Neo Focus on China blockchain Regulatory Compliance
Neo maintains a clear distinction from other standard blockchain platforms, as it is focused on being regulatory-compliant. While digitized assets and smart contracts are popular on other blockchain platforms like Ethereum, the third key feature of what it calls its “digital identity” separates Neo from the rest.
Every individual, business or any other entity operating on the Neo platform is expected to have a unique digital identity that can be verified. People, businesses and projects have the option to transact among themselves only if the other party has the required identity, which makes the Neo network regulatory-compliant.
Even the various nodes on the Neo network may need to have identification before they can contribute to the transaction verification and other activities like accounting and bookkeeping.