{"id":"da-hongfei","version":1,"language":"en","title":"Da HongFei","hidden":false,"content":"**Da Hongfei** is a Co-founder of the [NEO ](https://iq.wiki/wiki/neo)[blockchain](https://iq.wiki/wiki/blockchain) network, a platform for building [decentralized applications](https://iq.wiki/wiki/decentralized-application) (dApps). He is also the Founder and CEO of Onchain, a [blockchain](https://iq.wiki/wiki/blockchain) technology company in China. [\\[1\\]](#cite-id-2bx6wtsqut)[\\[2\\]](#cite-id-eyxikm58l69)  \n$$widget0 [YOUTUBE@VID](8Oqe5v5UWts)$$  \n  \n# Education  \n  \nDa Hongfei attended the South China University of Technology, Guangdong Province of China, between 1997 and 2001 where he graduated with a Bachelor of Arts (B.A) in English and Technology. [\\[1\\]](#cite-id-2bx6wtsqut)[\\[3\\]](#cite-id-15ihwdszf98i)  \n  \n# Career  \n  \nHongfei held a position at IntPass Consulting in Shanghai from 2005 to 2013 before starting a career in the [blockchain](https://iq.wiki/wiki/blockchain) technology industry. In 2011, Hongfei initiated a campaign that fostered the growth of a [Bitcoin](https://iq.wiki/wiki/bitcoin) community in China, actively advocating for Bitcoin adoption in the country. [\\[2\\]](#cite-id-eyxikm58l69)  \n  \nIn January 2014, he co-founded [Neo Network](https://iq.wiki/wiki/neo) and in December 2016, established Onchain. [\\[2\\]](#cite-id-eyxikm58l69)[\\[3\\]](#cite-id-15ihwdszf98i)  \n  \n## Neo  \n  \nIn 2014, Da Hongfei met his co-founder [Erik Zhang](https://iq.wiki/wiki/erik-zhang) at the Bitcoin Conference in Shanghai. They formed a partnership and announced the launch of their first [blockchain](https://iq.wiki/wiki/blockchain) company, AntShares, which focused on developing [decentralized applications](https://iq.wiki/wiki/decentralized-application) (dApps).   \n  \nIn June 2017, AntShares rebranded as [Neo](https://iq.wiki/wiki/neo). The main reason for the rebranding from AntShares to NEO was brand conflicts and potential confusion with other entities. In particular, the Chinese internet financial company, Ant Financial, had a similar name and was associated with Alibaba Group, causing confusion. [\\[10\\]](#cite-id-3ie0hmajsn8)  \n  \n> \"To avoid these conflicts and create a distinct identity, we chose the name Neo. We decided to pick a name that represents new in Latin, so we rebranded ourselves NEO.\" - Da HongFei, Founder of NEO[\\[10\\]](#cite-id-3ie0hmajsn8)  \n  \nThe Neo platform uses a delegated Byzantine Fault Tolerance (dBFT) consensus mechanism and provides infrastructures such as decentralized storage, oracles, and domain name service, which contribute to the foundation of the Next-Generation internet. Within this ecosystem, users can create, deploy, and utilize [decentralized applications](https://iq.wiki/wiki/decentralized-application) (DApps), products, and services. [\\[7\\]](#cite-id-uyo4c94kf3)  \n  \nBoth [Neo](https://iq.wiki/wiki/neo) and the [Ethereum blockchain](https://iq.wiki/wiki/ethereum) are platforms that enable the creation of DApps and utilize [smart contract](https://iq.wiki/wiki/smart-contract) protocols. Due to these similarities, Neo is nicknamed \"the Chinese Ethereum\". [\\[2\\]](#cite-id-eyxikm58l69)[\\[1\\]](#cite-id-2bx6wtsqut)  \n  \nHowever, there are significant differences between Neo and [Ethereum](https://iq.wiki/wiki/ethereum). Neo was created by Da Hongfei and his colleagues using a consensus mechanism called delegated Byzantine Fault Tolerance (dBFT). The transition to dBFT was made after the release of the April 2016 [white paper](https://iq.wiki/wiki/white-paper) that introduced this new consensus method. [\\[7\\]](#cite-id-uyo4c94kf3)  \n  \n> \"NEO is a lot of things. It's an open-source project; it's a protocol; it's software; it's a node; it's all the other people that are behind the NEO community. So, it's a lot of things.\" - Da Hongfei commented in an interview[\\[8\\]](#cite-id-o5pxbbnlcah)  \n  \n$$widget0 [YOUTUBE@VID](8zeTUGQ3pNY)$$  \n  \n## OnChain  \n  \nDa Hongfei is also the Founder and CEO of Onchain[\\[9\\]](#cite-id-gu09ta2m7lu), an enterprise [blockchain](https://iq.wiki/wiki/blockchain) solution that emerged from the NEO ecosystem and serves businesses in China, founded in 2016. [\\[3\\]](#cite-id-15ihwdszf98i)[\\[4\\]](#cite-id-45imp4w14au)  \n  \nSpeaking in an interview, Da HongFei said:  \n  \n> \"In 2016, I founded Onchain, a top blockchain technology company in China, which has conducted in-depth cooperation with the Guiyang municipal government and the Tongren municipal government to provide digitization solutions through blockchain technology. With blockchain technology, we are seeing a new system — decentralized, automatic and autonomous institutions — for people and institutions around the world to better collaborate.