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NEM Advantages

Blockchain technology offers a fundamentally streamlined method of maintaining a secure ledger of transactions compared to a traditional database.

How does NEM push blockchain performance further?

NEM’s blockchain platform was designed and coded from the ground up for scale and speed. NEM’s permissioned private blockchain delivers industry-leading transaction rates for internal ledgers. And its revolutionary consensus mechanism and the Supernode program ensure that NEM’s open, public blockchain can grow without ever compromising throughput or stability.

Blockchain technology offers the potential to drastically simplify an enormous variety of secure ledger, transactional, and tracking systems compared with traditional databases.
How does NEM make blockchain development easier?

NEM’s blockchain exposes its functionality through a powerful API interface that can be used with any programming language, not a specific “smart contract” language. Existing business logic code can easily mate up and use blockchain where it’s strongest: secure transactions and ledger keeping. In short, configure NEM for your business, and then deploy blockchain incrementally and without forced retooling of existing infrastructure.

Blockchain technology is expanding to address many real world uses and applications beyond just “cryptocoins”.
How does NEM customize blockchain to your needs?

Unlike other blockchain technologies, NEM is built from the ground up with powerful modular customization for virtually any application. We call it our Smart Asset system. With it, NEM lets you focus on building exactly what you need, whether that’s a fintech system, tracking logistics, an ICO, document notarization, decentralized authentication, or much more.

Blockchain technology naturally provides a secure method of recorded transactions through its unique consensus-driven ledger concept. But every blockchain’s implementation is different and has different weaknesses and vulnerabilities.
How does NEM make blockchain use even more secure?

NEM’s architecture provides an incredibly secure and stable platform through its use of Eigentrust++ and an incentivized public node network based on its two-tier architecture. The significant risks inherent in on-blockchain “smart contracts” are eliminated by providing building block customization to NEM functionality that keeps application security in your hands, not on the blockchain. And NEM’s private blockchain option allows complete control over internal data privacy when a public blockchain isn’t the right solution.

NEM Smart Asset System

Focus on building exactly what you need, whether that’s a fintech system, tracking logistics, an ICO, document notarization, decentralized authentication, or much more.

The NEM Smart Asset System allows you to totally customize how you use the NEM blockchain. First, your Namespace defines your home on the blockchain where you can name your own Mosaics, provide easy-to-remember names to user addresses, and more.

Mosaics then are the basic building blocks of Smart Assets that you can use to represent lots of simple things: it could be a coin, a signature, a status update or more – you decide.

To create truly Smart Assets however, NEM allows you to create Addresses that act as containers for Mosaics that can be connected with Multisig rules. An address can simply represent a user, such as an account holder. But it can also represent an individual unique asset such as a document, or a song, or a package. You can then update that asset through configurable Transactions.

See our “example use cases” below to see how Smart Assets can be used to create a wide variety of blockchain solutions, quickly and reliably.

Use Case Examples

NEM’s modular Smart Asset system enables businesses to build an incredible variety of real world application uses. By using NEM’s built-in features to define your Smart Assets and connect them together, you can represent almost any system of business transactions on the blockchain with minimal development.

Exchange deployment on the NEM platform

To see how to use NEM Smart Assets to build these and more use cases in more detail, see our Enterprise Use Cases page.

Platform Architecture

NEM’s architecture is designed for both simplicity and flexibility of development. The blockchain itself is supported by nodes running NEM-provided software that implements NEM’s feature set and unique consensus mechanism. This may either be the open, decentralized, self-supporting NEM public blockchain, or it may be a permissioned private NEM blockchain running on your own servers.

The NEM blockchain's range of features is made available to you through simple RESTful JSON calls to an API Gateway Server. This drastically simplifies creation of client apps, or interfacing servers to the blockchain. You can implement your usage of the blockchain using any language you prefer without being forced to reimplement existing business logic or develop in an unfamiliar environment.

We welcome enquiries from Enterprise Customers or Developers wanting to talk directly with the NEM team

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Latest News

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  • Tech Bureau Releases Catapult Blockchain Software and Launches On-Demand Developer Lab 14th May 2018
    The second version of the company's popular mijin blockchain software, codename Catapult, delivers update for the NEM protocol on public and private networks, providing swift and scalable smart asset and signing technology for the enterprise NEW YORK [CONSENSUS 2018], May 14, 2018 - Tech Bureau, a blockchain software and services
    Sharie Ingente
  • Consensus 2018: NEM‘s Biggest Event Ever 10th May 2018
    Everything you need to know for the upcoming Consensus Trade Show in New York on May 14–16 We’ve highlighted some of the most anticipated features ranging from NEM’s exclusive partnerships to hot new products and Catapult demos. THE NEM TAKEOVER! WE RENTED OUT A PAVILION FLOOR. In
    Alex Tinsman
  • A Letter from Lon Wong 3rd April 2018
    Message from the NEM.io Foundation President Lon Wong as he steps aside his position to expand NEM ecosystem.
    LW