NEW YORK, Jan. 09, 2018 (GLOBE NEWSWIRE) -- via NetworkNewsWire -- Neblio (Crypto: NEBL), a secure, decentralized blockchain platform built for enterprise applications and services, today announces the immediate availability of Neblio Token Protocol-1 (“NTP1”). This new protocol enables any Neblio user, including individuals and companies of all sizes, to issue new tokens on the pre-existing Neblio blockchain. NTP1 will be fully supported by v1 of the Neblio API suite, allowing the creation and transfer of millions of new and unique tokens on the Neblio blockchain.
Ready-to-Integrate Blockchain Technology for Virtually All Business Applications
NTP1 tokens can be used for a myriad of applications, including but not limited to employee identity management, asset tracking, records management, for use as event tickets, or to be distributed in a token sale as has often been done with ERC20 tokens on the Ethereum (Crypto: ETH) blockchain. In other words, any data can now be stored or transferred on decentralized blockchain technology without requiring specialized programmers or custom development.
A next-generation, first-day feature included with the introduction of NTP1 is the ability to securely store metadata on the blockchain for the tokens issued. This will allow any Neblio user to store particular values, locations or descriptions, such as seating information for an event ticket, personal details of an identity, serial numbers, time/date information or any other data desired.
Technical information on this novel Neblio blockchain feature and other announcements can be found at the latest development update: https://nebl.io/?p=26427
"The Neblio Token Protocol-1 will revolutionize the way that enterprise clients utilize blockchain going forward,” stated Eddy Smith, co-founder & lead developer. “Starting as soon as today, clients can create new custom NTP1 tokens on the Neblio blockchain and these new NTP1 tokens can be used by enterprises for anything they want to document and track on blockchain technology. This feature of our enterprise-ready blockchain platform further differentiates the Neblio platform from competing platforms that have been attempting to deliver this feature for years."
Enterprise-Grade Security and Smart Contracts
To ensure the metadata component of NTP1 tokens can unlock the full potential of introducing revolutionary new use cases for the Neblio blockchain, the Neblio development team has added native support for encrypting some or all of the metadata associated with a token using RSA public key cryptography. This ensures that any sensitive data stored on the blockchain can only be read by the corresponding user or application possessing the private key needed to decrypt the data.
Neblio also announces the support of creating smart contracts. For those unfamiliar with this blockchain term, smart contracts are created via a set of rules used in the protocol to direct or restrict the movement of tokens. For example, a token issuer can set a fee structure for transactions of that token that direct fees to a certain address. Lockup and expiration rules can be used to move a token to a predetermined address or used to completely invalidate a token after a certain amount of time or on a certain date. Rules can also be used to generate contracts that restrict the addresses tokens can be transferred to, or the addresses allowed to generate new tokens, if any. As the development team continues to develop new rules for NTP1, additional announcements regarding innovative new smart contract applications and use cases with NTP1 are expected.
On-chain Token Swaps and Decentralized Exchange of NTP1 Tokens
Because all NTP1 tokens are transacted on the Neblio blockchain, it will be possible to craft transactions in which one NTP1 token is exchanged for another. For example, one hundred Nibbles (the first PoC token created by the Neblio team) could be exchanged in a single transaction for a certain number of a new NTP1 token, all on the Neblio blockchain. This feature enables the creation of 3rd-party NTP1 decentralized exchanges where NTP1 tokens are exchanged completely in-chain without the need of an intermediary exchange to perform the transaction.
New Applications, Wallet and Block Explorer to be Released
NTP1 will change Neblio and how it is used, forever. However, NEBL will still be sent and received on the Neblio blockchain using the standard Neblio Core, Electrum, and Mobile wallets that have been built over the last several months without requiring any mandatory updates. While the Neblio blockchain supports the creation and transfer of NTP1 tokens natively today, the development team must now focus on building new applications to support the NTP1 ecosystem and make it easier to use for enterprise clients, token users, and anyone else wanting to create or use an NTP1 token.
First, an intuitive web portal for issuing NTP1 tokens will make token issuance on the Neblio blockchain extremely simple with only a couple of clicks. Second, the existing Neblio block explorer either needs to be updated to show all NTP1 tokens associated with a Neblio address or a new block explorer will need to be created specifically for tracking and recording the movement of NTP1 tokens on the Neblio blockchain. And, finally, the Neblio team will need to create a new reference wallet that supports any and all NTP1 compliant tokens on the Neblio blockchain while enabling users to send or receive any NTP1 compliant token on the Neblio blockchain.
Immediate Support Available for Creating and Transferring NTP1 Tokens
While tools are being built to simplify the creation and transfer of NTP1 tokens, anyone interested in working with the team to create an NTP1 token on the Neblio blockchain should reach out via the contact page of the Neblio website for support and guidance in doing so, as the complete NTP1 protocol is already fully supported by the Neblio blockchain.
How to Acquire or Trade NEBL
NEBL is the digital currency (also known as cryptocurrency) of the Neblio blockchain in the same way that ETH is the digital currency of the Ethereum. The most common method of acquiring NEBL is exchanging Bitcoin (Crypto: BTC) for Neblio (Crypto: NEBL) with other market participants on a digital currency exchange. Binance, Cryptopia, Kucoin and Hitbtc all list Neblio. After a simple signup process at any of these exchanges, users are able to deposit their Bitcoin so it is available for trading with other digital currencies. After trading Bitcoin for Neblio, users can either leave NEBL tokens on the exchange for easier trading at a later time or transfer NEBL tokens to their digital wallet on Windows, macOS, Linux, Android or other devices supported (download link: https://nebl.io/wallets). Please note that Binance and Cryptopia are currently pausing new registrations to accommodate for recent rapid growth and infrastructure requirements, but Kucoin and Hitbtc are currently accepting new market participants.
About Neblio
Neblio was born out of the need for simple and intuitive tools and solutions to drive the adoption of blockchain technology in the enterprise space. The company is actively working on tools, services, and APIs that will simplify and revolutionize the way that businesses deploy next-generation applications on the Neblio Blockchain Platform. The Neblio blockchain will be offering support for many of the common programming languages such as Python, Java, C#, Objective-C, and Ruby. By combining the support of major programming languages with RESTful APIs that are easily understood by modern developers, Neblio is poised to bring blockchain solutions in ready reach of large and small enterprises alike.
For more information, visit http://www.nebl.io
To follow on Twitter for updates, visit https://twitter.com/NeblioTeam
To engage on Neblio chat networks, visit https://nebl.io/chat/
To view the whitepaper & roadmap, visit https://nebl.io/roadmap/
Forward-Looking Statements
This release contains forward-looking statements. All forward-looking statements are inherently uncertain as they are based on current expectations and assumptions concerning future events or future performance of the Neblio team. Readers are cautioned not to place undue reliance on these forward-looking statements, which are only predictions and speak only as of the date hereof. In evaluating such statements, all individuals should review carefully various risks and uncertainties identified in this release. These risks and uncertainties could cause actual results to differ materially from those indicated in the forward-looking statements.
Neblio Contact
Neblio
http://www.nebl.io
info@nebl.io
Blockchain Relations Contact
Blockchain Relations
http://www.blockchainrelations.io
614-465-6025
press@blockchainrelations.io
A video accompanying this release can be found at: http://www.globenewswire.com/NewsRoom/AttachmentNg/a060665d-c3ad-4a06-92da-cbfe2849ba6d