NEM has started its plan to expand in Australia’s blockchain system by launching the NEM Blockchain Hub in Melbourne. The blockchain hub has their own dedicated NEM representatives to engage with members to the public and the community, to help them understand NEM Foundation’s vision of blockchain technology and its cryptocurrency, XEM.

It will also be a way to continue to grow NEM’s ecosystem partners and help support startups that are interested in adopting the technology for their businesses through activities, blockchain workshops, and forums held throughout the year.

“The launch of the NEM Blockchain Hub in Melbourne is a strong sign of our commitment towards supporting innovation in Australia and the world. Having first launched our Australian operations at the FinTech Australia Intersekt Festival last year, NEM is now present in over 40 countries,” said NEM Lead in Australia and New Zealand, Jian Chan.

The NEM Australia and NZ Head also expressed that NEM plans to launch further hubs across the Asia Pacific region as part of its global expansion strategy.

Dr. Kate Cornick, CEO of LaunchVic, says LaunchVic is pleased by the opportunity to work closely with the NEM Foundation and its ecosystem partners.

“Blockchain is a fast-growing and evolving technology, and LaunchVic is pleased to welcome Foundation to the Victorian Innovation Hub. This is set to become a multi-sector co-working facility that celebrates collaboration and innovation for more than 360 of Australia’s top startups, accelerators, and incubators,” said LaunchVic CEO, Kate Cornick.

The NEM Blockchain Centre and Blockchain Hub will also join Stone & Chalk, one of Australia’s fintech fixtures, which extended from Sydney to Melbourne in 2017.

“We are excited to include NEM as a part of the Stone & Chalk community. Blockchain is an area of growth and we look forward to working together on initiatives to support the ecosystem here,” said Stone & Chalk General Manager, Alan Tsen.

The Innovation Hub is home to several key organizations across the Australian fintech, startups, and blockchain space, including: LaunchVic, Stone & Chalk, CSIRO’s data innovation group Data 61, That Startup Show, Starmate, Sprout X, and The Medtech Actuator.

“There is a demand within our community to understand the difference between various blockchain protocols, and we are glad that we are able to work with NEM on this,” said Blockchain Centre General Manager, Karen Cohen.

Reference: CryptoGlobe

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 Foundation Ltd 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.