Re: NEM (XEM) Official Thread - 100% New Code - Easy To Use APIs
http://www.bloomberg.com/research/markets/news/article.asp?docKey=600-201606200600PR_NEWS_USPRX____HK27198-1
Bloomberg !!!!!
The news of DRAGONFLY using NEM blockchain is now out there !!!!!!!
Are you sure that particular project uses the public chain ? Just from the sound of it I would have guessed it to be using mijin.
I was hoping to post a tweet about this news.
Clearly, NEM is involved - as per 1st para of report:
Quote
Singapore Dragonfly Fintech (DF), clinched a deal today to power Metro Money Exchange, a Malaysian licensed wholesale and money remittance company using the NEM's Blockchain Technology. The payment and settlement solution will be implemented in partnership with BC Fintech Sdn Bhd, a Dragonfly system integrator.
The solution will drive the entire remittance chain, from wholesale foreign exchange to the receipt of fiat money at the recipient's end. The remittance market in Malaysia is about $10 billion per annum.
The solution will drive the entire remittance chain, from wholesale foreign exchange to the receipt of fiat money at the recipient's end. The remittance market in Malaysia is about $10 billion per annum.
But what can we tenably and legitimately say about NEM's involvement?
They are using Mijin as a private chain, not the public NEM blockchain.
It says NEM technology, because mijin is based on NEM technology. They should have made it clearer in the press release.
Nonetheless NEM will benefit from this directly because if Mijin is successful and gets more money, it can pay more developers, who will contribute to the core (Catapult) which is shared by Mijin and NEM, plus it gives NEM a lot of credibility and proves that it's enterprise quality technology, which will help the entire NEM ecosystem immensely.