What is NEM?

NEM is a blockchain initiative designed from ground up – with practical use of blockchains in mind. Blockchain Technology (also called “Distributed Ledger Technology”) is a novel approach to ledger-keeping and transactional messaging updating these. It makes use of technologies likes Hashing, Digital Signatures, and Cryptographic Algorithms. In particular, Asymmetric Encryption (“PKI”, Public key infrastructure) is crucial to the technology. Blockchain Technology distributes (decentralizes) its ledgers to peer-to-peer connected network nodes, securing the recorded data without the need of central database.

NEM was initiated and developed from ground up in 2014 by a group of experienced bc tech enthusiasts worldwide. NEM today boasts a huge following globally with steady growth in contributors and supporters.

What is NEM?

NEM is a blockchain initiative designed from ground up – with practical use of blockchains in mind. Blockchain Technology (also called “Distributed Ledger Technology”) is a novel approach to ledger-keeping and transactional messaging updating these. It makes use of technologies likes Hashing, Digital Signatures, and Cryptographic Algorithms. In particular, Asymmetric Encryption (“PKI”, Public key infrastructure) is crucial to the technology. Blockchain Technology distributes (decentralizes) its ledgers to peer-to-peer connected network nodes, securing the recorded data without the need of central database.

NEM was initiated and developed from ground up in 2014 by a group of experienced bc tech enthusiasts worldwide. NEM today boasts a huge following globally with steady growth in contributors and supporters.

What’s special about NEM?

NEM offers countless innovative features built into its core protocol e.g. P2P time sync, multi-signature on-chain signing and remote node API features. Further, it is not limited only to facilitate user-to-user value transfers like crypto-currency tokens but offers much more features such as identity management, timestamping of document fingerprints, creation of transferable digital assets, and title registration that can be used in various industries – both fintech and non-fintech.

An elaborate explanation of NEM features and system can be found in its Technical Reference Document.

Is it difficult to use?

NEM with its easy to use universal APIs and server-client multi tier architecture, makes it easy for non-cryptography developers to build blockchain applications on the NEM platform. Developers can do so with any programming language of their choice. That lowers the barrier for developers to work on NEM blockchain platform.

NEM encourages the use of client-side JavaScript frameworks (e.g. Ember.JS, AngularJS, and similar JS), in order to diminish the need for application backend servers handling blockchain interactions whenever possible.

Is it difficult to use?

NEM with its easy to use universal APIs and server-client multi tier architecture, makes it easy for non-cryptography developers to build blockchain applications on the NEM platform. Developers can do so with any programming language of their choice. That lowers the barrier for developers to work on NEM blockchain platform.

NEM encourages the use of client-side JavaScript frameworks (e.g. Ember.JS, AngularJS, and similar JS), in order to diminish the need for application backend servers handling blockchain interactions whenever possible.

What can I do?

People all over the world have started projects using NEM technology. We want you to join us to do wonders and create meaningful projects that can benefit the world.

Take a look at a few current projects using NEM blockchain technology:

Landstead (Land registry using blockchain)
Chronobank (Blockchain revolution for recruitment industry)
LuxTag (Blockchain registration of luxury goods and other assets)
Dragonfly Fintech (Blockchain for financial technology)

The NEM Association of Malaysia is fostering partnerships in Malaysia to create awareness and enhance education to use our innovative Blockchain technology through cooperations with universities, government bodies and the public. Do join us to become part of something big. Shape the future of industries with us.