BlockDown 2020 is bringing the best brains of the blockchain to the mainstage in a virtual 2-day conference. As BlockDown 2020 media partners, we will bring you a rundown of exciting stories from talks, fireside chats, panel discussions as we cover blockchain technology during and beyond COVID-19, news from the DeFI world and more. Stay tuned!

On the first day of the power-packed virtual conference, we had NEO founder, Da Hongfei, on the main stage. He addressed the blockchain community that is currently under pandemic-induced lockdown isolation and shared his thoughts on the post-pandemic economy.

According to Hongfei, the project holds a vision to establish a smart economy on top of the blockchain. Moreover, he believes that blockchain would play a pivotal role in strengthening the economy in a post-pandemic world. He pointed out that the world was currently facing de-globalization and competitive inflation. However, blockchain’s neutrality will bridge the existing gaps between financial ideas and concepts.

NEO Blockdown Address

In his speech, Hongfei expressed that the world was polarizing every passing day. The existing trade wars and ideological clashes are destabilizing the existing setup. And there is a pressing need for an ideology that is neutral and not backed by capitalism or socialism.

Blockchain is the silver lining

Hongfei is quite optimistic about the role of blockchain in the post-pandemic world. He believes that the world is ready to move from an inefficient economic and financial system to something global, neutral and disjoint from the global conspiracies.

Moreover, he believes that blockchain has every potential to host the global economy. And ledger can act as a global database. Such open marketplaces will even out the playground for everyone.

Is blockchain ready?

Unfortunately, Hongfei does not believe the technology is ready yet. He shared that team NEO was, however, moving towards fulfilling this mission. According to him, NEO has been working on increasing interoperability, tokenization and adoption to support the smart economy.

Moreover, the Q1 of 2020 has been pretty busy for team Neo and all the steps are directed towards building a platform that can underpin the smart economy. Recently, it launched a token swapping platform that will support the swapping of 45 digital currencies against NEO or GAS.


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