NEM Develops Scanetchain, A dApp For Blockchain Commercialization
Scanetchain is the latest development from the NEM platform, making it the first digital app that is meant to help commercial businesses. This new venture is a decentralized and open platform that allows its users to make a profit on their products and content. There is a small fee for royalty and disclosures, but the platform makes it possible to maintain a variety of advertisements and other content in a condensed ecosystem that supports multiple brands.
On the NEM Twitter page, the company posted:
#Scanetchain, a decentralized open platform, to disrupt commerce industry ensuring interoperability of advertising, shopping, contents, and social networking services through using augmented reality (AR) technology — powered by #NEM! Learn more: https://t.co/TXuleLPy6k pic.twitter.com/CUJ0jCSLpH
— NEM (@NEMofficial) June 11, 2018
With the technology the NEM offers in their blockchain, Scanetchain offers an API that is easy to combine the current platforms used by shopping malls and advertisement platforms. NEM supports a system that has helps users in IT, wander, exchanging, and other issues in the crypto-world.
Coinsuper recently established the XEM token to exchange. This addition demonstrates further how NEM is taking over the Asian exchanges. In fact, in May, NEM’s foundation decided to collaborate with Tutellus and Cryptonomos, giving Tutellus the chance to use their blockchain technology to manage their learning courses. Additionally, NEM is officially associated with BitPrime, which is hosted in New Zealand where they will soon have an NEM airdrop.
Right now, XEM is valued at $0.22 per token, and maintains a market cap of $2 billion. However, that is a drop of 12.11% in value for the whole week.