the real-world economy. It boasts custom digital identity standards that facilitate electronic identity data creation for individuals, organizations, and entities using multi-layered authentication models like facial recognition, voice recognition, and fingerprints.

All digital assets on NEO are legally protected thanks to digital certificates on its public blockchain. This guarantees trust as it provides an unalterable record of all entities' holdings.

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