Progress is a great thing. Whether it is in the fields of art, medicine, or science, everyone loves progress. It’s the reason news moves the value of publicly traded companies more than anything else.
However, progress can be painfully unstable. Nowhere is this truer than in the technologically explosive world of cryptocurrency. At times, these projects resemble an old car in a comedy short film. Lurching down the road, alternately jerking forward and then slowing to a crawl. Occasionally belching out clouds of black smoke, and emitting loud backfires, they capture the attention of onlookers.
While some cryptocurrency projects could be characterized like this, Neblio is certainly not one of them.
Neblio – What’s the Big Idea
Neblio’s chief aim is to make blockchain technology simple and easy to deploy. This idea was conceived by Neblio co-founder Eddy Smith early in 2017. Blockchain technology offers great potential to modern businesses, but because of its technological complexity, it has not been able to achieve widespread application. With Neblio, that very problem is on the way of being solved. The goal of Neblio is to greatly simplify the development and deployment of distributed applications that drive business value through blockchain technology.
The Basics
- Security
- Simplicity
- Decentralization
- Ease of Adoption
- High staking rewards
Build it Before You Sell it
There have been a number of great ICOs with fantastic ideas that launched before their mainnet was ready. While this can work for some projects like Nimiq, the Neblio team had a different perspective. The Neblio team quickly set itself apart from the crowd by having its mainnet ready before the ICO started. In late July, the development team had finished the wallets for Windows, Linux, and Mac operating systems and by August of 2017 these two visionaries had what they needed to start. The Neblio blockchain went live at the time the ICO was launched on August 6th and anyone who purchased Neblio (Crypto: NEBL) could have it sent directly to their wallet using the already tested and operating Neblio blockchain.
The People and the Product
When the ICO closed on August 20th there were about 13 million NEBL in circulation. The ICO had raised millions of dollars in the span of only two weeks (which is now worth even more money since funds were raised via Bitcoin). Sticking to their roadmap, the team added some new members and continued development on Neblio wallets. Within a month after the ICO end date, the Core wallet got an upgrade to v1.1 and Neblio was included as a supported network in the official ElectrumX server. The Android app was released using this upgrade as its backend. September also saw Cryptopia become the first exchange to list NEBL on the open market.
As 2017 continued, two more exchanges opened NEBL markets, KuCoin on November 4th, and Hitbtc on November 9th.
Applying Themselves to Applications
On December 3rd, nearly a month ahead of schedule, Update 3 was released. True to the Neblio focus on business ready applications, the big news was the release of the Neblio node packaged for a Docker container. A critical part of this new application is Neblio QuickSync. This feature allows for node sync time in Docker Container applications in seconds instead of the hours that are common with other blockchains. Also released with Update 3 was a Raspberry Pi staking wallet. The Raspberry Pi mini-computer runs on only a few watts of power and is ideal for low-maintenance staking applications.
No Rest until the RESTful APIs
The core mechanics of the Neblio vision is their RESTful API suite. While the focus of earlier blockchain projects, such as Bitcoin, was to build a token that would then be used as a currency, Neblio has a more ambitious goal is of use to all enterprises as well as many small businesses and individuals. Neblio’s blockchain was designed with a focus on storing and managing information and not simply currency tokens. Only about a month ago, the first REST call was made to an API node. These Application Programing Interfaces are commonly used and understood in the world of programming and data management. By creating a suite of these in the common programming languages (such as Python, Go, JS, Ruby, .NET, Java, and Node.js), Neblio is in the process of giving businesses the option of easily migrating from centralized, single-point-of-failure data management systems to the much more secure, decentralized Neblio blockchain.
Simply Put, More Options are Better
The most recent release is Update 4. In keeping with its promises, the Neblio development team has widened the options for business applications. Any software developer can now make their own customized tokens that can be tracked and managed and secured on the Neblio blockchain. The tokens, called NTP1 tokens, can be customized to suit each and virtually every application needs and will also support meta-data transfer (with selective or all-encompassing encryption so anything from healthcare data to event tickets are ideal candidates for the Neblio platform). Also, Neblio already offers support for chain token swaps and decentralized exchange of user-issued tokens. The amount of creativity that can be materialized with these new options is simply mind blowing. To really understand how Neblio delivers what “competing platforms have been attempting to deliver this feature for years”, view the following press release issued to top-tier news networks last week: “Neblio ($NEBL) Enables Digital Currency Users to Issue Tokens on Its Enterprise-Ready Blockchain Platform”.
Neblio’s Distinctive Goals
- Blockchain with Virtually Limitless Applications
- Customizable Tokens
- RESTful API Suite for Easy Integration with Existing Systems
- On-Chain Token Swaps and Decentralized Exchange
Plans Keep Getting Bigger and Bigger
All of the goals that were laid out in Neblio’s road map and then completed have only served to fuel the creative juices and increase everyone’s belief in the project. Neblio’s unique blockchain improvements have also caused people to wonder of new development goals. Plans are now underway to either update the current block explorer to show the new customized tokens or build a new one specifically for that purpose. Wallets are planned to hold and trade the new NTP1 tokens as well.
Taking this Show on the Road
The Neblio team is diversifying its goals to include more than just software development. When the API suite is completed and documented, there are plans underway to begin a marketing campaign that directly targets the businesses that could benefit the most from this groundbreaking technology. This is expected to dramatically increase the demand for NEBL tokens and effectively put Neblio on center stage in mainstream markets.
2018 Goals
RESTful API language suite completion
Marketing campaign to target initially targeted industries
- Identity management
- Health Care
- Supply Chain Management
Introduce v2 of the Neblio API suite for enterprise customers
- Improve design requirements with business partners
- Ongoing Iterative-based development
- Ensure customer satisfaction
- Improve business results in a wide variety of markets
The Neblio team began with goal toward building a blockchain that will be simple to use and easy to adopt and deploy. This aggressive goal had to be broken into specific steps with a clear time line. The Neblio developers have consistently met their goals, at or before their projected completion date. In an environment where growth can be sporadic at times, the consistent dependable progress of the Neblio leadership has been truly refreshing.
To learn more about Neblio’s blockchain platform, visit https://nebl.io/
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