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Nickolay Babenko
2020-11-09 17:23:07 +02:00
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---
id: neo
title: NEO
tags: tfgrid
countries: global
cities:
team: denis_suslov, longfei_wang
rank: 1
excerpt: An Open Network for the Smart Economy
created: 2020-03-04
image: ./neo.png
logo: ./logo.png
image_caption: neo
author: nickolay
---
# NEO
## About
NEO is a scalable, fast, and ultra-secure blockchain driven by a global community of developers and node operators.
It utilizes blockchain technology and digital identities to digitize and automate the management of assets using smart contracts.
Using a distributed network, it aims to create a smart economy by building infrastructures of the next-gen Internet and creating a solid foundation for mass blockchain adoption.
## NEO and ThreeFold
ThreeFold and NEO came together to solve one major problem, which is IT decentralization for dApp developers, and particularly for developers and enterprises looking into building decentralized applications on top of the NEO Blockchain.
Through our collaboration, ThreeFold is empowering NEO dApp developers with peer-to-peer cloud capacity for decentralized storage, compute, and networking to further cost-efficiently decentralize their IT infrastructure – escaping the monopolies of centralized cloud providers, without compromising on security and efficiency.
With the ThreeFold P2P Cloud as a decentralized IT infrastructure, NEO dApp developers have the ability to build highly-scalable and decentralized, cloud-native, and blockchain-based applications using the open-source frameworks and tools they need (Docker, Kubernetes clusters, S3 storage, Database clusters, etc) and with an autonomous IT workload execution through ThreeFold’s Smart contract for IT.