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NEM is an open source blockchain project that first started in January, 2014. A project that was developed from the ground up using Java, it is undergoing a second iteration in order to enhance its performance. The NEM blockchain solution is a peer-to-peer platform technology that comes in 2 flavours, i.e., the private chain (Mijin) and the public chain. NEM platform technology is designed to work with mainstream industry requirements, and as a highly versatile solution, it is well suited for the financial sector as well as for general use. NEM’s enhanced features give rise to a holistic solution not found in most blockchains. These include a multi-ledger solution for management of multiple assets and multi-signatory of transactions. One of the more creative applications of the NEM blockchain technology is the Apostille solution where documents can be notarised and subsequently updated and transacted from one owner to another. As a financial blockchain solution, NEM finds its use in payment, clearing, and settlement in a totally controlled private environment that meets the requirements of most regulatory frameworks.
This is a companion discussion topic for the original entry at http://blog.nem.io/nem-mijin-blockchain-technology-briefing-january-2017/