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Review on NEM by Bodo Julcsa
NEM is a peer-to-peer, scalable, blockchain platform ready for small and…
NEM is a peer-to-peer, scalable, blockchain platform ready for small and enterprise businesses. NEM aims to penetrate into the banking sector, which requires mainly transparency and transaction verification. For this reason the NEM blockchain is public. However NEM offers also a private blockchain to satisfy all customer needs.
Pros
- Financial services companies can use NEM for instant payments and transfers anywhere in the world. One of NEM’s key advantages is its ability to seamlessly interface between public and private blockchains. This means you can transfer currency, tokens, or files from your internal company network, through the public blockchain, and into another company’s network.
Cons
- The official website is still not easily understandable for standard users. Mass adoption is less likely to happen if people are not well educated with NEM’s features.
