 Neo was rebranded from ant shares and is often referred to as the Ethereum of China the Ethereum killer and dog and the one There are a lot of reasons to look into neo But for today we're going to focus on neo's goal to create a smart economy by digitizing assets and automating the management of digital assets using Smart contracts the equation goes something like this digital assets plus digital identity plus smart contracts equals the smart economy Neo wants to bring everyone into this new economy by making it as secure and simple as possible Here's the breakdown digital assets digital assets are programmable assets that exist in the form of electronic data in order to buy and sell digital assets You need to have a verified digital identity digital identity refers to the identity information of individuals organizations and other existing entities in an Electronic form in order to transact with complete trust neo has the neo contract smart contract system Contracts with the main feature being that you can program neo smart contracts using existing programming languages Which is different than a theorem which uses its own programming language solidity This all makes up the neo smart economy which has set out to digitize all assets and allow trustless digitized commerce on a public blockchain So companies will be able to digitize their services and product To build apps on neo in order to safely and transparently transact with one another to understand this let's go back Basically in the beginning if I had a berry and you had a bunny We trade if I reneged on the deal and scarfed up the berry as soon as gave me the bunny Our tribes would war and people would die and the whole scene would descend into chaos Then we became more civilized if I wanted to trade my berry for your bunny We could set up a time and a place and transact and if I reneged our respective legal systems could make sure that you will Compensated for your lost bunny and I was punished for my berry addiction from there the internet grew and now I can trade my Berry in America for your bunny in Japan We make a deal and you send me the bunny and I again reneged in this case depending on how much information you had on me You may never get reparations for my misdeeds and I can sit fat and pretty with berries bunnies and alliteration This is the problem neo hopes to solve with a smart economy with a smart economy My identity is verified even if you cannot see it my berry is digitized and so is your bunny We enter into a smart contract which is made up of code and cannot be bribed or corrupted The contract can track the entire exchange to ensure that I receive my bunny and you receive your berry And we are both happy and neither of us can renege if you like the sound of neo and their smart economy It is currently sitting in the top 10 coins on coin market cap with a price of around $130 it can be found on a number of exchanges tune in next week for our follow-up on gas the currency that fuels Neo's ecosystem as a result of poor time management skills and seasonal depression We are not able to fit in as many jokes or comedy into this video as we would usually like so as a form of apology We will leave you with this