The startup is launching a new NEM blockchain hub in Melbourne, Australia.

According to the publication Finder, the hub will become a base for training programmes and various events in the field of blockchain and cryptocurrency. In addition, it will serve as a business incubator and support center for blockchain startups working with the technology of the NEM. Given the high level of cooperation that is implemented through such partnerships in Australia and New Zealand, as TravelbyBit, team Foundation NEM I’m sure Australia has in the direction of a bright future.

New Economy Movement (NEM), launched in 2015, is a platform within which new functionality will be developed for the system of the blockchain. The native currency of the platform XEM rose in price after the fork in 2016, when was the beginning of active cooperation with commercial bloccano Mijin. Now NEM itself is working to open the other advantages of blockchain technology — for example, through a system of grants.

The head of the NEM Foundation in Australia and New Zealand, Gian Chan (Chan Jian) said that the launch of blockchain-NEM hub in Melbourne is a sign of the company’s commitment to the policy of innovation support in Australia and around the world. According to Chan, the project currently operates in more than 40 countries, and the first operation in Australia was made at the festival FinTech Australia Intersekt last year. It should be noted, rapid growth in the NEM may be associated with the creation of similar hubs in other countries.

Representatives of the program of support of startups LaunchVic running in 2016, with the assistance of the government of the Australian state of Victoria, took the news with optimism, emphasizing the variety of opportunities at work with the new hub.

“The blockchain is a rapidly growing and evolving technology, and LaunchVic glad to welcome Foundation Victorian Innovation Hub. This should be multisectoral mechanism of coworking, which celebrates cooperation and innovation for more than 360 top Australian startups, accelerators and incubators,” said CEO LaunchVic Kate Cornick (Kate Cornick).

Also occupying the post of the General Director of the Centre Blockchain, Kornik assessed the prospects of work with the needs that arise within the community, expressing confidence that the work of the hub will contribute to a better understanding of the difference between the different protocols of the blockchain.

As Hub NEM Blockchain and Blockchain Centre will become part of the Stone & Chalk — one of the Australian FINTECH, which expanded last year its borders from Sydney to Melbourne. The head Stone & Chalk Alan Tsen (Alan Tsen) also commented on the news, noting that this level of cooperation will provide “a significant part of diversification” in the industry blockchain out of bitcoin and Ethereum, showing a “another example of cryptocurrency with the presence platform” and showing the differences between cryptocurrencies from each other.

As the representatives of the NEM, they are also working on finding more partners in Australia and were planning a few ICO on the basis of the NEM in the future.