NEM (New Economy Movement) is a written in Java P2P blockchain platform, that was launched on March 31, 2015. NEM is an absolutely exclusive branch of the development of the block culture, differing from blockchain. The platform brings together the best characteristics of Bitcoin, Ethereum, and Ripple. The NEM blockchain transaction speed is 10 times faster than Bitcoin one. NEM is featured with new blockchain technology such as proof-of-importance (POI) algorithm, multisignature accounts, an Eigentrust++ reputation system, and encrypted messaging. The NEM blockchain software is being tested by financial institutions in Japan. The NEM’s team is aimed at integration into the banking system and cooperation with banks.
