Gifto Decentralized Blockchain App Partners with NEM for Scaling and Lowering Costs

Gifto Partners With NEM

Gifto, a blockchain-based decentralized application (dApp) ecosystem, announced that it will partner with NEM, a blockchain application platform. The partnership will allow Gifto to test over the next several months the NEM blockchain to enhance scalability for some its blockchain-based services, in comparison to its current Ethereum architecture.

Andy Tian, Gifto CEO stated “Gifto is one of the few projects in the blockchain space demonstrating using growth and real utility. In order to maintain a great user experience on our platform, we are constantly evaluating new blockchain technology beyond Ethereum, and NEM has promised solutions to some of Gifto’s needs.”

Steve Li, NEM China Regional Head, added “We built the NEM blockchain platform from the ground up to outperform competing services in all facets. Our partnership with Gift helps NEM reach a new user base, and we look forward to collaborating with their team.”

NEM designed its blockchain platform and developed the code, focusing on areas of scaling and speed. The technology is permissioned, private, and it delivers industry-leading transaction rates for international ledgers. Further, the platform has a revolutionary consensus mechanism that ensures that the platform is an open and public blockchain that can grow without compromising throughput or scalability.