OnChain, based out of Shanghai, was founded by Da HongFei and Erik Zhang, the same two who started NEO. OnChain exists to help government and Enterprise users establish private blockchains using NEO’s technology. NEO got started back in 2014, and with OnChain’s help has grown to be one of the largest blockchains in the world.
A number of successful ICOs have been launched on NEO, including Red Pulse (focused on news about China) and Deep Brain Chain (AI on the blockchain). OnChain has also reached deals with local and provincial level governments in China, and has started expanding into Europe.
NEO Smart Contracts can be written in many development languages prevalent in the Enterprise space, including Java, Kotlin, C#, VB.Net, JavaScript, Python, and Go, with support for more languages promised for the future. NEO may face some hurdles to adoption because it costs 500 GAS to deploy a Smart Contract, which would cost over $20,000 at today’s prices. That’s doable for large Enterprise customers, but it’s likely to prevent developers from experimenting with the platform.
