NEM, The Biggest Blockchain Company Involved In South America

Menajem Benchimol
Good Audience
Published in
3 min readJul 11, 2018

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As the industry progresses, most blockchain companies have their eyes set on the biggest continental markets: North America, Asia, and Europe. Cryptocurrency exchange battles in the USA (Coinbase, Robinhood, Gemini, and Circle), Blockchain hubs in Europe (Malta, Switzerland, and Gibraltar), and most progressive regulations and usability in Asia (Japan and South Korea).

For centuries, these three continents have been leading technological advancements (mainframe, internet, ad mobile), and blockchain seems to be no different. If we want technology to make an impact in society, we have to help under developed countries in Africa, South Asia, and South America take advantage of this wave because they can benefit the most from this technology. Cryptocurrencies can act as a supplement currency in hyperinflated affected regions (Venezuela, Zimbabwe, Argentina), and decentralized and transparent databases can bring political stability to corrupted elections (Venezuela, Brazil, etc).

NEM

is a blockchain for enterprise technology service that introduced smart asset systems and proof of importance consensus. The more you use the network to transact and interact with other users, the more influence and “harvesting” power you have within the network.

Whats interesting about this project is their community involvement in under developed countries. From establishing a NEM Blockchain Center in Malaysia to help incubate and accelerate blockchain startups in the region, to showing a strong presence in Colombia, Mexico and other Latin countries. NEM really believes that communities will help them grow their cryptocurrency and blockchain adoption. From providing content in Spanish and Portuguese, to hosting local meetups and events. This technology can help the countries that need decentralization the most as corruption rises.

NEM Colombia

Pedro Gutiérrez, president of the company Synergy Cripto Adviser SAS and leader of NEM Latin America has been working hard to establish a strong presence in the country and make an impact in the region. From starting industry meetups in Bogota, Medellin, and Cali to helping local startup leverage this technology. Colombia is an interesting country to become a blockchain hub in the continent. Even president elect, Ivan Duque has expressed interest in blockchain technology to help leapfrog his country. Will this tropical country become the Malta of South AMerica?

NEM Mexico

Another country with a big presence from NEM is in Mexico. They host monthly NEM meetups in Mexico City, Guadalajara and Monterrey to promote their smart asset system. Some government officials have been looking into NEMs, Bitcoins, Ethereums and Chains blockchain to solve political corruption. Mexico’s national digital strategy coordinator Yolanda Martinez said during Blockchain HACKMX that blockchain can solve

easily corruptible human element and introduce transparency to the public tender process.

Lets see how this develops with the government.

NEM Brazil

For the Portuguese speaking country in the region, NEM has established material and content to educate locals about their technology. Meetups are available in Rio with hundreds of active members and hackathons can be made available for developers. Brazil is home to one of the biggest political scandals in history: operation car wash. From business magnates, to local juries and even the president, a whole mess known as the mechanism took place for years. With a distributed ledger that all the information is securely available within a public blockchain, scandals like these would be easier to spot and prevented.

NEM Argentina

Argentina has become one of the biggest blockchain startup producers in the region with RSK ( RootStock) and Ripio calling Buenos Aires their home. NEM sees Cordoba and Rosario as their hub in the country and intend to grow to more cities as well. NEM can help develop a wave of blockchain entrepreneurs to help support their country and the whole continent with technology pioneers.

If you are interested in hosting a NEM meetup, event, or hackathon LATAM Blockchain Solutions is here to help you establish a NEM presence in your city!

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Every second provides an opportunity for optimism & growth. Co-creator and storyteller — https://diamondapp.com/u/menajem