NEM Blockchain on International Trade Business

In shipping a cargo there are many people involve to send your shipment from point A to point B. And when I say many, it means a lot. From supplier, common carriers, insurance companies, banks, governments, and do not negate the power of force majeure. 

The more parties getting their hand on your documents, the more it is prone to unforseen mishaps. 

Although World Customs Organization is pushing to be paperless, it is inevitable to use papers. And until now, shipping business is still not fully implementing it. Why? This is to provide authenticity on the original documents. And going digital can’t solve it until now. 

Blockchain technology is one of the answer to this. Actually not only on that tons of authenticity problem but also on payments and automation. 

For me that can’t write a single code, I will imply my idea to NEM Technology. Why NEM? Because it has built-in features in its wallet. Built-in!

Here’s the problem we will be solving. 

1. Authenticity of your Documents 

2. Tracking of your shipment

3. Payments

Steps how to solve that: 

1. Download your NEM Wallet here! And announce on your website that all NEM authenticated documents will only be from that NEM account/address. 

2. Apostille(notarize) documents that you will release for the shipment (Bill of Lading, Commercial Invoices, Packing List, Insurance Certificate, or even Certificate of Origin)

3. Create your own coin to serve as a payment on that transaction. This can replace your Letter of Credit. 

4. Create a multisignature account for every key people involved and every step you want to track. 

-for example: the haulier picked-up the cargo from the supplier’s warehouse. The supplier will sign on the multisignature account and it will signal the movement of the cargo. 

NEM Blockchain on International Trade Business 

NEM Blockchain on International Trade Business
Security of Multisignature

When the last signatory signed on the account and it showed as the job was done, all payments will automatically be released to the different accounts to be paid off. 

If you want to expound more about this, please do message the NEM Foundation at NEM Helpdesk! 

NEM Blockchain is a good technology! Take advantage of it. Be Wise! Use NEM! Buy XEM! 

And Happy 4th Birthday NEM :)

Fees in Using NEM Blockchain

Abbey wired money to US and it cost  SGD54+ and for the bank debiting the amount took almost 5 days. See how painful the process is? 

Everybody is emphasizing about the low transaction fee and low cost of storing data inside their blockchain, but do we know how much it really costs?

Below are the transaction fees inside the NEM blockchain. NEM Foundation wants to solve the sudden jacked-up fees with other competitors and that is the reason why they revised their fees.

Fees under the NEM Blockchain
Nano Wallet to Nano Wallet Transfer Fees

You want to create your own coin? How much will it cost you? Below are the details. You do not need to pay developers to do your own ICO, you can create it in less than 2 minutes (click here). 

Namespace (Namespaces are domain names. Each namespace is unique and authenticates mosaics (assets) issued on it or on its subdomains.) You can put your company name in there :) 

Total Namespace Fee: 100.15 XEM 

Creating your new coin: 10.15 XEM

In totality, you will only spend 110.30 XEM to generate your own coin. Isn't it fantastic? 

Whenever you lost a public document, in Philippines, you spend money in providing document such as Notorized Affidavit of Loss  and waste time queueing on government agencies. It also applies when you need certification from universities. 

If a government agency or a school or a training center or a club/organization will issue a certification you will not be worried if you will lose it. Just save your digital certification and you are good to go. But how much it will cost the certification body?

0.20 XEM in creating a certificate under NEM blockchain

Yes! Only 0.20 XEMs in creating a digital certificate that can be access anytime, anywhere and immutable. 

This are the few cheap transactions you can do with NEM. You do not need to learn any language. What if you want to customise your company or clients' requirement in building inside NEM blockchain? You can learn it for FREE with the use of NEM Library (click here).

Be WISE. Use ONLY NEM!

Love my write-up? Here is my NEM Wallet Address: 

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Integrity in the Midst of Instability

Blockchain/bitcoin was built entirely because of Satoshi Nakamoto's frustration in our banking system and the society that evolves on it. Now that his advocacy is a wild craze, people from all walks of life are jumping in to join the party. Yes all! Even the bad guys!

Last week, Coincheck was compromised and hit the record-high hack for the blockchain industry. Cryptonauts expected that there will be chaos and another massive suicide watch list but Coincheck surprised them all with their decision. Koichiro Wada announced early this week that they will pay off the platform users who were affected by that incident. That is the first time in the entire history of blockchain that someone stood up to return their missing coins. That's integrity! Thanks Coincheck.

Then we go to questioning NEM's decision.

