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How Recent NEM Updates Will Impact Its Future - Global Coin Report
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How Recent NEM Updates Will Impact Its Future

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NEM
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North America has control over a large number of global industries like insurance sector, financial sector, pharmaceutical and healthcare sector, supply chain management and the showbiz industry which includes sports. These sectors need a cost-effective way to handle and substantiate volumes of data in a safe and indisputable way. All conglomerates operating in these industrial sectors are projected to be playing a crucial role in integrating blockchain technology in the next few years. Thus the question arises regarding which blockchain technologies are likely to become the leading contenders for adoption by corporate enterprises.

NEM blockchain technology

NEM enjoys a huge competitive advantage over other cryptocurrencies. NEM is equipped with the technology to make this possible since the platform it operates on, is just perfectly conducive for business transactions. Thus NEM is the most convenient and secure blockchain network for corporate developers and organizations. NEM’s blockchain platform of NEM was coded and designed to facilitate both speed and scale. The private blockchain offers superlative transaction rates for internal ledgers. The modular Smart Asset System that NEM uses helps business enterprises to establish a remarkable array of real-world applications. Businesses use the inbuilt features of NEM to define and connect their Smart Assets, thus enabling the representation of any system of business transactions on the blockchain. The NEM Foundation is slated to announce collaborations with leading American companies which will be backing the steadily expanding community of developers and partners of NEM.

NEM to develop a partnership with Blockfolio signal Beta

On 25th June, NEM announced a collaboration with Blockfolio. Blockfolio is one of the most prominent cryptocurrency portfolio trackers. Anyone following XEM in Blockfolio will be receiving real-time updates and notifications starting from news and product updates to weekly proclamations from the interim president of the NEM Foundation, Kristof Van De Rock. NEM plans to make crucial announcements in the future through Blockfolio such that the level of awareness and activities elevates not just in the NEM community but throughout the entire cryptocurrency community. As per the request of NEM, Blockfolio is incorporating a localization feature. This feature would enable you to get updates and real-time notifications translated in the language of whichever region of the world you are in. This is an important step for the NEM community since the majority of the NEMembers is based in Japan, Philippines, and other Southeast Asian nations. The number of members of the NEM community is rapidly growing in areas like Russia and South America as well.

The integration and implementation of blockchain technology are projected to rapidly surge over the following year, thereby opening several opportunities and avenues with it. NEM is cashing in on these opportunities now by consistently collaborating with key partners like Blockfolio and making investments in regions like North America. Blockfolio will play an instrumental role in enhancing communications within the NEM community. However, Kristof Van De Reck aims to take further steps in escalating the flow of information within the NEM community. Hence he is initiating the launch of a new weekly blog post every Friday in the NEM Forums. These blog posts will be emphasizing on crucial announcements coming from the NEM foundation.

Participation of NEM team at the United Nations

Very recently, the NEM team participated in the blockchain for impact event held at the United Nations in New York. This event witnessed the participation of leaders from governments, industries and technology enterprises in the exploration, innovation, co-creation, and promotion of blockchain technology. The objective of this event was to put emphasis on solving real-world problems and come up with initiatives that would have deep and positive impacts at a social level. NEM’s team represented the technology of the cryptocurrency and gave insightful inputs regarding how NEM can contribute and add value to these social programs. Major agendas were announced at the United Nations for the adoption of blockchain technology and DLT (Distributed Ledger Technology) as a means to initiate and provide support to sustainable development within the year of 2030. NEM team is confident that the crypto will play an instrumental part in attaining this goal.

Conclusion

As of 27 June, NEM is trading at a price of 0.150290 USD, with a market cap of 1,352,610,000 USD. It is currently ranked 18th as per coinmarketcap.com. Currently, there are too many cryptocurrencies and technology platforms competing within the blockchain industry. The demand for blockchain technology is increasing at a staggering pace across a wide spectrum of industries. Hence the potential market of blockchain technology, especially of coins like NEM, is huge.

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Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.

Image courtesy of Shiratski via Flickr

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VOLUM uncorks its track and trace platform for global alcoholic beverage producer ISBG

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VOLUM onboards global wine and spirits producer, ISBG, to simplify its supply chain process with a track-and-trace platform that digitizes and reduces traditional paperwork

 

ESTONIA — March 2019 — VOLUM, the blockchain ecosystem for enterprises, is announcing that ISBG, a global producer of alcoholic beverages incubator, is partnering with VOLUM to implement its platform into its sales and distribution process. The VOLUM platform digitizes and simplifies both traditional paperwork and the supply chain process, using its operational smart contracts.

 

A supply chain can be a difficult process to track and trace. A comprehensive system of organizations, activities, information, and resources have to be accounted for, not to mention the overwhelming amount of paperwork. So, what’s a large corporation to do, if it truly wants to accelerate its supply chain while cutting back on paper waste? VOLUM has developed a blockchain framework that allows enterprises to convert traditional paperwork into a digital process while safeguarding all transactions and steps within a company’s supply chain.

 

VOLUM leverages blockchain technology with an ecosystem that is specifically designed for farmers, manufacturers, distributors, public utilities, governing agencies, financial institutions, and IoT data hosts. The VOLUM…

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Blockchain-Focused ETF Arrives on London Stock Exchange

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blockchain-focused ETFs
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The crypto community is still waiting for the US SEC to approve Bitcoin ETFs, with speculation which application might get approval being one of the hottest topics in 2018. However, come 2019, the US government shutdown dragged on, and the Bitcoin ETF request which had the most potential to see a grant got withdrawn by the very companies that submitted the application.

While the question of BTC ETF remains hanging in the air, blockchain-focused ETFs seem to be a different matter entirely. In a recent announcement by an independent investment managed firm called Invesco, the company has stated that it was about to launch the largest blockchain-focused ETF in the world. They managed to go through with this plan, and the ETFs have reached the London Stock Exchange today, March 11th.

The exchange-traded fund includes a portfolio containing as many as 48 different firms which are bringing exposure to the emerging technology. Among them, there is Taiwan Semiconductor Manufacturing, which is a well-known creator of chips used for crypto mining, as well as the CME Group, which is the first regulated exchange in the US which launched Bitcoin futures. There are many other well-known companies as well, such as Intel, Microsoft, and others.

Chris Mellor, the Invesco’s head of ETF equity product management in Europe, said that blockchain has a huge potential to increase earnings, even though…

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Could Jeff Bezos Turn to Bitcoin to Hide Fortune from Wife?

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Jeff Bezos
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Amazon’s Jeff Bezos has made numerous headlines recently due to his overly-publicized divorce, which shows all signs of being one of the most expensive ones — if not THE most expensive one — in modern history. According to estimates, it might cost him as much as $70 billion, which will make his soon-to-be-ex-wife the richest woman in human history.

However, as the process continues to unfold, many have started wondering if things may have ended up differently for Bezos if he turned to Bitcoin for help.

Bitcoin as a divorce tool?

In the last several years — since Bitcoin and other cryptos hit fame — many have started turning to BTC during their divorce proceedings. In fact, it can even be said that using the largest cryptocurrency in this way has become a new trend. The trend has been gaining so much strength that numerous law companies started including advice on what to do in regards to Bitcoin as part of their websites.

However, while the trend has been picking up in recent years, it is nowhere near as easy as it might seem. For example, if there is even a suspicion of a spouse having undisclosed holdings appears during the divorce process, it might be enough to impact the final decision of the judge. In other words, even if there is a complete lack of evidence, but…

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