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Cryptocurrency News

NEM Blockchain Hubs for Australia and New Zealand

By July 16, 2018 No Comments

The NEM.io Foundation, which created the peer-to-peer NEM blockchain platform and the XEM cryptocurrency, has announced plans for two new NEM blockchain hubs. One will be in Australia, the other in New Zealand. NEM has a $100m AUD fund to further the use of cryptocurrencies. The main goal of the hubs will be to educate and inform the public about blockchain.

The Foundation says the hubs will also support start-ups and bigger organisations looking to adopt the technology in their businesses. The hubs will aim to achieve this through regular workshops, hackathons and forums. NEM.io recently launched Asia’s first blockchain hub in Kuala Lumpur.

Jason Lee, NEM.io Foundation’s Expansion Director for Australia and New Zealand, said: “The priority for the NEM Blockchain Hubs is to educate and inform the general public and businesses about the benefits and applications of blockchain. Secondly, we want to be able to attract software developers, start-ups and the wider blockchain community to explore and develop the NEM blockchain technology platform.

“The priority for the NEM Blockchain Hubs is to educate and inform the general public and businesses about the benefits and applications of blockchain.”

“The Foundation has an existing fund which has been helping kick start six companies in Australia and New Zealand. With the launch of these hubs, we are looking forward to fund more businesses and work with ecosystem members who would like to go on this journey with us. ”

The NEM hub in Brisbane is to be hosted by TravelByBit, a NEM funded company that is on a mission to open up Australia to digital currency tourism. It has built a network of local tourism businesses across regional Australia, allowing travellers to pay for goods and services with digital currencies – without the hassle of foreign exchange rates.

Caleb Yeoh is CEO of TravelbyBit and also a board member of Blockchain Australia. He said: “We have been part of the crypto and blockchain community in Australia for some time and the development of the NEM Blockchain Hub will be a positive step forward towards education and adoption in cryptocurrency.”

“…the development of the NEM Blockchain Hub will be a positive step forward towards education and adoption in cryptocurrency.”

The hub at Westport, in New Zealand, is to be hosted by the CerebralFix Group, a gaming studio that works with Disney, DreamWorks and the BBC. It recently developed the ‘MatchNEM’ game.

The Foundation will hold launch events at EPIC Westport on Wednesday, 25 July, and at The Precinct, Brisbane, on Friday, 10 August.

With a presence in over 100 cities in 47 countries, the Foundation is considered an international driving force of digital ledger technology. The NEM Global Community Fund currently stands at AUD$100 million (300 million XEMs).

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