{"id":98256,"date":"2019-02-19T05:44:10","date_gmt":"2019-02-19T13:44:10","guid":{"rendered":"https:\/\/cryptoslate.com\/?p=98256"},"modified":"2026-04-25T19:57:02","modified_gmt":"2026-04-25T18:57:02","slug":"neo-establishes-us-foothold-in-seattle-mission-to-become-number-one-blockchain-by-2020","status":"publish","type":"post","link":"https:\/\/cryptoslate.com\/neo-establishes-us-foothold-in-seattle-mission-to-become-number-one-blockchain-by-2020\/","title":{"rendered":"NEO Establishes US Foothold in Seattle, Mission to Become “Number One Blockchain by 2020”"},"content":{"rendered":"

NEO<\/a> announced it has established a foothold in the US market with a new office in Seattle, Washington. In an interview, Da Hongfei<\/a> explains what separates NEO from Ethereum<\/a> and Bitcoin<\/a>\u2014and he asserts why he believes NEO could become the number one blockchain by 2020.<\/p>\n

Da Hongfei, the founder of NEO, announced<\/a> at NEO DevCon on Feb. 16th that NEO Global Development had established a base of operations in Seattle, Washington\u2014with immediate plans to begin recruiting. The new offices will give NEO a \u201csignificant foothold\u201d in the US market said Hongfei.<\/p>\n

The reasoning behind the move: Seattle\u2019s robust software development scene. As the birthplace of companies such as Microsoft, Amazon, and Expedia\u2014and home to large engineering offices from Facebook, Google, and Twitter\u2014the city is an ideal place to recruit software talent.<\/p>\n

To gain greater insight into NEO's motives for the strategic move, CryptoSlate interviewed<\/a> founder Da Hongfei on Feb. 17th at DevCon.<\/p>\n

Da Hongfei\u2019s North American Vision<\/h2>\n

To understand the gravity of NEO\u2019s new US offices, it\u2019s important to clarify how NEO is structured. According to Da Hongfei, there are two subsidiary companies under NEO Foundation: NEO Global Development (NGD) and NEO Global Capital (NGC).<\/p>\n

NGD is responsible for executing the strategies established by the NEO Foundation and for building out NEO\u2019s software. Meanwhile, NGC is the project\u2019s investment arm responsible for fostering the enterprises around NEO, with Hongfei going as far as to claim that NGC is performing \u201cbetter than 95 percent of crypto funds all over the world.\u201d<\/p>\n

\u201cWe are now in Seattle, the hometown of one of the biggest software companies in the world\u2014Microsoft,\u201d Hongfei proclaimed to a crowd of two hundred at DevCon. He went on to make an analogy between NEO and the software juggernaut:<\/p>\n

“Nobody knows how to win a platform competition better than Microsoft, especially for computer language frameworks and platforms.”<\/p><\/blockquote>\n

And, by extension, it seems that Hongfei wants to emulate Microsoft\u2019s success and win the blockchain \u201cplatform competition.\u201d<\/p>\n

For further insight into the reasons behind the move, during the interview with CryptoSlate he elaborates on why the organization chose Seattle over many other high-tech American cities:<\/p>\n

\u201cWe tried to compare different locations in the US and Seattle seemed to be the best choice. New York is more for the financial sector. San Francisco or Silicon Valley is good for startups if you want to do fundraising, or [for] more consumer side internet companies. But, if you want to do serious software development, I think Seattle is a better choice.\u201d<\/p><\/blockquote>\n

He goes on to talk about NGD\u2019s expansion plans for Seattle. For context, there are roughly 45 people working at the NGD offices in Shanghai.<\/p>\n

\u201cIn Seattle, we will start small but gradually expand. We don\u2019t want all the engineers [for NEO] to move to Seattle and work in the office. NGD Seattle will orchestrate all the things [related to the development effort].\u201d<\/p><\/blockquote>\n

NEO selected two former Microsoft executives to lead US initiative, John deVadoss<\/a> and Peng Huang<\/a>, both of which have over a decade of experience at Microsoft and were deeply involved with the development of .NET, a proprietary software development framework by Microsoft. It is also the primary programming language used by much of NEO's blockchain.<\/p>\n

