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NEO is a platform and cryptocurrency for building decentralized applications aimed at addressing inefficiencies in the current financial system. It was initially launched in 2014 under the name Antshares but was later rebranded as NEO in 2017.

NEO is often referred to as the "Chinese Ethereum," as it is similar in that it allows developers to build decentralized applications or DApps on its platform. However, NEO has several key differences, including its use of a Delegated Byzantine Fault Tolerance consensus mechanism, which allows for faster transactions and more scalability.

NEO's main applications include:

1. Smart Contracts: NEO allows for the creation of smart contracts, which are self-executing agreements that automatically enforce the terms of a contract.

2. Digital Identity: NEO also enables the creation of digital identities that are stored on its blockchain. This can help prevent identity theft and improve security.

3. Crowdfunding: NEO supports crowdfunding through its ICO platform, which allows projects to raise funds by selling their own tokens.

4. Asset Management: NEO also has the capability to manage digital assets, such as cryptocurrencies or other tokens.

5. Voting: Finally, NEO can be used for voting, allowing users to participate in governance decisions related to the NEO ecosystem.

Overall, NEO's main applications center around enabling more efficient, secure, and transparent financial transactions and interactions through its blockchain technology.