NEO Blockchain Platform Opens Seattle Office

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Neo Blockchain

Chinese blockchain platform NEO will open offices in Seattle, which will be headed by an ex-Microsoft executive.

Chinese blockchain platform NEO will open an office in the United States City of Seattle, according to a main announcement shown initially via Cointelegraph on Feb. 15. The brand-new workplace will be headed by ex-Microsoft executive John deVadoss.

The NEO Global Development (NGD) Seattle office will open and start recruitment this month, supposedly permitting the company to broaden into the U.S. market. Per journalism release, the NGD has actually been establishing partnerships with Microsoft and other businesses.

According to NEO creator Erik Zhang, Seattle’s track record for tech skill was among the primary draws for locating its brand-new offices, stating, “Seattle has big developer resources and a strong atmosphere of development, and NEO has actually constantly positioned itself with extreme importance in innovation development.”

daVadoos, who will lead the workplace, previously operated at Microsoft and co-founded messaging service text11. At Microsoft, deVadoss developed .NET in competition with Java/J2EE.

Purportedly referred to by some as the “Ethereum of China,” NEO “utilizes blockchain innovation and digital identities to digitize possessions and automate the management of digital possessions utilizing smart contracts.”

The network was established in 2014 and the main net was launched in October 2016. NEO is presently developing NEO 3.0, an upgrade to its blockchain that will “bring faster transaction speeds, greater stability and broadened application programs user interfaces for smart contracts.”

NEO’s eponymous token presently has a market cap of $530 million, and is trading at $8.19, up over 3 percent on the day, according to CoinMarketCap.

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