Initially, NEO is the China’s original and open source public chain project. It servers with the combination of smart assets along with the combination of smart contracts of digital and blockchain assets. NEO enables a smarter way for assets circulation, issuance and registration.
Digital Assets- NEO
Digital assets occur in the method of electronic blockchain technology and electronic data. As they become perceptible, trust-less, dispersed and highly transparent. The multiply types of digital assets and use digital certificate to gain trust for public chain are support. Specifically, the assets issue by users through digital certificate are secures by law. Additionally, for more complex situations, smart contract can be use by users to improve and enhance the functions of assets. Moreover, they can also create smart contracts with other functions distinct to assets.
A concept of “Smart Contract” was first initiate by Nick Sazbo in 1994 more likely to the history of the Internet. Rendering to him: When reprogrammed conditions are met, contract clauses can be executed by Smart contract. Due to its highly reliable system, immutability and decentralization which provides the identical environment for smart contracts to personify its value.
NEO includes technologies like dBFT, P2P, smart contract, digital certificate, cross-chain operation protocol and superconductive trade that enables people to manage smart contract efficiently, officially and securely.