Today, NEO Foundation, a blockchain project and foundation announced its plans and roadmap via a post for the rest of year 2018, and it is quite extensive. The roadmap also includes a MoU signed between NEO and Ontology Foundation (ONT) that will allow NEO dApps to bridge the gap between permissioned and permissionless blockchains, as well as providing a whole blockchain ecosystem for both private and public blockchains.
One area in this cooperation is the cross-chain protocol,NeoX. Sidechains are often seen as a scaling solution, whereas NEO and ONT see the benefit from being able to connect independent systems into a larger network of chains, which jointly build up our future Smart Economy. The first step is to identify all use cases and construct the infrastructure to fulfill them. The scaling benefits is a secondary bonus. We complete the main infrastructure for a Smart Economy by connecting the platform that provides public ownership, exchange, and automation of digital assets (NEO) with the platform for data authorization and private P2P data exchange (ONT).
- Both NEO and ONT will run NeoVM to allow cross-chain transfers and invocations. Smart Contracts on NEO will be able to invoke Smart Contracts on ONT and vice versa.
- APIs and SDKs will be shared and standardized to make it simpler to develop on any chain that run NeoVM.
- Both parties will support NeoX protocol.
NEO has also updated its roadmap that looks like this.
Composite smart contracts are expected to be released in Q4.
