NEO, a undertaking dubbed the “Chinese Ethereum”, and the Blockchain-based Services Network, or BSN, are becoming a member of forces to push blockchain’s mainstream adoption ahead, in keeping with an official announcement on July 22.
Overcoming main obstacles
High entry obstacles and fragmented developer experiences are main obstacles that are stopping the mass adoption of blockchain know-how, in keeping with the report.
To remedy these issues, BSN goals to offer a public repository of blockchain assets. The community may even attempt to scale back prices associated to improvement, deployment, operation, upkeep, connectivity, and utility administration.
As one of many first public blockchains supported by the community, NEO says it’ll leverage BSN’s international public metropolis nodes and portals to assist builders overcome the hurdles and challenges that stop mass adoption.
Leading enterprises similar to Chinese State Information Center, China UnionPay, and China Mobile may even be a part of the blockchain union to speed up adoption. Da Hongfei, Founder of Neo, famous that:
“Blockchain adoption has accelerated dramatically within the past few years[…] we look forward to overcoming the challenges facing mainstream blockchain while fostering cross-industry collaboration.”
NEO was created in 2014 underneath the title Antshares. The undertaking rebranded in 2017, shifting focus to digital belongings and “smart economies.” NEO additionally acts as a platform for different blockchain tasks, most notably Ontology (ONT).