Blockchain is causing rapid changes across all industries and specifically financial services; Forbes talks with Da Hongfei, co-founder of blockchain group NEO, about the firm's innovative offerings; it is currently focused on smart contracts which can track the entire process of a contract with transparency and automated alerts for all parties involved; NEO also has a cryptocurrency token that is among the top 10 cryptocurrencies with a market cap of more than $1.4 billion; Forbes also discusses cross border transactions and fraud prevention where NEO is also incorporating digital identity solutions. Source
The native asset of NEO, formerly known as AntShares, has risen by more than 12,000% in the last seven months, according to figures from Coin Market Cap; NEO comes mostly with similar capabilities vs ethereum, just that NEO's smart contract platform NEO 2.0 supports traditional programming language while ethereum has its own programming language, Solidity; this edge will be crucial to making it a better option over ethereum for running initial coin offerings (ICOs) especially for upcoming Chinese projects. Source
An article in Hacker Noon digs into crypto platform NEO, exploring the company's background, website and white paper; what makes NEO different is that it doesn't have a crypto coin and NEO uses fiat as its internal currency; the NEO coin is similar to a traditional security, functioning as shares in the company that runs the platform. Source