It has become exceedingly evident that the blockchain tech isn’t only reserved for the banking system. In fact, the business enterprises have the potential to do wonders by leveraging blockchain technology, however there has been very little adoption of it in the enterprise space. And the industries that are most likely to benefit from the power of blockchain are mostly waiting for mature toolsets, developer ecosystems, and packaged platforms to easily develop and deploy new applications, or to move traditional applications off of the legacy database architectures and on to a blockchain network.
While the certain blockchain networks have garnered popularity amongst the public by focusing on cryptocurrencies, there is a next generation blockchain solution that not only will be focusing on the digital transfer of value but will also see how the underlying technology can be evolved to support new use cases through innovation.
The blockchain powered Neblio aims at enabling businesses and enterprise developers to harness an intuitive blockchain platform and developer ecosystem to rapidly develop and deploy decentralized applications that utilize distributed ledger technology instead of traditional database architectures.
In easy words, Neblio cryptocurrency has created a mature infrastructure that can help businesses to enhance and leverage their capabilities through the development and deployment of decentralized apps (dApps), to grow in their respective industries.
It is basically an open-source and decentralized blockchain network that facilitates peer-to-peer exchanges. These exchanges or transactions are stored on the platform in an unalterable distributed ledger. Neblio may prove to be a rather interesting blockchain solution in a few years from now. The team positions their project as being the next blockchain platform for enterprise applications and services.
The NEBL coin
The NEBL coin is the official cryptocurrency of the Neblio blockchain network and is used for peer-to-peer transactions within the Neblio ecosystem. Furthermore, to enable the mining process, the platform uses the Proof-of-Stake (PoS) consensus.
Unlike the Proof-of-Work (PoW) consensus method, which is used in the Bitcoin and Ethereum blockchains, Neblio requires network users to “stake” NEBL tokens as “votes” towards ledger consensus.
The Neblio Tech
Neblio has worked on creating a rather sophisticated blockchain in order to allow dApps to adopt new blockchain technologies with ease. But while it is sophisticated, it is also simple. The APIs are designed for simplicity, so developers who are familiar with traditional RESTful APIs, can easily develop their dApps. The Neblio API suite, also offers support for commonly used programming languages such as;
Benefits of Neblio Tech
The very nature of blockchain technology, i.e being decentralized, grants the platform the advantage of improved security. Moreover, the Proof-of-Stake (PoS) algorithm that Neblio uses, allows for a secured framework for user’s participation.
The data and information of distributed applications is stored in an immutable ledger on the Neblio blockchain. This very ledger is extremely useful when it comes to authentication, since it cannot be tampered with. It can be used as a proof for auditing, record management and lifecycle verification as well. According to the whitepaper,
In the blockchain sense, distributed applications are applications that access and store pieces of information on the Neblio blockchain. These applications typically have a “front-end” client that stores, processes, or displays the data for the application.
The Neblio network is connected through nodes across the globe, where each node has its own copy of Neblio blockchain. This global network thus allows for a global access of information, all the while ensuring a speedier response time.
Neblio is driven by co-founders Eddy Smith and Ann Jackson, who are supported by two technical advisors; Riley Stockton, a data science expert with experience in RESTful API integration and Samer Afach, a Ph.D. in atomic and particle physics.
The Neblio Github shows strong and consistent development on a regular basis — a good sign for a platform recently out of the ICO phase.