NEM Showcases New Companies Built on its Blockchain at Consensus
The NEM.io Foundation (https://www.nem.io/) and the developers of NEM, creators of the peer-to-peer NEM blockchain platform providing payments, messaging, asset making and more, today announced a line-up of 15 partners at Consensus deploying NEM to build new products. One of the highlights is the beta launch of Catapult (also called mijin v.2), the latest update to the NEM blockchain run by Tech Bureau. Catapult is a fully-featured blockchain engine powering private networks with unique smart contract plugins and is planned to roll out on the public network in late-2018. Catapult’s plugins enable bulletproof digital asset creation, decentralized swaps, advanced account systems and business logic modeling.
“The vast array of our partner companies at Consensus highlights how NEM blockchain provides real, customizable solutions for a growing range of industry sectors”, said Kristof Van de Reck, Interim President of the NEM Foundation.
The Catapult platform represents a commercial open-source approach to an enterprise distributed ledger offering built by Tech Bureau, powering both public blockchain networks, like NEM, as well as larger-scale, high-throughput enterprise distributed ledger deployments, complete with unique smart contract plugins. These plugins enable bulletproof digital asset creation, decentralized swaps, advanced account systems and business logic modeling.
The release of Catapult follows nearly three years of development, testing and continuous platform enhancements, now delivering an enterprise-ready version of the NEM protocol for running both permissioned and mixed private/public blockchain networks. Catapult has introduced aggregated transactions and multi-level, multi-signature accounts — features not available on any other blockchain.
“Fueled by Catapult, NEM is the Swiss Army knife for enterprises adopting blockchain technology,” said Van de Reck. “Its powerful suite of components combined with ease of use and implementation will accelerate enterprise blockchain adoption to serve the needs of the biggest technology businesses in the world, whether for electronic money systems, user authentication, land and property registration, logistics tracking, food traceability, or numerous other uses.”
You can visit NEM, Catapult, and other key NEM partner companies at the NEM Pavilion on Day 3 of Consensus.