Chinese blockchain platform neo will open a workplace in U. S. city of Seattle, as per an official announcement shared with Cointelegraph on February. 15. The new workplace is headed by ex-Microsoft executive John deVadoss.

The neo global Development (NGD) Seattle workplace will open and start recruitment this month, supposedly permitting the company to expand into the U.S. market. Per the press release, the NGD has been developing partnerships with Microsoft and other firms.

According to neo founder Erik Zhang, Seattle’s reputation for tech talent was one amongst the main draws for locating its new offices, saying, “Seattle has vast developer resources and a robust atmosphere of innovation, and neo has continuously placed great importance in technology development.”

daVadoos, who will lead the workplace, previously worked at Microsoft and co-founded messaging service text11. At Microsoft, deVadoss developed .NET in competition with Java/J2EE.

Purportedly remarked by some as the “Ethereum of China,” neo “utilizes blockchain technology and digital identities to digitize assets and automatize the management of digital assets mistreatment good contracts.”

The network was based in 2014 and therefore the mainnet was launched in Oct 2016. neo is presently developing modern 3.0, an upgrade to its blockchain that may “bring quicker transaction speeds, larger stability and expanded application programming interfaces for smart contracts.“

NEO’s eponymous token presently has a market cap of $530 million, and is trading at $8.19, up over 3 % on the day, as per Top Market Cap.

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