[\\[5\\]](#cite-id-cruw5k4cjzi)","summary":"Da HongFei is a Chinese tech entrepreneur, co-founder of the NEO blockchain network, and CEO of Onchain, with a background in advocating for Bitcoin.","categories":[{"id":"people","title":"People in crypto"}],"promoted":0,"tags":[{"id":"Founders"},{"id":"PeopleInDeFi"}],"metadata":[{"id":"references","value":"[{\"id\":\"2bx6wtsqut\",\"url\":\"https://www.linkedin.com/in/dahongfei/\",\"description\":\"DA HongFei on Linkedin\",\"timestamp\":1685995140115},{\"id\":\"eyxikm58l69\",\"url\":\"https://www.worldcryptoindex.com/creators/da-hongfei/\",\"description\":\"Da HongFei Bio\",\"timestamp\":1685995177508},{\"id\":\"15ihwdszf98i\",\"url\":\"https://crypto.marketswiki.com/index.php?title=Da_Hongfei\",\"description\":\"Da HongFei background and education\",\"timestamp\":1685997124950},{\"id\":\"45imp4w14au\",\"url\":\"https://www.bloomberg.com/news/articles/2018-01-11/china-s-largest-cryptocurrency-thrives-despite-intense-crackdown\",\"description\":\"China's largest cryptocurrency thrives despite intense crackdown\",\"timestamp\":1686003434164},{\"id\":\"cruw5k4cjzi\",\"url\":\"https://medium.com/neo-smart-economy/neo-founder-da-hongfei-on-the-future-of-the-digital-economy-with-blockchain-news-14e3a67d9b79\",\"description\":\"NEO founder, Da HongFei, on the future of digital economy with blockchains\",\"timestamp\":1686003877883},{\"id\":\"ewc3aax07yf\",\"url\":\"https://cointelegraph.com/top-people-in-crypto-and-blockchain-2020/da-hongfei\",\"description\":\"Da HongFei is one of the top people in crypto and blockchain in 2020\",\"timestamp\":1686003937963},{\"id\":\"uyo4c94kf3\",\"url\":\"https://neo.org/\",\"description\":\"neo website\",\"timestamp\":1695810242149},{\"id\":\"o5pxbbnlcah\",\"url\":\"https://www.youtube.com/watch?v=8zeTUGQ3pNY\",\"description\":\"youtube - da hongfei interview\",\"timestamp\":1695812716406},{\"id\":\"gu09ta2m7lu\",\"url\":\"https://www.linkedin.com/company/onchain/\",\"description\":\"onchain linkedin\",\"timestamp\":1695813021032},{\"id\":\"3ie0hmajsn8\",\"url\":\"https://www.youtube.com/watch?v=8Oqe5v5UWts\",\"description\":\"youtube - neo 101 \",\"timestamp\":1695814122759}]"},{"id":"website","value":"https://neo.org/"},{"id":"twitter_profile","value":"https://twitter.com/dahongfei?s=20"},{"id":"linkedin_profile","value":"https://www.linkedin.com/in/dahongfei/?originalSubdomain=cn"},{"id":"medium_profile","value":"https://dahongfei.medium.com/"},{"id":"commit-message","value":"reviewed & updated page"},{"id":"previous_cid","value":"QmQLntYoucGL84Ja8fineREMSB3bNBtdpV3VBEeUWPHmp7"}],"user":{"id":"0x212Cb3F4aE6611054637f9f78F18fB628AD258bb"},"author":{"id":"0x8eBEb49FEFC02bd8C053F588F58A85e72E4cF9C9","profile":{"username":"Tobiloba_Ogunwusi","avatar":""}},"media":[{"name":"4AG099s989E","id":"https://www.youtube.com/watch?v=4AG099s989E","size":"0","type":null,"source":"YOUTUBE"},{"name":"dh3.webp","id":"QmXP47nEckb1wERQ69z4SJFgfRYCaRLWZocrDVioPiiMPy","size":"0.02","type":"GALLERY","source":"IPFS_IMG"},{"name":"8zeTUGQ3pNY","size":0,"id":"https://www.youtube.com/watch?v=8zeTUGQ3pNY","source":"YOUTUBE"},{"name":"8Oqe5v5UWts","size":0,"id":"https://www.youtube.com/watch?v=8Oqe5v5UWts","source":"YOUTUBE"}],"views":76,"events":[{"title":"CEO, IntPass Consulting","description":"HongFei held a position at IntPass Consulting in Shanghai from 2005 to 2013","link":"https://www.linkedin.com/in/dahongfei/?originalSubdomain=cn","date":"2005-01","type":"DEFAULT"},{"title":"NEO launched","description":"Da HongFei partnered with Erik Zhang to create and launch NEO blockchain network","type":"CREATED","date":"2014-02","link":"https://neo.org/about"},{"title":"CEO, OnChain","description":"In December 2016, Da Hongfei established Onchain","link":"https://www.linkedin.com/company/onchain/","date":"2016-12","type":"DEFAULT"}],"ipfs":"QmQLntYoucGL84Ja8fineREMSB3bNBtdpV3VBEeUWPHmp7","transactionHash":"0xc73716a62feccfaa2af3d608315e7f0eb5f5c1ea0c3848cea4325c5a5e9b8f6c","created":"2023-06-05T22:39:54.009Z","updated":"2023-07-26T00:13:41.134Z","images":[{"id":"QmRMndsxCCESxsWzA2tTKpsUUYoyTfHeGLAdBt5oeVTEKD","type":"image/jpeg, image/png"}],"linkedWikis":null}