Launched on March 31, 2015, NEM Blockchain is among the most popular financial and enterprise blockchain platforms. Its relevance broke into the global landscape introducing several new concepts and mechanisms like proof-of-importance algorithms and coexistence of multiple ledgers in a single blockchain. A unique property of this blockchain that allows representation of any asset or currency as NEM Smart Assets made its adoption stronger in enterprise ecosystem. Although more concentrated in Southeast Asian geographies, NEM is aggressively foraying into global businesses. Thanks to the constant emphasis of NEM blockchain consultant in establishing the technology in enterprises ecosystem.
NEM Blockchain is considered as an effective technology to operate many business processes in several industry verticals. The company is focussing primarily on the use-cases of the technology in Finance, Business Management and in Decentralized Organizations. NEM creates a seamless interface between Public and Private blockchain. It allows transferring tokens and files through both internal and external network of an enterprise. NEM Blockchain consultant and development services are focussing more on rendering more effective use cases of the technology as its development process is easier than other blockchain and distributed ledger technologies.
NEM assists in real-time accounting. Apart from featuring the basic advantage of blockchain like optimal transparency in transactions NEM Blockchain makes it easier to operate many critical processes easily and effectively. Operations like KYC Verification, Inspections, Logistics, and Certificate Issuance becomes cost-effective using this technology. NEM Blockchain consultant and development companies are working on developing more use cases of this technology for its better implementation.
NEM is growing as a multi-dimensional technology in several industries. NEM Blockchain consultants and developers found the Apostille functionality of NEM as a unique application of this blockchain as a social media. While simplicity in developing the technology is emerging as good assistance in its enterprise adoption.
Additionally, NEM Foundation is through new partnerships and alliances across the globe, including those with governments and large public entities. Official sources of NEM Foundation are putting much efforts to expand the technology across countries. The foundation is working “to show programmers and business operators the great benefits that NEM has to offer”, an official Twitter post revealed.
Altcoins are struggling in the bearish market since an almost a year. However, XEM, the NEM Cryptocurrency, resisted the November slump in 2018, surging with a positive sign. The adoption of this technology in new markets and regions is a reason for its survival even when most altcoins are sliding in negative zones. Its breakthrough in Latin America in countries like Venezuela and Columbia are creating a new stir. While a strong foray in the petroleum industry is bringing up a strong prospect of the technology in Blockchain consultancy and development industry.