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 undertaking dubbed the “Chinese language Ethereum” prompt that the world was at present witnessing a sample of de-globalization. In keeping with Hongfei, blockchain would be the know-how that places humanity again on track to turning into a worldwide group.
Hongfei identified that blockchain is ideology agnostic, and whereas totally different nations might have totally different monetary concepts and ideas, blockchain may be the impartial floor which bridges these gaps:
“Initially, blockchain is ideology impartial. It’s not backed by capitalism, it’s not backed by socialism. It’s jurisdiction agnostic… Generally individuals say code is legislation, I believe that’s a wise approach of claiming blockchain is jurisdiction agnostic.”
Blockchain as international financial system
Hongfei mentioned nations within the post-pandemic world would battle to recuperate utilizing their very own strained infrastructure and provide strains. The NEO founder prompt that whereas nations could also be tempted in the direction of nationalism within the coming months as a protection mechanism, the blockchain might operate because the host of a worldwide market:
“Blockchain can turn out to be a worldwide market. A ledger is a worldwide database. If we are able to put the entire international belongings on the blockchain, we are able to have a worldwide market the place everybody can commerce with everybody.”
That mentioned, Hongfei doesn’t essentially assume the present crop of blockchains are geared up to take care of the calls for of internet hosting a worldwide financial system. A lot 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 immediately’s blockchain know-how prepared? Sadly my reply is not any. I don’t assume immediately’s blockchain can fulfill the mission to carry the human financial system on prime of it. We are able to enhance in three facets: interoperability, tokenization and adoption.”
NEO was created in 2014 underneath the identify Antshares. A rebranding job in 2017 noticed the undertaking shift focus to digital belongings and “good economies.” NEO additionally acts as a platform for different blockchain tasks, most notably Ontology (ONT), which is at present 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 inside the blockchain area.
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