AntShares Rebrands to NEO, and a new smart Economy

Also known as Ethereum in China, AntShares re-brands as Neo and lays its road map for the future of blockchain in China.

At a social event at the Microsoft base camp in Beijing on Thursday, with around 200 individuals in participation, Antshares, the primary open-source blockchain stage created in China, reported a total rebranding of its blockchain arrangement, and also various different advancements specifying their eager arranges forward.

One of the disclosures was the stage's new name and brand, NEO, which in Greek means freshness, curiosity and youth. The engineers additionally highlighted the qualities of their propelled savvy contract code, which will bolster decentralized business, computerized personalities and the digitization of a wide range of advantages. This rebranding of Antshares speaks to another heading for the advancement of China's blockchain group.

Presently, holders of ANS would now be able to consequently create Antcoins (ANC) in their Antshares wallets, which will be utilized as gas on the stage. The ANS resource image will wind up noticeably NEO in the third quarter of 2017; in the mean time, the NEO group is taking a shot at new customers and a UI for the new NEO brand.

For the duration of the day, there were introductions from members including Microsoft agents, NEO stage engineers, and organizers of accomplice stages. Among the select participants were a few noteworthy potential speculators, industry specialists and blockchain aficionados, and additionally individuals from the Chinese money related and prevailing press.

Moderators at the meeting included:

Da Hongfei, founder of NEO -

After announcing NEO’s new brand and strategy, Da Hongfei elaborated on the future of blockchain technology, where every asset will be digitized and programmable with smart contracts. Calling for the transparency and openness of data, he introduced concepts of the “Smart Economy” and new smart contract system, and announced that he is building a new multi-chain protocol for interoperability.

Da Hongfei’s top revelations at the conference were that:

NEO is collaborating with certificate authorities in China to map real-world assets using smart contracts;
NEO has received a new patent for cross-chain distributed interoperability;
NEO’s recent new startup partners include Bancor, Agrello, Coindash, Nest Fund, and Binance, with more partner announcements to come.

Erik Zhang, Core Developer of NEO -

In his presentation, Erik Zhang discussed the evolution of Smart Contracts 2.0, and explained the main differences between NEO and Ethereum. One big contrast of these competing platforms is their programming languages. Ethereum requires developers to learn to program with Solidity. Neo, on the other hand, will support almost all programming languages via a compiler, including those on Microsoft.net, Java, Kotlin, Go and Python, greatly lowering the difficulty for developers to write smart contracts. By making its programming languages more inclusive, NEO hopes to attract a larger community of developers. Zhang also explained the mechanics of the NEO Virtual Machine, its execution engine and interoperability.

Slide Of The NEO Virtual Machine

Tony Tao, CEO of NEO and Founder of Nest Fund

Based on the concept of Ethereum’s The DAO, a blockchain-based investment fund, Tony Tao is about to release a whitepaper for a similar project. Called Nest Fund, and built on NEO’s blockchain, this fund will make improvements on the failures of The DAO. By offering a global bounty reward for any hacker who finds bugs, Nest will be audited by a worldwide peer review, and will then release its token for decentralized investing.

**Srikanth Raju, Microsoft’s G.M of Developer Experience and Evangelism for the Greater China Region **

According to Mr. Raju, blockchain technology will lead us into a new digital age, displacing traditional businesses and middlemen throughout many industries. He said that Onchain (the company that founded NEO) is “one of the top 50 startup companies in China”, and offered his support for their endeavors going forward.

Mr. Han Feng, Tsinghua University I-Center

Fostering innovation and entrepreneurship at the top university in China, Tsinghua University’s I-Center focuses on the large-scale integration of technology resources. Speaking for the university’s growing interest in supporting blockchain technology, Mr. Han Feng said that current systems of commerce are “outdated and insecure,” and that the internet is ready for an upgrade to a blockchain-based operating system. Calling for a fully-automated, blockchain-based, decentralized economy, he said we can expect a digital revolution in the years to come. This will include digital currency, decentralized storage, secure smart contract codes, IoT, AI, and many more innovations.

Chen Cheng Qiang, founder and CEO of Innospace

Located in Shanghai, Innospace is a business incubation company, with office spaces, meeting spaces, cafes and living spaces. At today’s conference, Innospace CEO Chen Cheng Qiang announced a ¥200 million CNY ($29.3 million USD) incubation fund, a collaboration between his company and the NEO blockchain team. Plans for the fund include the establishment of a new blockchain space in Shanghai, combining working spaces, startup incubation and acceleration services. According to Mr. Qiang, his company plans to provide the most successful entrepreneurship acceleration services in China.

Alex Norta, founder of Agrello

Coming all the way from Estonia, Alex Norta announced that his startup Agrello will be partnering with NEO to develop smart contracts for automation, self-execution, accuracy and transparency. Powered by AI, Agrello will be a platform for non-programmers to create their own legally binding blockchain-based smart contracts. Use cases for Agrello’s tech include renting and sharing, freelance contracting, orchestrating production flows, and reducing administration costs for multinational corporations.

Adam Efrima, COO of Coindash

With offices in Israel and Shanghai, Coindash will be a social trading platform for crypto assets, offering portfolio management tools for digital asset investors. Features of the platform will include portfolio statistics and management tools, investment automation, an ICO dashboard, and insights into other traders’ successful investing strategies. In the upcoming development of Nest Fund, a blockchain-based smart fund by the developers of NEO, Coindash will offer advisory and prediction tools for Nest’s modern investors.

Mr. Zhao Chang Peng, CEO of Binance

The former CTO of OkCoin, Mr. Zhao Chang Peng is starting his own digital asset exchange, hoping to compete with platforms like Poloniex. Calling his new platform Binance, this new exchange will only deal in coin-to-coin transactions, avoiding fiat pairs and therefore avoiding Chinese regulations. In order to maintain a standard in mature digital assets, Binance will only list coins that meet its strict criteria. With a launch planned for later this year, the platform’s first traded assets will be bitcoin, ether and NEO.

From the looks, sounds, and energy of the event, NEO has built up some strong momentum going forward. They have one the top blockchain development teams in all of China, with 50 million ANS ($325 million) to support their funding needs and a growing list of partners now aligning by their side. While it may take some time to steal the spotlight from Ethereum, we are sure to see more from this platform in the months to come.