NEM Blockchain already growing with the XEM Coin
With my new found interest in XEM, I am realizing more everyday that the NEM Blockchain Technology, for which the XEM coin represents, is already being used by businesses.
Why are businesses getting on the NEM Blockchain?
- It is API-driven, allowing for easy integration with a business's own internal applications
- An API focus therefore lessens the risks for businesses that are just learning about blockchain
- And other crypto currencies can be created on the NEM Blockchain!!!!
I like to think of the NEM Blockchain the way businesses look at all-in-one services like Wix.com At Wix you can build your own website, setup e-commerce all in a few hours with little to no experience. Imagine businesses trying to get into the blockchain world. They want to look for the quickest way with as much quality as possible so that time and money are not wasted and NEM Blockchain is the way to go.
I will soon be doing some research on companies already using the NEM Blockchain. A few names come to mind:
- Copyright Bank
- Pundix
- Loyal Coin
- Chronotime
- And many more in Japan (will get back to you)
Leave your comments below; vote up and re-steem if you interested. Stay tuned!
Forgot to mention: I recommend investing in the XEM coin. Dec 08, 2017 price was at $0.58 USD. Today, Jan 2, 2018, price is at about $1.19 USD. It is at a steady pace in my opinion. I predict it going beyond $15 at a minimum by the end of 2018.
What metrics predict XEM rising over 10 fold in the next 10 months? It sounds like, from your writing, the cryptocurrency is geared towards companies.. Is that more of a growth area than cryptocoins focused towards consumers? I guess I want to make sense of the investment opportunity you are presenting...
Sorry for the delayed response. I am following @NEMberia on Telegram and Lon Wong, President of the NEM organization hinted at an announcement to come out at 5pm EST New York time, many people were on standby. You can read it on my other blog here: https://steemit.com/nem/@yomaicoin/jan-3-5pm-est-new-york-time-announcement-nem-president-lon-wong-on-snap-interactive-advisory-board .
The press release announced NEM's president , Lon Wong, on the advisory board of Snap Interactive. It is a company based in the US aimed at creating the world’s largest video-based online and mobile communities, leveraging blockchain. And yes, they chose NEM Blockchain to use.
XEM just broke the $2.00 USD range in less than 24 hours and I believe coin investors and even developers are noticing the NEM Blockchain's potential to easily integrate with a company's systems, application, etc., to be of some actual real world use.
I think that in 2017, many people jumped into the cryptocurrency to bank on the rise of BTCs price and just make money. I would probably call that year "The year of the coin." But this year, I think there will be more focus on what the coins are built on, and that is blockchain technology.
New coins come out via ICOs and are advertising its new blockchain technology. But rather than create a blockchain for a single industry or purpose, NEM is poised at helping all industries, countries, and economies. NEM is already being used in places outside the US, like Japan, and with SNAP in the game, it brings blockchain into actual use in the USA.
So what metrics am I basing my prediction off of? Several, but nothing related to some calculated graph or spreadsheet. I am basing my prediction off of:
Did I mention that NEM's organization has set up "Blockchain Centres" in Malaysia and Europe to help educate others about blockchain and help businesses understand the technology? Yes, they are. So coin is great and there will always be value for it, but what if blockchain can do more. Yes it can, and NEM is making that a reality. And the technology is still growing. NEM version 2.0 or "Catapult" will be released soon and that is where things will get very interesting.
So I would say pay attention to the coin, but more so on what it stands for. NEM is moving along and I can't wait to see how our economy will shape with features and capabilities.