1 Level
12 Review
6 Karma
Review on NEM by Anika Chowdhury
NEM is primarily a financial blockchain solution which can be used for payment…
NEM is primarily a financial blockchain solution which can be used for payment, clearing and settlement in a fully controlled and private environment. As such, it meets the requirements of most regulatory frameworks. NEM also has more creative applications, such as Apostille, a solution for notarizing documents, updating them and changing their ownership. These diverse applications are made possible thanks to NEM’s asset agnostic nature.
Pros
- From payments and transfers to logistics solutions, recordkeeping and voting systems, there are plenty of potential real-world use cases for the NEM ecosystem that could encourage the widespread adoption of the platform. It has some unique qualities, it is still arguably just another smart contracts platform that is marketed differently. Therefore, there is no guarantee that its differences will make enough of an impact to outperform its competitors.
Cons
- In the review of the NEM blockchain, I will be going over four critical areas of interest. I hope that you find this review useful my mission is to steer crypto investors in the right direction. Often there is so much shilling and scams going on in this industry it’s hard to focus on the legitimate crypto projects such as NEM.
