NEO (formerly known as Antshares) is a smart economy platform and the first Chinese blockchain project. The project was founded in 2014 and was real-time open source on GitHub in June 2015. It aims to develop a "smart economy" with a distributed network by utilizing blockchain technology and digital identity to digitize assets, and automating the management of digital assets using smart contracts.
The NEO Use Cases are the following:
Digital Assets- NEO aims to convert traditional assets into digital ones using smart contracts. These digital assets will be decentralized and will be protected by law using digital certificates on the blockchain, which in turn, will guarantee trust.
Digital Identity– NEO will enable the creation of identity information of organizations, individuals, and entities in electronic form. These identities will be usable via multi-factor authentication mechanisms such as facial recognition, fingerprints, voice recognition, and SMS.
Smart Contracts– in NEO, unlike other smart contract platforms, you need not learn a new smart contract language. If you are a developer using C#, Java, or any other mainstream programming language, you can get started right now to code your smart contracts. NEO’s Universal Lightweight Virtual Machine (NeoVM) has the advantage of high certainty, high concurrency, and high scalability for smart contracts based on the blockchain.
DApps– NEO will support the development of decentralized applications by continuously supporting and developing more mature development tools and techniques. (See our extensive guide on DApps here.) Some of the examples of DApps are smart funds, AI-assisted legal smart contracts, and decentralized exchanges.
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Weiyu "Wayne" Zhu
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