The NEM.io Foundation (https://www.nem.io/), creators of the peer-to-peer NEM blockchain platform providing payments, messaging, asset making and more, today announced a strategic alliance with Blockchain Global, one of Australia’s leading blockchain companies operating international auditing and network infrastructure services. The partnership is aimed at expanding NEM’s reach while facilitating mainstream adoption of blockchain technology internationally.
The partnership’s first initiative will be to open a Blockchain Center in Kuala Lumpur, Malaysia to serve as an incubator, accelerator, and coworking space. Scheduled to open in August 2017, the 10,000-square- foot Blockchain Center will house the NEM Blockchain Innovation Lab, a headquarters for research and development as well as regional support for organizations interested in using the NEM platform within their IT infrastructures. Later this year, NEM plans to work with Blockchain Global to develop a cryptocurrency exchange for the NEM ecosystem. Blockchain Global previously built ACX.io, Australia’s largest Bitcoin exchange by volume.
“We’re excited to partner with Blockchain Global in this rapidly evolving blockchain ecosystem,” said Lon Wong, president of the NEM.io Foundation. “This strategic alliance will fuel expanded reach, deeper collaboration, and multiplication of value as we journey towards developing blockchain hubs around the world.”
“We’re proud to work with the NEM.io Foundation, as we believe their blockchain technology platform is the future standard for mainstream enterprise and organizational infrastructures,” said Sam Lee, CEO of Blockchain Global. “The opening of a nonprofit blockchain center in Malaysia allows both Blockchain Global and NEM to pursue our missions to foster mainstream innovation and adoption internationally.”
The NEM.io Foundation is expected to spend around $40 million USD in the next year to fund its global expansion programs. $5 million will be allocated towards supporting blockchain companies incubated in the Blockchain Center.
About NEM.io Foundation Ltd
NEM.io Foundation is a non-profit organization based in Singapore, set up to promote NEM’s blockchain technology globally. It is currently one of the most well-funded and successful blockchain technology
projects in the cryptocurrency industry. NEM’s technology is currently being utilized in a variety of financial institutions and industries, such as Hitachi with its 150 million customer base. For more information, please visit: www.nem.io
About Blockchain Global Ltd
Blockchain Global Limited is a profitable public company founded in 2014 as Bitcoin Group Limited. The Company’s activities generated AUD 1.9 million and AUD 5.9 million revenue in FY15 and FY16 respectively. In 2016, the company rebranded as Blockchain Global Limited to better reflect the expanded operations, which include a Management Consulting Division and Corporate Incubation Program.
Disclaimer Transform Group is the source of this content. Virtual currency is not legal tender, is not backed by the government, and accounts and value balances are not subject to consumer protections. This press release is for informational purposes only. The information does not constitute investment advice or an offer to invest.