Nem Foundation Launches Blockchain Hub In Australia

The NEM Foundation has created a center in Melbourne, where representatives of the company will support the development of the blockchain and cryptocurrency industry in Australia.

NEM Blockchain Hub will organize educational programs, blockchain events, as well as serve as a business incubator and support center for startups using the NEM network.

As the head of the NEM Foundation in Australia and New Zealand, Jian Chan (Jian Chan), the launch of the blockchain hub in Melbourne is an indicator of the company’s desire to expand its presence in the world. After opening the center in Australia, the NEM Foundation is present in more than 40 countries, he added.

Representatives of the local industry were enthusiastic about the opening of the NEM Blockchain Hub in Melbourne, noting that this will add diversity to the blockchains outside Bitcoin and Ethereum, as well as help to better understand their differences.

The NEM Foundation said that in addition to the existing and future joint projects with Australian startups, it is also planned to conduct several ICO on the basis of the NEM network.

Recall that this year the Australian government decided to allocate 700 thousand Australian dollars (more than $520 thousand) for the study of blockchain technology.

Australia has become a thriving blockchain ecosystem. Recently, it was reported that the country was implementing blockchain to allow for paperless insurance payments.