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NEO's DevCon 2019 event in Seattle began in a vivid way when its co-founder, Da Hongfei, opened the event with a talk focused on the promise of the smart economy and shared his perspective on how NEO will guide the new world, based on technology, future.
It is important to note that Hongfei has expressed its strong belief that the smart economy is more than just a movement within the financial ecosystem and that it will ultimately be the next step in economic development. world, moving the world from an industry-based economy to a digital strategy. based on a.
What is the Smart Economy?
In the course of history, economic development has gone through many steps that have guided most countries to their current economic situation. Hongfei believes that a "smart economy" will be the next evolutionary stage of the economy that will move the world away from an economy based on an industry to the benefit of a digital economy.
In his speech, the co-founder of NEO explained that the smart economy would be fully digital, programmable and interoperable. Blockchain and Distributed Distribution (DLT) technology will undoubtedly play an important role in this supposedly new global economic system, but will also offer the participants of this new economy another key advantage: decentralization.
Da Hongfei, co-founder of NEO, delivers the opening speech of DevCon 2019 in Seattle.
In this brave new economic system that Hongfei will postulate to the one we are in now, its decentralized nature will result in much greater transparency and inclusion in the financial systems, but also in society at large.
In addition, Hongfei pointed out that in the smart economy, its decentralized nature would also allow greater freedom in all markets and smaller governments.
How NEO could contribute to the smart economy
Hongfei naturally believes that NEO will provide a solid foundation upon which to build this new economy, as the network encourages many projects in a wide range of industries to create services and products that can bring benefits to all, venture capitalists to potato growers. .
Hongfei and his NEO co-founder, Erik Zhang, also unveiled more details about NEO 3.0 at the DevCon event, which he hopes will help propel NEO to become the world's number 1 player. chain of channels by 2020, and to contribute to the inauguration of the new era of the smart economy.
NEO 3.0 – whose full implementation can take up to a year and a half – will provide many network benefits, including NEO's architecture upgrades, support for solutions from Layer two and sharing and greater motivation in a given order. optimize chain governance solutions while strengthening network security.
If projects and companies around the world continue to turn rapidly to blockchain to increase their operational efficiency, the global economic system could move more and more towards industrialism and the smart economy that NEO should to play.
Selected image of Shutterstock
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