Blockchain Technology Will Help Southeast Asia to Leapfrog the West

Lon Wong is the President of NEM Foundation, the creators of the NEM Blockchain Blockchain Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned.) In this sense, blockchain is immune to the manipulation of data making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tampe Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned.) In this sense, blockchain is immune to the manipulation of data making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tampe Read this Term platform whose native cryptocurrency (XEM) is the sixth most valuable blockchain token in the world with a $2 billion market cap.

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Lon sat down to talk with Finance Magnates today about the recent NEM developments and his future plans. The interview was broadcast live and a video recording is available here:

We talked about how the NEM Foundation's Blockchain Center in Kuala Lumpur, Malaysia, will serve as an incubator, accelerator, and co-working space for startups from all over the world. The 10,000-square-foot Blockchain Center will house the NEM Blockchain Innovation Lab, a headquarters for research and development as well as regional support for organizations interested in using the NEM platform within their IT infrastructures.

Also discussed was the upcoming dedicated cryptocurrency exchange platform for the NEM Foundation, built exclusively for trading XEM cryptocurrency by Australia’s Blockchain Global.

Additional topics covered were Tech Bureau's debut of COMSA, a complete Initial Coin Offering (ICO) Initial Coin Offering (ICO) An Initial Coin Offering (ICO) is a kind of crypto token sale that is used as a method of fundraising, similar to an Initial Public Offering (IPO), in which stocks are sold to raise money for a company.In order to launch an ICO, a company simply needs to create a website, issue a token, and set a time and date for the sale. Investors buy ICO tokens in exchange for another cryptocurrency, like Bitcoin or Ethereum; after a set amount of time, they receive the tokens they purchased in the sale.Acco An Initial Coin Offering (ICO) is a kind of crypto token sale that is used as a method of fundraising, similar to an Initial Public Offering (IPO), in which stocks are sold to raise money for a company.In order to launch an ICO, a company simply needs to create a website, issue a token, and set a time and date for the sale. Investors buy ICO tokens in exchange for another cryptocurrency, like Bitcoin or Ethereum; after a set amount of time, they receive the tokens they purchased in the sale.Acco Read this Term) fundraising platform built on the NEM protocol. Lon thinks that this is something that could bring greater reliability and trust to ICOs, thus attracting much more projects in Japan. Tech Bureau plans to accelerate the growth of its existing core businesses – its own cryptocurrency exchange, Zaif, and its private blockchain product, Mijin. Both Zaif and Mijin will be core elements of the COMSA solution.