Strengthening its position in Southeast Asia, NEM Indonesia begins to roll out
In early 2017, NEM Foundation announced that it has allocated US$40 million of its funds to expand globally. With the focus to create presence to mainstream people and enterprise all over the world. Southeast Asia as one of the fastest emerging markets in Asia is a focus of the NEM foundation to expand. With the help of the upcoming blockchain centre located in Kuala Lumpur, Malaysia, it is expected that NEM will set foot on all of the potential South East Asian countries. One of the leading country in terms of economic growth in Southeast Asia is Indonesia.
First appeared on medium
Currently, Indonesia is in its initial phases of understanding what blockchain technology is; this makes the 4th most populous country a perfect opportunity for NEM to expand its technology. NEM put its first mark in Indonesia on 11th November 2017 where the first NEM 101 meetup was held in Jakarta.
It was the first NEM meetup and the response was great as 43 registered for the meetup in the meetup.com platform. However, only less than half showed up possibly due to bad weather. Regardless of the number of participants present at the meetup, all participants were people from industries interested in the technology instead of its cryptocurrency. The meetup was fruitful, and one participant even had an idea to use NEM to track coffee beans in Indonesia. At the end of the meetup, a lot of the participants requested for a more technical meetup or workshop on how to develop on top of NEM blockchain.
NEM 101 Meetup in Jakarta
After a productive meetup in Jakarta, NEM Indonesia managed to draw interest from the University of Indonesia and Yafi was invited as a speaker to talk in front of computer science students on 15th November 2017. It turns out that the most of the students present at the talk were aware of blockchain technology and even some tried to build on top of blockchain technology. Although the NEM blockchain is still relatively new to them, question after question was asked showing that they are curious and enthusiast to know more about this new technology. Further down the road, NEM Indonesia expects to have more collaboration and partnership with universities in Indonesia.
About NEM
NEM is an innovative blockchain technology project, a peer-to-peer crypto platform. It is written in Java and JavaScript with 100% original source code. NEM has a stated goal of a wide distribution model and has introduced new features in blockchain technology in its proof-of-importance (POI) algorithm. NEM also features an integrated P2P secure and encrypted messaging system, multisignature accounts and the Eigentrust++ node reputation system.
NEM has gone through extensive open alpha testing starting June 25, 2014, followed by lengthy and comprehensive beta testing starting on October 20, 2014. NEM’s public blockchain launched on March 31, 2015, and is now running without interruptions for almost two years. The private chain project “mijin” is powered by NEM technology.
