Neblio is a technology platform providing blockchain solutions for businesses and organizations. Unlike ordinary blockchain platforms, Neblio specializes in offering blockchain services to enterprises and institutions, enabling secure, immutable transactions and data, thus achieving transparency, security, reliability, and decentralization. The NEBL token primarily maintains the security of the Neblio network. It uses a Proof-of-Stake (PoS) consensus algorithm where users with more tokens have greater voting power, ensuring the networks security against attacks. Users are incentivized to hold tokens in this model through rewards for holding tokens and confirming new blocks. Users can also gain economic benefits by selling tokens on exchanges or acquire network voting rights by purchasing and holding tokens to ensure the networks safe operation.
1. Project Technology
Neblio is an open-source, decentralized, and secure blockchain platform built specifically for various enterprise-level applications and services. Use cases include supply chain management, record keeping, gaming, asset tracking, identity management, and more.
The Neblio blockchain supports the tokenization of both physical and digital assets through the Neblio Token Protocol-1 (NTP1). Neblio’s large block size and fast block times enable lightning-fast transactions, customizable token metadata, and high transaction throughput.
2. NTP1 Tokens
The Neblio Token Protocol enables the easy creation of unique tokens with metadata that can represent any physical or digital item or securely record and transmit data. Its features include:
1. Security
NTP1 tokens are issued on the Neblio blockchain and have immutable storage protected by Proof-of-Stake.
2. Metadata
NTP1 tokens can be used for everything from the tokenization of real-world assets to the secure transmission of data due to their unique metadata-bearing characteristics.
3. Issuance
NTP1 tokens can be created with just a few clicks, requiring no development or technical experience.
3. Project Applications
1. Supply Chain Management
Tokenizing shipments, from large shipping containers down to individual items, enhances transparency and accountability in supply chains. Leveraging the metadata properties of NTP1 tokens allows for the secure, immutable recording of goods flow worldwide, enabling food producers to track food from farm to table and electronics manufacturers to ensure no conflict minerals are in their supply chain.
2. Secure Record Keeping
From health records to data registries and financial transactions, the Neblio blockchain provides a secure, decentralized ledger for any form of record management. Due to NTP1 metadata adaptive compression and encryption support, large volumes of record data can be stored directly and securely on the blockchain with minimal network fees in a single NTP1 transaction. Any user or application can retrieve unencrypted data using the Neblio API Suite, while encrypted data is securely stored on the chain, accessible only by specific parties.
3. Tokenize Anything
NTP1 tokens can represent any physical or digital item. From real estate deeds to corporate assets and event tickets, NTP1 tokens can accurately describe, categorize, track, and transfer physical items on the Neblio blockchain. Digital items, from loyalty program points (retail, airlines, etc.) to in-game currencies and video game items, can be directly created and transferred on the blockchain as NTP1 tokens, allowing users to buy, sell, and trade tokenized digital items within and outside their respective applications.
4. NEBL Tokens
The Neblio network is entirely run by volunteer wallet users actively staking NEBL to generate new blockchain blocks and validate all transactions on the network. These users and the wallet software they run have full control over the governance of the Neblio blockchain. To encourage staking and keep the network healthy, decentralized, and lightning-fast, users are rewarded whenever their wallet successfully stakes the next block in the chain through staking rewards. The reward amount per stake depends on the coin age and the total number of NEBL in the coin group staking the next blockchain. Over a year, users who purchase NEBL 24/7/365 should earn approximately 10% in new NEBL wallet balance from staking rewards to help operate the network. NEBL tokens feature:
1. Stake NEBL to Protect the Network
By simply keeping the core desktop wallet open and connected to the network, users help ensure the operation and security of the decentralized global Neblio network. For doing so, users are rewarded for creating new blockchain blocks and validating each block filled with transactions and information. This encourages users to participate actively in governing, operating, and protecting the network.
2. Energy Efficiency
Many other blockchain networks use the Proof-of-Work method to protect the network, often referred to as "mining." It is estimated that Bitcoin mining alone consumes nearly $700 million in electricity annually. Neblios Proof-of-Stake consensus model is much more efficient, to the point where you might not even notice your wallet application using CPU or see it on your electric bill when staking coins. Staking can even run on a small Raspberry Pi.
Related Links:
https://nebl.io/technology/nebl/
