What is NeoID?

NeoID is NEO's digital identity solution. It allows various assets and node holders to be evaluated through a blockchain-based identification system. This means that Consensus Node ownership can be pegged to real organizations or individuals to ensure their validity. NeoID's integration helps ensure the validity of network Consensus Nodes and their constituents. NeoID also helps facilitate the registration and usage of compliant financial assets on the NEO network. This functionality has great potential for use with stablecoins, synthetic assets, security tokens, non-fungible tokens (NFTs), and other decentralized finance (DeFi) applications.