There are two interesting facets of Neblio: first, the function of the platform, and second, the function of the coin. As you can imagine, moving an enterprise business, which may employ thousands of people and have billions in assets, to blockchain technology is a monumental task. What if, say, PepsiCo decided to join the blockchain, moving all human resources records, all payroll, accounts payable, accounts receivable, all audit documentation, all compliance records, all production, inventory and supply chain management to a blockchain. It would be an incredible undertaking. Until Neblio, the process would be lengthy and expensive, requiring scarce, specialized coding knowledge. Here comes Neblio to the rescue, offering a suite of solutions intended to streamline the process of integrating blockchain tech in a simple, efficient manner. Using a suite of APIs (application program interfaces that facilitate the development of software applications), developers can use one of a variety of popular coding languages to interact with the Neblio blockchain in an intuitive manner.
The Neblio utility coin is called a NEBL. This part is also really cool. NEBL holders have the option to set their wallet to perform a function called “staking” — from the term Proof-of-Stake (PoS). When a wallet stakes, it is taking part in running the transaction verification process for all other transactions happening on the system. Users don’t have to do anything more technical beyond setting their wallet to stake. As a reward, each NEBL is essentially a raffle ticket, and every two minutes, a “winner” is chosen, their wallet runs a batch of verifications, and a reward is paid in sparkly fresh NEBL. There is no minimum amount required to stake, but the more NEBL you have, the more your potential prize. Estimated returns are around 10% per year, which is at the higher end compared to other staking models. There are specifications for how long NEBL coins have to remain idle in your wallet and how you have to have your wallet set, so be sure to brush up on those if you decide to stake.