The NEM.io Foundation, the peer-to-peer Blockchain platform providing payments, messaging, asset making announced a strategic alliance with Blockchain Global, one of Australia’s leading Blockchain companies operating international auditing and network infrastructure services. The partnership is aimed at expanding NEM’s reach while facilitating mainstream adoption of Blockchain technology internationally.
As a first step they will open a Blockchain Center in Kuala Lumpur, Malaysia which will be a combination of an incubator accelerator and co working space. This center should be open by August 2017. It will also house the NEM Blockchain innovation lab. NEM then plans to work with Blockchain Global to develop a cryptocurrency exchange for the NEM ecosystem. Blockchain Global previously built ACX.io, Australia’s largest Bitcoin exchange by volume.
As stated by President of NEM.io foundation Mr. Lon Wong, “ We are excited to partner with Blockchain Global and this alliance will fuel expanded reach deeper collaboration and multiplication of value.” In part Mr. Sam Lee CEO of Blockchain global stated,” We are proud to work with NEM.io as we believe the Blockchain technology platform is the future standard for mainstream enterprise and organizational infrastructures. The center will foster innovation and Blockchain adoption internationally.”
The NEM.io Foundation is expected to spend around $40 million USD in the next year to fund its global expansion programs. $5 million will be allocated towards supporting Blockchain companies incubated in the Blockchain Center.