Malaysian Government, Universities Team to Put Degrees on a Blockchain
Malaysia's education ministry has formed a new consortium of universities to issue and verify degrees on the NEM blockchain.
NEM stands for New Economy Movement and powers the Smart Asset System. It’s written in Java and was launched in 2015 – the platform’s currency is called XEM. XEM are harvested through Pol – once you own 10,000 XEM and deposit them in the official NEM Nano wallet they begin ‘harvesting’ and therefore grow in number through interest. Smart Assets allow unique data to be created representing any asset meaning that these assets can be traded using XEM. Multiple ledgers can also exist on one blockchain.Blockchain 101
The NEM blockchain project is launching a development studio to support its move towards a major protocol upgrade later in 2019.
The NEM Foundation is mapping out its survival plans in real time after a funding injection of roughly $8 million last month.
Traditional markets continue to struggle during the coronavirus crisis while cryptocurrencies are seeing an upswing.
The leading non-profit behind the NEM blockchain is seeking $7.5 million in emergency funding to keep the lights on.
NEM surged 25 percent today to reach its highest price since early September while accumulating its most 24-hour trading volume in over three months.