$NEO is a blockchain developed to fully digitize assets and identities through smart contracts, which will facilitate the emerging smart economy. In the theory behind a smart economy, digital assets and digital identities are seen as being essential to improving the quality of life for everyone.
NEO aims to automate digital asset management through smart contracts, with the eventual goal of building a distributed, network-based, smart economy system using decentralized applications.Understanding NEO
NEO was founded as AntShares by Da Hongfei and Erik Zhang in 2014. It was rebranded to NEO in June 2017. It is a blockchain-based platform that supports two native tokens, NEO and NEO Gas. The NEO project's blockchain is designed to digitize identities and assets and use smart contracts to track and transfer ownership—a smart economy.Digital Assets
Digital assets are not only digital property but are also physical assets tokenized by transferring their value to the blockchain and having it issue a token for each asset. Tokenization creates a decentralized, trustworthy, traceable, and transparent manner for asset management, free of intermediaries and their associated costs.
Users can record, buy, sell, exchange, or circulate various assets. NEO developers believe this digitization supports asset protection because they are registered on its platform, giving them a validated digital identity.
Digital Identity
Digital identity enables verifiable key information about participating individuals, organizations, and other entities that exist in the digital context. The developers believe that securing individual information through blockchain, consensus mechanisms, and encryption methods is essential as life becomes more and more digital.
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