NEM to Launch Closed Beta of Catapult Blockchain Engine

Closed engine's preview for developers will demonstrate the technology, which will first be used in private networks, and then in the public blockchain of NEM
26 March 2018   804

NEM Foundation, the developers of the NEM P2P platform and Tech Bureau announced the launch of a closed beta testing of the Catapult engine, also known as Mijin v.2. Partners, customers and individual community developers will be able to participate in it, according to a press release.

It is planned that a closed engine's preview for developers will demonstrate the technology, which will first be used in private networks, and then in the public blockchain of NEM. The creators also noted "unique smart contract plugins that allow you to create bulletproof digital asset creation, decentralized swaps, advanced account systems and business logic modeling."

Beta-testing Catapult will take place in three stages:

  • Phase 1: Catapult Developer Preview and SDK release
  • Phase 2: Evaluation release of Catapult Core Engine
  • Phase 3: Dual-licensing of Catapult in both Open Source and Commercial licenses

We’re proud to partner with Tech Bureau, as we believe the new Catapult blockchain technology platform is the future standard for mainstream enterprise and organizational infrastructures. Catapult is more than just an improvement to the NEM Blockchain. It is an industry milestone that opens up new capabilities for blockchain database functionality.
 

Lon Wong

President, NEM.io Foundation

In addition to improving speed and scalability, Catapult will also offer aggregated transactions and accounts with multi-level multi-signatures. According to the developers, such a functional was not previously presented in any of the existing blockchains.

NEM to Invest $120k in Malaysian Blockchain Startups

NEM in Malaysia will be engaged in the promotion of blockchain start-ups, as well as helping companies integrate DLT into their projects
05 July 2018   154

The NEM.io Foundation has opened a blockchain centre in Malaysia. The company allocated $ 120,000 to develop projects based on DLT in the country. This is reported by Ethereum World News.

The NEM Malaysia Center will be engaged in the promotion of blockchain start-ups, as well as helping companies integrate distributed ledger technology into their projects. NEM.io Foundation hopes to popularize its own XEM cryptocurrency in the region.

The task of the headquarters also includes informing the population about the features of the blockchain.

There is not enough understanding and (not enough) people who know how to use the technology to build up solutions for companies to solve some of the world’s problems. I think the mindset still remains the biggest challenge. For example, people may think it is complicated because of the buzzwords or more specific terms that are used.
 

Stephen Chia

Local Head, NEM.io Foundation

In March NEM.io Foundation and Tech Bureau announced the launch of the closed beta testing of the Catapult engine.