Digital Assets, Digital Identity, Smart Contracts

NEO’s vision of the future includes all the points that conforms a Smart Economy.

Digital Assets are programmable assets that exist as electronic data. This data can be decentralized due to the Blockchain’s nature, making it trustful, traceable, transparent and free of intermediaries. The NEO platform allow users to register, trade and circulate different type of assets. But it goes one step forward. Assets registered through a validated digital identity are protected by law. In this way, there can be a proved connection between physical and digital assets.

As the name by itself says, a digital identity refers to the ID information of individuals, organizations and other entities that exist in electronic form. The digital identity system used by NEO is based on the PKI (PublicKey Infrastructure) X.509 standard.

According to NEO, the NeoContract smart contract system is the biggest feature of the seamless integration of the existing developer ecosystem. Smart Contracts can be programmed using C#, Java and other programming languages. It is not necessary to learn a new programming language to operate in this network. Furthermore, NEO’s Universal Lightweight Vitual Machine, NeoVM, has advantages of high certainty, high concurrency and high scalability.