Chinese blockchain startup NEO describes itself as a distributed network for the “Smart Economy.” It creates solution, using blockchain, smart contracts and a new technology which stores real assets in a digital form.
Established in 2014,the company renamed to NEO in 2016.
Neo built its own smart contract system – NeoContract.
“On the NEO blockchain, users are able to register, trade, and circulate multiple types of assets. Proving the connection between digital and physical assets is possible through digital identity. Assets registered through a validated digital identity are protected by law.”
Users create their profiles on NEO’s blockchain both as individual and companies, can keep and manage their assets safely. In order to pass the verification to access the records, the platform will employ biometrics:
“Our verification of identity when issuing or using digital identities includes the use of facial features, fingerprint, voice, SMS, and other multi-factor authentication methods.”
If you believe in smart contract, you should definately add NEO’s tokes to your wallet. But don’t forget about the regulations and bans in Asia.