NeoID

NEO’s digital identity solution is called NeoID. It enables the evaluation of various assets and node holders using a blockchain-based identification system. This means that ownership of consensus nodes can be traced back to real organizations or individuals to ensure their legitimacy. The integration of NeoID contributes to the validity of network consensus nodes and their constituents. NeoID also makes it easier to register and use compliant financial assets on the NEO network. This feature has a lot of potential for use with stablecoins, synthetic assets, security tokens, non-fungible tokens (NFTs), and other DeFi applications.