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What’s the Big Deal about China’s First Open-Source Blockchain Platform NEO?

In late July this year, Antshares – China’s first open-source Blockchain platform – organised a meeting at the Microsoft headquarters in Beijing which was attended by 200 representatives of different organisations. The gathering was about Antshares’ big announcement of its rebranding as NEO, a project with renewed and innovative Blockchain development plans.

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The new brand name has been taken from Greek, and it means youth and novelty. The ANS symbol will change to NEO soon, and in the meanwhile, the NEO developers are working on new clients and a UI for the revamped brand.

Several major potential investors, industry specialists, Blockchain enthusiasts, and representatives of the Chinese financial and mainstream media attended the meeting. Among the presenters in the conference were:

Da Hongfei, founder of NEO, spelled out NEO’s plans and strategies in the context of the future of Blockchain technology, where decentralised commerce, digital identities and digitisation of different assets will become a reality with the new smart contracts code. Emphasizing the need for transparency and openness of data, he elaborated on how the new ‘Smart Economy’ would be based on a new smart contracts system.

His major announcements at the event were:

NEO is partnering with certificate authorities in China to digitise real-world assets using smart contracts. NEO has been granted a new patent for cross-chain distributed interoperability. Among NEO’s recent startup partners are Bancor, Agrello, Coindash, Binance and Nest Fund. More partner announcements will be made soon. NEO to have Smart Contracts 2.0

Erik Zhang, core developer of NEO, introduced Smart Contracts 2.0 to the audience and explained the major differences between NEO and Ethereum. Ethereum uses its own language called Solidity for programming, whereas NEO supports all programming languages via...

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