NEM Foundation Update: March 2019 (Part II)

Dear community,

We would like to provide a list of updates based on the confirmation of funding of 25 million XEM, as well as an update on our transformation initiative.


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Moving forward with updates on NEM Labs

Based on the announcement from the Core Team – Update from the NEM Core Team on funding proposals for the NEM Foundation & NEM Labs; we appreciate the transparency of the Core Team in sharing their reasons for not approving the NEM Labs funding proposal. We support the recommendation that the NEM Labs team rework their proposal and submit it under the NEM Foundation Service Provider (contractor) program. We are already working with affected NEM Labs employees to apply for positions within the NEM Foundation in order to continue their contributions on growing the NEM ecosystem.

Hiring will begin within the new structure

We will be updating the website and forums to start to begin hiring strategic team members for NEM Foundation. Hiring and interviews for all open roles are expected to begin on 1 April 2019.

Confirmation of Agatha Priscillia as the Chief Financial Officer

Agatha already has her support staff and has been an instrumental player in our audits and payment of outstanding expenses. She has more than 20 years in the finance industry and will be working with the Executive Committee and Council in the financial transition into the new structure.

Confirmation of Karen Cohen as the Interim Head of Human Resources and Operations

Karen Cohen has experience working for the consulting firm McKinsey as well as various HR and Operations roles in the blockchain industry. She is the State President of Victoria for the Australian Digital Commerce Association and Board Member of Blockchain Australia and runs Women in Blockchain Melbourne.

Confirmation of Jasmine Ng as the CEO of the NEM Blockchain Center and Business Development Director of South East Asia

Jasmine comes with extensive experience in banking and digital transformation. She will be leading the turnaround of the NEM Blockchain Center into a profit-making entity. Jasmine was formerly the Head of Strategic Digital Alliances for the largest bank in Malaysia.

The departure of Hiroki Koga

We regret to announce that Hiroki Koga has tendered his resignation as a NEM Foundation Council Member. We thank Koga-san for all of his hard work with NEM Japan and the Council and we wish him the best in all his future endeavors. We ask that the community respect his decision and grant him privacy during this time of transition. We deeply appreciate the support of the Japanese community and ask for their ongoing patience during this transition.

We recognise the important contributions of the Japanese community and are committed to open dialogue between the Japanese community and NEM Foundation, therefore, Rio Kondo has been appointed as a dedicated Project Manager to support Japanese communications and provide feedback from the Japanese community to the Council.

Progress update: Integration of NEM with Ledger

NEM Foundation is working with contributors to the NEM ecosystem and research is ongoing about a NEM integration with Ledger. Ledger is a hardware wallet with more than 1.5 million units sold across 165 countries. We will be providing progressive updates on this soon.

Progress update: NEM Foundation Catapult Roadmap

We are committed to publishing a roadmap by NEM Foundation by the end Q1 2019 (31 March 2019). The first draft has been reviewed by selected community members and we continue to work with the Core Devs for the final submission of the NEM Foundation roadmap. Progress is being made with the Project Management Committee (PMC) and we will be updating the community with a public NEM Foundation roadmap within the next 2 weeks.

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