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NEM – Distributed Ledger Technology (Blockchain)


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NEM Advantages

How does NEM shove blockchain voorstelling further?

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

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 lightly mate up and use blockchain where it’s strongest: secure transactions and ledger keeping. Ter brief, configure NEM for your business, and then deploy blockchain incrementally and without compelled retooling of existing infrastructure.

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

NEM’s architecture provides an exceptionally secure and stable podium through its use of Eigentrust++ and an incentivized public knot network based on its two-tier architecture. The significant risks inherent ter on-blockchain “smart contracts” are eliminated by providing building block customization to NEM functionality that keeps application security te your forearms, not on the blockchain. And NEM’s private blockchain option permits finish control overheen internal gegevens privacy when a public blockchain isn’t the right solution.

Example NEM deployments

NEM Clever Asset System

Concentrate 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 Clever Asset System permits you to totally customize how you use the NEM blockchain. Very first, your Namespace defines your huis 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 Clever Assets that you can use to represent lots of plain things: it could be a coin, a signature, a status update or more – you determine.

To create truly Clever Assets however, NEM permits you to create Addresses that act spil containers for Mosaics that can be connected with Multisig rules. An address can simply represent a user, such spil an account holder. But it can also represent an individual unique asset such spil 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 Wise Assets can be used to create a broad diversity of blockchain solutions, quickly and reliably.

Use Case Examples

NEM’s modular Wise Asset system enables businesses to build an incredible diversity of real world application uses. By using NEM’s built-in features to define your Clever 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 toneelpodium

To see how to use NEM Brainy Assets to build thesis and more use cases ter more detail, see our Enterprise Use Cases pagina.

Podium Architecture

NEM’s architecture is designed for both plainness and plasticity of development. The blockchain itself is supported by knots running NEM-provided software that implements NEM’s feature set and unique overeenstemming 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 elementary 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 choose without being coerced to reimplement existing business logic or develop te an unacquainted environment.

Related movie: What is a Blockchain? Bitcoin, Litecoin & Dogecoin

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