NEM Malaysia is a fully-owned subsidiary of Foundation Ltd, a non-profit technology organisation registered in Singapore. NEM is one of the first blockchain technology project to establish its own dedicated blockchain centre in Kuala Lumpur, Malaysia with our own native cryptocurrency, XEM.
XEM is the fuel and proof of NEM’s robustness as a blockchain platform. Since its first genesis block in 2015, the NEM blockchain protocol has been running uninterrupted processing transactions securely and accurately.
Using secure cryptography, the NEM blockchain can be used for a wide variety of applications across multiple industries. The NEM platform is a highly available system that it is hack-proof, tamper-proof, scalable and low cost to deploy and therefore creating a trusted network for any transaction through its network.