The Chinese blockchain DApp platform NEO is releasing the NEO3 Preview1 on a pilot testing network. The main purpose of this launch is to get some fair ideas on major changes and updates in the build.

With the release of NEO3 Preview1, the developer communities can identify any sort of architectural changes or updates in the model. However, the official launch schedule of NEO3 is lined up for next year. This Preview1 release has taken a step forward in achieving the goal of delivering large scale commercial applications. It is important for building a smart and efficient economy with the next-generation Internet. Moreover, this development aims to offer robust stability, throughput, and optimized developer experience.

Earlier in July, Ontology, and NEO, the two blockchain platforms of China announced to build a blockchain-based global cross-chain platform. The firms intended to develop an interoperable protocol for the next-generation internet. To achieve interoperability, NEO worked on protocols and supported components for various digital assets. On the other side, Ontology was looking after the development of its decentralized identity framework. This collaboration was the first step towards the development of a global cross-chain platform. Slowly but surely it will enter various projects and companies to resolve real-life applications the source says.