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NEM’s new Beta launch to ‘leapfrog other enterprise blockchains’

Priyamvada Singh

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NEM's new Beta launch to 'leapfrog other enterprise blockchains'
Source: Pixabay

In its Twitter post and Medium blog of 4th July, NEM has revealed the details of its NEMsp [service provider] Network Beta launch. It has also announced Cryptodus as its new strategic partner.

They have proceeded to explain how it will use the NEMsp Network to advance its blockchain skill. Global NEMsp Network will provide the developers with blockchain training and certificates.

NEM's tweet | Source: Twitter

NEM’s tweet | Source: Twitter

The NEMsp Network is being launched to offer NEM blockchain support, and scale each of their qualified clients, selecting them from diverse business spaces. The Interim President of NEM, Kristof Van de Reck has explained the NEMsp Network, saying:

“The NEMsp Network is a scalable and repeatable program designed to expedite the adoption of NEM globally while creating value for our partners. Companies won’t need to have any internal technical staff to be able to build on the NEM Blockchain because a project can be completely developed and deployed by a NEMsp.”

More so, the President also lays emphasis on Cryptodus, talking in terms of experience and the broad range of services backed by blockchain.

Features of NEM’s blockchain technology:

Superior smart contract plugins used by NEM enable its blockchain engine to power both, public and private networks. The additional perks of these plugins are advanced account systems, decentralized swaps, business logic modeling and bulletproof digital asset creation. The Foundation aims to overtake others in the blockchain industry by pushing enterprise solutions.

Furthermore, Ronaldas Budrys, CEO of Cryptodus said:

“Having full technical resources and expertise in place at the right time, we’ll be able to help clients build enterprise-grade solutions and tackle different industry problems with the help of NEM technology.”

The NEM blockchain was released in March 2015 and believes that the technology is ‘out-of-the-box’ and is built to deploy enterprise solutions.



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Priyamvada is a full-time journalist at AMBCrypto. A graduate in Journalism & Communication from Manipal University, she believes blockchain technology to be a revolutionary tool in advancing the future. Currently, she holds no value in cryptocurrencies.

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