NewsBTC
No Result
View All Result
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Breaking News: Bitcoin Price Slips Below $108,000: Peter Schiff Anticipates ‘Brutal’ Bear Market, CZ Responds
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Bitcoin News
No Result
View All Result
Breaking News: Bitcoin Price Slips Below $108,000: Peter Schiff Anticipates ‘Brutal’ Bear Market, CZ Responds

Exclusive: NEO GM Says Blockchain Could be Used to Replace Facebook

tim copeland
tim copeland
1 year ago
2 mins read

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

A senior NEO executive has questioned how Facebook handles data, offering blockchain as a solution to the problem of data consent. Speaking on his first time in London, he also said NEO are planning to create a European office to access the western market.

Blockchain: More Transparent and Private

Chen ‘Johnson’ Zhao, General Manager of NEO Global Development, said that it is difficult to tell who controls user data on Facebook and that there is little emphasis on users providing consent over who has their data. Speaking at the ‘Zeroing in on Europe’ conference on June 16 as part of London Tech Week, he also looked at the issues of compliance for cryptocurrencies.

Zhao said: “Take Facebook, the data is transferred in terms of, I don’t know where my data is transferred on Facebook. To a third party? To someone else? It’s not really focused on consent of the data owner. Blockchain has an opportunity here, in general.”

“For example, my jogging data, this can also be an asset. These will be heavily traded, I believe, in the future. We will be able to exchange value, or data, with our consent. It’s going to be more transparent and privacy will be protected.”

Zhao also spoke on his previous experience of working in the financial sector and said that there was a lot of cost for reporting and complying with regulations. Regarding blockchain, he said that the regulatory side of it is ‘difficult but exciting.’

He said: “We need to build in both identity and data rules. Compliance reduces Ponzi schemes, manipulations and hacks. China banned ICOs mainly because of the Ponzi schemes. Preventing these are very important. It will help the blockchain space go mainstream.”

Zhao mentioned that NEO has a digital identity layer which allows for users to attach digital signature to assets. He said that it is important for providing the details on where a token has come from, where it’s going, for what reason and at what time. He called it a ‘micro-level of compliance trail.’

He also said complying with regulations when using blockchain technology could open up new industries that would otherwise be hard to move from paper to digital.

He said: “It’s difficult to disrupt the supply chain industry because so much of the data is on paper. It’s not easy to bring the data from paper to a database. It costs a lot to bring them to digital records. We believe, in the future, the economy will be running in the digital form. Not just assets but our activities. ‘Things’ [IoT] will also have identities, hopefully.”

NEO is the twelth highest cryptocurrency ranked by market cap. Recently, NEO Global Capital contributed to the £12 million in donations for Crowdequity platform Republic. NEO Global Capital opened in March and have since invested $1 million in smart economy workforce platform Moonlight.

Tweet123Share196ShareSend
tim copeland
tim copeland

tim copeland

Comments 1

  1. Marcia B. Beasley says:
    7 years ago

    St­art making extra profit on weekly basis… This can be an awesome part-time job opportunity for anybody… The best part about it is that you can work from comfort of your house and start earning $100-$2k each week … Apply now and have your first payment by the end of the week>>>> DROID.WS/oUT4o

    Reply

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Comments 1

  1. Marcia B. Beasley says:
    7 years ago

    St­art making extra profit on weekly basis… This can be an awesome part-time job opportunity for anybody… The best part about it is that you can work from comfort of your house and start earning $100-$2k each week … Apply now and have your first payment by the end of the week>>>> DROID.WS/oUT4o

    Reply

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Related News

Bitcoin

Bitcoin’s Creator Just Took A $20 Billion Hit — If He’s Still Watching

Satoshi Nakamoto’s Bitcoin stash lost more than $20 billion as markets pulled back this month, erasing a chunk of paper...

Christian Encila 7 hours ago
Bitcoin

Bitcoin Price: 7 Vital On-Chain Signals Spotted From Recent Crash

In the last week, Bitcoin prices fell from around $115,000 to below $105,000 amid a widespread crypto market correction. According...

Semilore Faleti 9 hours ago
Bitcoin

Bitcoin Slips Below STH Cost Basis – Why This Could Be A Buy Signal?

Bitcoin price has continued to hover in the range of $106,000-$108,000 over the last 24 hours. The premier cryptocurrency is...

Semilore Faleti 12 hours ago
Load More

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Related News

Ethereum

Ethereum Kimchi Premium Spikes To New High — Sign Of Impending Sell-Off?

Opeyemi Sule 1 hour ago
Bitcoin

Bitcoin’s Moment? Analyst Urges Traders To Swap Gold For Crypto

Christian Encila 3 hours ago
scaderea_bitcoin

Bitcoin își testează limitele: ce urmează după cea mai mare corecție din 2025?

antonio 6 hours ago

Premium Sponsors

Press Releases

  • イーサリアム 今後の価格動向:$4,232のレジスタンス再試し後に下落、しかし新興格安仮想通貨が10倍の可能性

    イーサリアム...

    16 hours ago
  • ビットコイン 今後の価格見通し:下降トライアングル崩壊後、10万5,000ドルを下回る可能性はあるか?

    ビットコイン...

    16 hours ago
  • シバコイン 今後はどうなる?価格予測と3日後に終了する注目プレセール

    シバコイン...

    16 hours ago
  • パイネットワーク 価格 予測:1ドル以下で注目される次世代の有望仮想通貨が投資家の注目を集める

    パイネットワーク 価格...

    16 hours ago
  • ドージコイン 今後:ナスダック報道後の大規模売却、次の大きな動きの前兆か?

    ドージコイン...

    17 hours ago

Newsletter

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Company

  • About Us
  • Advertising
  • Contact Us
  • Privacy Center

Social

© 2025 NewsBTC. All Rights Reserved.

  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play Games
  • Casinos
Advertise

© 2025 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.