NEO (NEO) founder Da Hongfei appeared on the Blockdown 2020 digital convention on April 16, the place he spoke about blockchain’s function within
NEO (NEO) founder Da Hongfei appeared on the Blockdown 2020 digital convention on April 16, the place he spoke about blockchain’s function within the post-pandemic world.
The creator of the venture dubbed the “Chinese language Ethereum” urged that the world was at the moment witnessing a sample of de-globalization. In accordance with Hongfei, blockchain would be the know-how that places humanity again on the right track to turning into a world group.
Hongfei identified that blockchain is ideology agnostic, and whereas totally different nations could have totally different monetary concepts and ideas, blockchain could be the impartial floor which bridges these gaps:
“To start with, blockchain is ideology impartial. It’s not backed by capitalism, it’s not backed by socialism. It’s jurisdiction agnostic… Typically folks say code is legislation, I believe that’s a sensible approach of claiming blockchain is jurisdiction agnostic.”
Blockchain as international financial system
Hongfei mentioned nations within the post-pandemic world would wrestle to recuperate utilizing their very own strained infrastructure and provide traces. The NEO founder urged that whereas nations could also be tempted in direction of nationalism within the coming months as a protection mechanism, the blockchain may perform because the host of a world market:
“Blockchain can change into a world market. A ledger is a world database. If we are able to put the entire international property on the blockchain, we are able to have a world market the place everybody can commerce with everybody.”
That mentioned, Hongfei doesn’t essentially suppose the present crop of blockchains are outfitted to take care of the calls for of internet hosting a world financial system. Many of the world’s worth continues to be tied up in fiat cash, and earlier than blockchain can take over, it must enhance in three key areas, mentioned Hongfei. including:
“Is in the present day’s blockchain know-how prepared? Sadly my reply isn’t any. I don’t suppose in the present day’s blockchain can fulfill the mission to carry the human financial system on prime of it. We are able to enhance in three points: interoperability, tokenization and adoption.”
NEO was created in 2014 below the title Antshares. A rebranding job in 2017 noticed the venture shift focus to digital property and “sensible economies.” NEO additionally acts as a platform for different blockchain initiatives, most notably Ontology (ONT), which is at the moment ranked 30th by international market cap.
Blockdown 2020 runs for the subsequent two days, and can function a variety of audio system and personalities from throughout the blockchain area.