The advanced technology services from NEM (New Economy Movement) will from now host blockchain events and educational programs. As per the report, the representatives of NEM will offer support to the members on cryptocurrency and blockchain technology in Melbourne, Australia. Apart from serving as a host for events and programs, the hub will also operate as a support center and business incubator for the company’s NEM startups.
The company has received a lot of local support through different partnerships in New Zealand and Australia such as TravebyBit which is why it offers bright prospects for the Foundation of NEM launched in 2015. The platform introduces new features to the blockchain system. The value of its currency XEM has increased after it was picked up by Mijin, which is a commercial blockchain.
Right now, NEM serves the purpose of unlocking blockchain technology benefits through various contributions including grants. According to Jian Chan, who is the leader of the NEM Foundation in Australia and New Zealand, the foundation’s launch in Melbourne indicated that the commitment of NEM to support Australian innovation and the world.
Chan further added that the advanced technology services of NEM are available in more than 40 countries. The foundation launched its first operations in Australia last year at the FinTech Australia INtersekt festival, CCN reported. Since most of the countries have similar hubs NEM Foundation expanded very fast in a short time.
According to the CEO of LaunchVic Kate Cornick,” “Blockchain is a fast-growing and evolving technology and LaunchVic is pleased to welcome NEM.io Foundation to the Victorian Innovation Hub. This is set to become a multi-sector co-working facility that celebrates collaboration and innovation for more than 360 of Australia’s top startups, accelerators, and incubators.”
Melbourne has slowly evolved as the center of technical excellence of blockchain and advanced technology services, Kryptomoney reported. The new “Melbourne Blockchain Hub” from NEM will operate from Victorian Innovation Hub and host 360 startup accelerators when it will become fully operational at top speed.[The views and opinions expressed in this article are those of the authors and do not necessarily reflect the views and/or the official policy of the website. ]