Aren't you tired to obey rules and laws? Tired of banks asking you question why are you withdrawing your chunk of savings or just a mere scenario of teller asking what is your source of income when depositing a huge amount. Well, this is for them to comply in many regulations they need to follow as bank. The banks do not want to be tagged as non-compliant or accepting funds from illicit businesses.

Imagine, a good neighbourhood was attacked by an intruder, forced to take one of your valuables and settled in one of the nearby houses. What are you going to do? Nothing? Really?

No! It is either all the villagers will march to the occupied house and take their valuables again, or just remember that address and intruder's face and never help or do business with him.

NEM NEIGHBORHOOD

I saw that NEM proves that blockchain can build a transparent, safe, secure and a compliant ecosystem. That move from NEM (flagged the address and taint those hacked XEMs) is not only to comply on laws and clamors of its members and stakeholders but it is a moral obligation for its community.

Now, because of tainted XEMs no one wants to get involved with the hacker’s address. Why? It will affect the POI (Proof of Importance) of Nano wallet addresses who will do transactions with it.
Transparency solves the problems in preventing the dirty money (AML/CTF) to get involved in this new technology. Good job NEM! 

Coincheck thanks for the integrity in this business. Thank you both for making this blockchain world a better place

Love my write-up? Here is my NEM Wallet Address: 

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NEM (XEM) Awakening the Giant

Enormous count of people was looking forward for the bursting of the "cryptocurrency bubble". They are comparing it to the dotcom mania that lead many investors into bankruptcy.  So what you should do to avoid this? Look at the intrinsic value of the companies, their projects, and platforms.

I discussed two big coins... Bitcoin and Ether, now let's wake-up the giant, XEM.

The opportunity clock is set-up to ring for NEM this 2018. And before the giant gets off on his bed, Abbey and I is already investing with XEM, greatly (time and money).

So here’s why:
1. As you can see, NEM is consistent in top coin Market Cap.

2. They have this NEM:Helpdesk that you can connect 24/7.

3. They are conditioned in marketing their platform not in marketing their coin. Main reason why XEM was not "hyped". But don't get me wrong that you cannot make money in NEM. If you invested last November, your money gained 4500%+ up to this date.

4. ICOs are now testing NEM's blockchain. Some ICOs built on it this 2017 are LoyalCoin, Bankera, Comsa, Qchain.

5. We all know how Japan is playing a big part in world's future technology and how Korea is doing pumping funds in crypto world. They are the two biggest supporters of NEM. This is a tip. You are welcome.

6. What are the features that some blockchains do not have.
-- Smart Assets. This is like Ethereum's Smart Contract but of course way better. Why? It can be customized. This is to prevent bugs,  hacks or you just want to edit its protocols.

-- Multi-Signature. This is a good service that will benefit the companies or even couples. Imagine, you cannot facilitate any transactions with your spouse keys! Haha!

-- Mijin, a well-known private blockchain in Japan is Nem's sister company. Nem (public) and Mijin (private) can network with no hassles.

-- Do you want to take part in saving the world? Do not mine bitcoin and waste electrical resources. Go on and harvest at NEM blockchain, even your computer is off, your supernodes will do the work for you. Proof of Importance. Means? Well, be a VIP! Instead of buying hardwares to solve puzzles in Bitcoin's blockchain, buy XEM and prove your importance in the community. How important are you? It depends on how many Xem you have, how long you have those, and the number of transactions you have to sustain healthy economy within NEM community.

-- Catapult is already running in Mijin blockchain and do you know catapult can process more than 3,000 transaction per second... it is faster than Visa! :)

-- Do you remember the time when all listed companies can just print and print stocks certificates? It is a free money for companies. Right? Now, it is illegal. Well, don't expect it with NEM. XEMs are all out! So no giving birth of new coin under this blockchain. Expect that your coin is a complete representation of your share with NEM.

-- Their wallet can run voting system. NEM community enjoys this poll. It just like voting in a board meeting. Oh! We as NEMbers really can feel our participation and voice bring heard by NEM frontliners.

Many more projects were lined up to take effect this 2018! That is why all XEM holders are so excited for next year!

Yes! In 2018, the opportunity clock of NEM the Giant is set to alarm and it will be awakened!

Why will I buy and run after bitcoin or ether's expensive coin... I will buy and HODL more xem. :)

You can get XEM here: 

Note: Virtual currencies are very volatile. Study before invest. Invest at your own risk. 

Love my write-up? Here is my NEM Wallet Address: 

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