NEO APAC Tour 2018 - Singapore Leg (P2)

Posted by Jonathan on April 01, 2018

This is part 2 of a 2-part article due to the large amount of content and lack of time to put it together all in one go. Check out part 1 here.


Moonlight

On to the Moonlight.io presentation, a company headquartered in Singapore. Alan Fong, one of the co-founders of the project and also a co-author of the NEP-5 token standard delivered an entertaining introduction. So what is it?

Moonlight.io is:

  1. A new global ledger of work experience or a trustless resume
  2. A revolutionary recruitment platform, reducing the need for interviews
  3. Smart analytical management system to manage tasks

The Moonlight team chose the NEO network as it is faster, more scalable, and has higher transactions per-second (TPS).

Being a tech recruiter by profession, this project naturally got me pumping. I had a few questions and went up to them to clarify my doubts.

One issue I had was that I didn’t want the power centred around any specific party (employer or employee). It looks like a fee (in GAS) will be needed for a transaction or entry in the trustless resume, combats fake accounts and fakers who upvote themselves.

The team plans to grow their user base to reach critical mass by appealing to the CoZ, then blockchain developers and so on. It will be an organic growth plan.

One other thing that stood out here was that this project was targeting the gig economy. What about more permanent employment? Interviews are still important for cultural alignment. I was pleased by their answer; they are not looking to render traditional interviews useless, rather they look to supplement and co-exist with the existing interviewing system, so interviews can focus on the more human elements.

Lastly, if you’ve been in the blockchain project space for a while, you’ll know that utilising blockchain to disrupt the recruitment industry isn’t something new. What makes Moonlight stand out among the rest of them is that it is building a new platform that is customized to existing needs and actually leverages the strength of blockchain technology, instead of attaching blockchain to a traditional concept so they become a hybrid that doesn’t really stand out.


 

NEX

And of course, Evgeny Boxer introduced NEX. NEX is a decentralised exchange that solves many problems that centralised exchanges have. For example:

On top of that, if you’ve been annoyed at having to buy BTC/ETC and getting on a centralised exchange to get NEO, here’s some good news: you can buy NEO and GAS with fiat currency directly via NEX.

Another essential aspect of NEX is their heavy focus on user experience and to me, that is a huge step in the right direction. Currently, cryptocurrency is not very accessible due to the fact that there is little interoperability and the user experience is less than ideal. Coinbase is one of the most popular exchanges in the world because of user experience, even though there is still more to be desired from their service levels.

Here is a sneak peek at the NEX browser extension screens; through their research, they’ve deemed it essential to show pending transactions. This is because it provides user feedback so people know the status of the transaction without blockchain explorers. How often have you been worried about the status of your transaction after you hit send? They’ve also added a ‘contacts’ page to make it easy to transact.


There were a couple other talks scheduled on the day, but as I stepped out in the middle of the session to have separate conversations with Malcolm and a couple of other speakers, I didn’t cover all of them. Special thanks go out to all the speakers as well as BitCrypto.Asia for organising the event. That’s all folks!