NEO Smart Economy is a next generation economy and trade where trade agreements are written in almost any programming language using a Smart Contract.
The Smart Contract is stored in a decentralized immutable blockchain and will be executed according to the trading agreement and exactly at the time specified in the smart contract. This allows for an economy where two or even thousands of parties can agree on a contract without the need to trust each other.
NEO is often touted as "China's Ethereum" because of it's similiarities to the Etherum blockchain. NEO's first ICO, Red Pulse, is scheduled to launch on October 8th, 2017