NEM Community to Select Executive Committee and Council Members

NEM, a blockchain platform, announced on Tuesday that it will be holding its 2018 NEM Council Elections on December 7, 2018, where the NEM Foundation community can select new Executive Committee (ExCo) and Council Members.

The elections will be held through NEM’s 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, which verifies membership by using a cryptographically secured identification engine. To be able to vote in the elections, individuals need to become members of the NEM Foundation.

Application to Become a NEM Foundation Member Closes Soon

To achieve this, it is necessary to go through an application and approval process, which can be found on the company’s website. According to the statement, the deadline to become a member to vote in the elections is tomorrow - Wednesday, November 7, 2018.

The poll for the elections will be published on December 3, 2018, and the results will be made public with every vote verifiable on the NEM public blockchain. The poll will then be closed for an extraordinary meeting, which is hosted by the NEM.io Foundation. Here an audit will be conducted, and after this, the newly elected officers will be announced.

Commenting on the results, Steve Li, the Head of China at NEM, said: “NEM.io Foundation has been created to serve the community, now it’s the time for the community to choose their committee members. We encourage members to cast their votes if they want a say in how the Company operates going forward.”

The NEM Council is responsible for discussing the needs of both the NEM Foundation and the NEM technology platform. The Council allows the NEM Foundation to decide on important issues regarding its sustainability and future.

Flora Fang, Head of Taiwan added: “We are the first in the industry to utilize our own blockchain technology for a Council Election, yet another testament to NEM’s spirit of innovation. We highly believe that the community should get involved and join us in deciding the future of the NEM.io Foundation.”