NEO is nothing but an open network for all types of the smart economy. It is actually the most widely used open source project which utilizes the blockchain technology and as well as the digital identities. All of them are mainly to digitize the various assets and also automate such digital asset management using the smart contracts. With the help of the distributed network, it usually targets to make the smart economy.
This online network was founded in the year 2014. Then, it is open sourced on GitHub in June, 2015. MainNet of this platform was actually released in October, 2016 and it has been running in the even capacity for just two years. The main vision of this networks smart economy was to setup with the rebranding of the project in the year 2017. For this purpose, they are generally using the digital assets, digital identity and also the smart contract.