The NEM Middle East team signed a Memorandum of Understanding (MoU) with the Ministry of Community Development (MOCD) of the United Arab Emirates (UAE). The Ministry’s programs and initiatives are focused on children’s rights, family entrepreneurship, and anti-discrimination. They are also engaged in social security policy development, social inclusion of marginalized sectors, and strengthening of Emirati families. NEM’s role is to develop innovative blockchain solutions to these societal problems.
The MoU is about aligning MOCD with the UAE Blockchain 2021 strategy. The NEM blockchain technology, especially with its applications on public notarizations, voting, and registry, will be utilized to develop solutions for MOCD.
This MOU is symbolic of the developing cooperation between MOCD and the NEM Foundation in working hand in hand and developing blockchain-based solutions for the ministry, and establishing programs focused in creating awareness about the technology among the Emirati families.
Present during the signing of the MoU to represent the NEM Foundation is NEM Council Member and Regional Head for SE Asia Stephen Chia, accompanied by the NEM Middle East team. For the MOCD, the signing was done and witnessed by Assistant Undersecretary of Social Welfare Mr. Nasser Ismail, Financial Consultant Yousif Al Hammadi, Technical Business Analyst Walid Sulaiman Al Abbas, and Minister’s Adviser Mr. Saeed Abdulla who initiated the development of their solutions on the NEM blockchain.
Meanwhile, the DTEC Forum simultaneously occurred at the Dubai Technology Entrepreneur Center, attended by other members of the NEM Middle East team. The DTEC Forum discussed the future of smart cities. Four esteemed speakers discussed the drivers of a smart city: Vice President ICT Commercial — Du Telecoms Mr. Jihad Tayara, Mr. Fadi Shanaah from Orange Business Services, Eng. Muammar Khaled Al Katheeri from DSOA, and Mr. Paul Christian Uy Espiritu from the NEM Middle East. NEM presented blockchain as a tool that can be used as one of the key drivers of a smart city. DTEC is located inside the Dubai Silicon Oasis, which is a test bed for making Dubai a smarter smart city.
The signing of the MoU and the participation in the DTEC Forum were both crucial for the expansion of NEM’s influence in the region.
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.