\u201cWe are moving from the industrial economy to the smart economy or digital economy. In the smart economy, a lot of things happen at a global scale. There is different talent in different countries and different cities. The US definitely has lots of lots of talent. We do think that we do need an office in the US and an office in China. So we will have the best of both worlds.\u201d<\/p><\/blockquote>\n

Executives Behind the NGD Seattle<\/h2>\n

John deVadoss and Peng Huang are both co-founders of messaging app text11<\/em>, a machine learning startup that they claim to have \u201csuccessfully exited.\u201d<\/p>\n

DeVadoss is a 15-year Microsoft veteran and software engineer. During his time at the company, deVadoss was responsible for leading .NET in Microsoft\u2019s competition with Java. DeVadoss also was one of the executives responsible for building Microsoft Digital, the segment of Microsoft responsible for tech advisory and consulting\u2014he took the business from $0 to $500 million in revenue.<\/p>\n

DeVadoss was appointed as the president of NGD Seattle and development head.<\/p>\n

Meanwhile, Huang is an 11-year Microsoft executive and former strategy and marketing lead for .NET patterns and practices. Huang is now tasked with leading platform strategy for NEO.<\/p>\n

What Differentiates NEO from Other Blockchains<\/h2>\n

During his state of NEO address at DevCon, Hongfei asked the audience:<\/p>\n

\u201cWhy is NEO different than other blockchains? What\u2019s the difference between NEO and Ethereum<\/a>?\u201d<\/p><\/blockquote>\n

To find the answer, Hongfei talks about what makes a blockchain successful. One of the best indicators, he claims, is a community\u2019s sense of \u201cshared mission\u201d:<\/p>\n

\u201cIf a team or community has a very unified and shared values, a shared vision and mission, then it will likely lead to the success of the community and that blockchain. I think Bitcoin<\/a> has a very clear vision\u2026 Ethereum has a very clear vision, so does NEO.\u201d<\/p><\/blockquote>\n

Allegedly, it\u2019s not the different governance model or consensus mechanism that separates NEO from Bitcoin and Ethereum. Instead, Hongfei claims that major difference is \u201cdesign philosophy\u201d:<\/p>\n

\u201cThe shared value of the communities [in NEO] is pragmatic idealism. Pure pragmatism can't imagine a bold future and pure idealism can't get anything done. It's the delicate blend of both that drives innovation [for NEO].\u201d<\/p><\/blockquote>\n

During the interview, he elaborates what constitutes \u201cpragmatic idealism\u201d:<\/p>\n

\u201cWe are not trying to go directly at the goal. We will see what are the obstacles. Some of the obstacles we will overcome, some of them we will work around. So we are more pragmatic than other blockchains. We will find the balance and sweet point between efficiency and decentralization, between current success and future success.\u201d<\/p><\/blockquote>\n

Ultimately, Hongfei\u2019s talk about design philosophy ties into NEO\u2019s larger mission, to become the \u201cnumber one blockchain,\u201d and not by brand recognition or coin market cap. According to Hongfei, the number one blockchain is the platform with the \u201cbest performance, a diversified ecosystem, and compliant solutions.\u201d<\/p>\n

\u201cWe set our mission to make NEO the number one blockchain by 2020. We only have a year, or two years, depending on how you define 2020… Time is ticking.\u201d<\/p><\/blockquote>\n","protected":false},"excerpt":{"rendered":"

NEO announced it has established a foothold in the US market with a new office in Seattle, Washington. In an interview, Da Hongfei explains what separates NEO from Ethereum and Bitcoin\u2014and he asserts why he believes NEO could become the number one blockchain by 2020. Da Hongfei, the founder of NEO, announced at NEO DevCon […]<\/p>\n","protected":false},"author":29,"featured_media":97596,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[10085,29],"tags":[],"post_folder":[],"acf":[],"yoast_head":"\nNEO Establishes US Foothold in Seattle, Mission to Become "Number One Blockchain by 2020"<\/title>\n<meta name=\"description\" content=\"NEO announced that it is establishing a foothold in the US market with a new office in Seattle, Washington. 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