Malaysian Deputy Minister of Primary Industry Datuk Seri Shamsul Md. Akin visited the NEM Blockchain Centre to show his support of NEM.

In this special visit, NEM explained to the minister how blockchain technology works and how NEM is making some changes to the world with its blockchain technology. This interest from the Malaysian Government can help advance NEM.

“#Malaysia‘s Deputy Minister of Primary Industry, Datuk Seri Shamsul Iskandar Md. Akin recently paid a visit to the #NEM Blockchain Centre. We had the opportunity to give the deputy minister an overview of #blockchain and NEM as well as its use cases,” @NEMofficial tweeted.

Blockchain is an asset management system and is continuously being improved. With its unique features (speed, security, and no third party involved), blockchain will make things easier to and more time-efficient.

Malaysia’s support will be a great boost to NEM. Its economic power will help NEM grow its network and promote cryptocurrency. It can also help facilitate the adoption of XEM, especially around Southeast Asia.


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.