KardiaChain Expands KAI Membership Ecosystem With NEM Partnership

KardiaChain Expands KAI Membership Ecosystem With NEM Partnership

February 5, 2021

KardiaChain, a hybrid blockchain solution for enterprises and government, announced on Twitter that they would be partnering up with NEM – a smart asset management blockchain.

“KardiaChain Forms Partnership with @NEMofficial – a 2015-founded blockchain veteran with many recent collaborations with DeFi projects – to Expand Ecosystem for KAI Membership Dapp including users from the NEM community, and technology exploration. $XEM.”

NEM also tweeted about the partnership, noting that the partnership will accelerate decentralized development.

“KardiaChain’s KAI Membership App is integrating $XEM to support #NEM ecosystem growth. @KardiaChain is an interoperable blockchain platform, built on their Dual Node tech. The partnership accelerates decentralized development, utilizing both sides’ technologies and networks.”

Finer Details Of The Partnership

As per the partnership, Kardiachain will integrate NEM’s XEM token into their KAI Membership dApp to boost technological integration from both projects. As of now, the Member dApp already has north of 100,000 global users. Post-XEM integration, KAI will see an influx of new users ushering in from the NEM community. New and old users will be able to experience many real-world and DeFi applications in the membership dApp. 

Plus, having successfully launched its mainnet in December 2020, KardiaChain also combined it with the Dual Node technology. This will allow KardiaChain to accelerate further the development and integration of DeFi use cases and enterprise solutions from both KardiaChain and NEM teams.

What Is KardiaChain?

KardiaChain is a public blockchain network that’s focused on interoperability and providing hybrid blockchain solutions for enterprises and governments in Vietnam and other parts of South & East Asia.

What is NEM?

The NEM Group is responsible for developing NEM NIS1 and Symbol from NEM. NEM NIS 1 (XEM) is NEM’s original blockchain and launched in 2015. Symbol is their next-gen enterprise blockchain solution that launched in 2020. The NEM Group is made of three separate entities – NEM Software, NEM Trading, and NEM Ventures. It’s headquartered in Gibraltar and led by CEO David Shaw.

Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

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