🕵️‍♀️ Indepth article on NEO's parent company OnChain - Chinese Government & Regulations and why calling it 'Ethereum of China' is a gross understatement -🔬 Beyond n00b info, bet you didn't know all of this yet 🔬

"If you are a fan of NEO but you don’t know much about Onchain DNA, then you haven’t really finished with your homework."

It's hard to argue with an introduction like that. It comes from an article I found on Medium by Ron See, which is simply the best explanation of OnChain I have come across so far. Indeed, I knew very little about the ongoings of NEO's parent company OnChain and after reading this article I feel a lot more educated.

Did you know, for instance, that Fosun Group, China's largest private conglomerate with a market cap of 102.98 billion dollars is an investor of OnChain? And did you know that the Guizhou province government is working with OnChain to develop Identify chain, a blockchain for digital identity, to become the first Chinese province to commit with the development of a blockchain-based system for public services?

In light of the recent China regulations FUD, this is amazing to read! Everybody knows that NEO is well prepared to take on regulations, but the fact their parent company is working with the Chinese government to implement blockchain solutions for things like digital identity and legal frameworks, exponentially increases their odds of passing regulations. Because it is exactly these things that could alleviate the government's concerns about money laundering and money leaving the country, when things digital identities can be linked to payments.

Especially with all the FUD surrounding regulations, it is very interesting (and in a way comforting) to read in detail about OnChain's under-the-radar developments with regards to regulation and the Chinese government and society.

I recommend all NEO investors to have a look at the indepth and excellent article Ron See wrote on Medium to learn what OnChain is and how it is tied into the NEO ecosystem and why it is potentially much bigger than we all thought it was. It is excellent info, and worth your time, I promise.

Click here to read Ron See's Article on OnChain on Medium!