The NEO Project has recently generated quite the buzz around it, especially since it has been recognized as one of Ethereum’s biggest competitors. Investors from all over the world have also shown great interest in many of the projects developed on this platform.
In our article, we will cover 5 of the most promising projects that have been developed on the NEO platform.
Ontology is a public platform designed to support numerous blockchains or traditional IT projects. It implements a set of protocols which enable various functions to be applied. The most relevant examples of such functions are the authentication of digital identities, the authorization of different operations, and data exchange.
The main objective of the Ontology platform is to create a “trust ecosystem” that permits its users to develop their business operations.
Ontology has gathered a large and talented team with a great deal of crypto experience and knowledge. The project has a lot in common with NEO. For example, both projects have a common founder, the Chinese technology development company, Onchain. Da Hong Fei, the co-founder of NEO, is also the CEO of Onchain. Jun Ji, another one of Onchain’s co-founders is also one of the founders of Ontology.
After Ontology completed its airdrop in March 2018 where it distributed 20 million tokens for free, the token price has skyrocketed along with the overall publicity for the project.
Ontology has an ambitious roadmap, and so far, it has accomplished milestone after milestone in relatively rapid progression. With a strong team backing up this project, support from Onchain and the NEO community, as well as a notable list of partners, Ontology is currently on a clear trajectory towards success.
This is the project that has caused a lot of hype within the NEO community. The NEX exchange was created by the City of Zion (CoZ) team not only to handle simple buy-sell transactions but also more complex transactions.
Combining the speed and overall convenience of centralized exchanges with the inherently superior security provided by decentralized ones is the primary goal of this platform.
The exchange features an off-chain matching engine. By employing this model, orders will be signed and sent from various user addresses, matched and then signed off-chain. Subsequently, the order will be referred back to the accounts by blockchain. This enables NEX to attain the speeds that centralized exchanges possess while also upholding a decentralized user account model.
NEX is conscious of the possible conflicts of interest which can result from off-chain transactions. To avoid this, all off-chain matches will act according to a publicly trackable algorithm. This makes it possible for anyone to check if the exchange is being used fairly.
DeepBrain Chain is a decentralized neural platform that was built on top of the NEO blockchain. Its main purpose is to supply AI computational power to AI companies.
The projects whitepaper accurately describes that the platform’s goal is to offer “a low-cost, private, flexible, safe, and decentralized artificial intelligence computing platform to artificial intelligence products.”
Today’s AI companies must “teach” their computers to process how they go about neural network calculations. This is a laborious procedure which requires lots of time and resources in order to create the required intelligence algorithms.
DeepBrain significantly reduces these computing costs. By employing the platform’s unique business model, every node receives 70% of its income from mining and 30% from the fees paid by the companies who want to train AI computers.
They plan on instating a “decentralized neural network” where computational expenses that are charged for the testing of algorithms are split by the nodes on the network.
Aside from sharing the computing power required to develop AI systems, the DBC platform will also act as a secure, decentralized trading environment. Anyone will be allowed to buy and sell data in their marketplace, which provides solid security.
- QLC Chain
QLC Chain (formerly Qlink) aims to be the world’s first platform for distributed telecommunications. The platform aims to create systems that let users of the QLC network become a decentralized telecom group.
QLC offers users the possibility of “renting” out unused bandwidth to other peers on the platform. In exchange for offering their bandwidth, these sellers will be rewarded with QLC tokens.
QLC provides its users with four key services: Wi-Fi sharing, mobile data access, content sharing, and an enterprise-to-peer SMS service. To enable this, QLC will use a mobile and a desktop app. With the help of the mobile app, users can access mobile data and web pages via Wi-Fi connections.
The QLC desktop app offers basically the same features as the mobile app. In addition, the desktop app allows users to buy unused enterprise-to-peer (E2P) SMS, which can then be used to issue content through QLC.
For the time being, there are no businesses that attempt to do the same things as QLC, making them pioneers in the dedicated field. QLC’s platform opens the door for a completely new market which makes Wi-Fi more accessible, more inexpensive, and much more proficient than what is currently available.
Zeepin is a customizable platform focused on the decentralization and protection of creative works. In short, Zeepin’s main mission is to enable artists, writers, and designers to secure their work. It also gives users ways of finding locations to play at, of recruiting new talent, and of forming joint ventures.
The founder and CEO, Zhu Fei, has over 15 years of experience in the creative industry and has been an active contributor to many start-ups.
The current processes of protecting creative works are difficult and intricate. It is often difficult to find who copyrighted a piece of art and nearly impossible to demonstrate that the piece is original and has not been modified at all.
With Zeepin, users will have the ability to keep their work on the blockchain and receive “Copyright Pros,” from which they can then allocate “Authorization Pros,” which will sequentially permit easy delivery of their work in an organized fashion. This will remove any risks of their work being altered or used in an unauthorized way.
The Zeepin will also allow the integration of third-party financial institutions to enable the automatic delivery of payments to the author/creator at low costs.
These are the most promising top 5 projects that have been developed on the NEO platform. Be sure to keep an eye on them and their future developments.
You can purchase NEO from Binance exchange, one of the best cryptocurrency exchanges in 2018.