Last 2–6 October 2018, NEM actively participated in the GITEX 2018 to showcase what blockchain can do. NEM also brought in some of the projects developed on the NEM platform, as well as some startups that the NEM team has developed an alliance with.
ProximaX, a NEM blockchain-based file storage system, highlighted its power and usability. Its Founder and CEO, Lon Wong, was also a panel member in the 10X stage. Cryptaur X-game and Krypto Football both exhibited the use of the NEM blockchain to power-up gaming platforms, while Prover made it as semifinalist in the Supernova startup pitch competition. Hackquarters, a NEM ally in promoting the use of the NEM blockchain in Turkey was also present in the event. Other NEM partners such as PundiX, Paytomat, Free Market Token, and Denarii Cash drew the interest of investors, incubators, and attendees, even leading to deals and agreements within the 4-day startup exhibit.
NEM’s participation in the GITEX 2018 was closely supported by other regional teams. Southeast Asia teams flew to Dubai to demonstrate support to the Middle East team. NEM Singapore’s William Tan, Abraham, and Wilma Lapuz; NEM Indonesia’s Yafi Muhammad; and NEM Foundation Council Member and Regional Director for SEA Stephen Chia from NEM Malaysia were all part of the crew that manned the NEM booth, together with NEM Middle East.
Perhaps the most important highlight of GITEX 2018 for NEM was the signing of an agreement between the Ministry of Community Development of the United Arab Emirates and NEM.io Foundation to co-develop projects of the ministry to move forward towards UAE’s vision to be blockchain-powered by 2021.
Indeed, NEM’s participation in the event expressed the clear motive of the NEM Foundation to support blockchain initiatives in the Middle East. Because of the success of NEM’s involvement in GITEX 2018, the NEM Middle East team is in discussion with some of the major institutions in UAE in hopes of developing strong partnerships and cooperation in the region.
This is a success for the whole NEM Community!
About the NEM Blockchain Platform
NEM is an out-of-the-box enterprise-grade blockchain platform which launched in March 2015. NEM has industry leading blockchain features that include: multisignature account contracts, customizable assets, a naming system, encrypted messaging, and an Eigentrust++ reputation system. Companies with legacy systems can “plug ‘n play” with NEM.
About the NEM.io Foundation Ltd
NEM.io Foundation is registered in Singapore and is operating globally. It was launched to promote NEM’s blockchain technology worldwide. It is one of the most well-funded and successful blockchain technology projects in the cryptocurrency industry.