What is Neo?
Neo, formerly known as Antshares until a re-branding in June 2017 is the first open source public blockchain developed in China. They had the first phase of their ICO back in 2015 and the second phase in late 2016, in total raising over 8000 Bitcoin and securing a partnership with Microsoft.
Dr Hongfei, the creator of Antshares is also the CEO if Onchain; which is an open source international blockchain which effectively allows different blockchain to interact with each other whether they are public, private or consortium.
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Neo serves as a smart asset platform, which is defined as a combination of smart contracts and digital assets, Using the blockchain technology they digitize a variety of real-world assets and allow for peer to peer trading this removes the need for a trsuted 3rd party, as well as making trades traceable and highly transparent.
The Neo company are currently working on the overall development of the technology and are said to be working closely with Alibaba.
Their is huge potential ahead for NEO and if you have already invested in Antshares then you will not miss out, the token name will be changing to NEO in the final quarter of this year.
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