Coinjournal.net ?? ....... https://bitcointalk.org/index.php?action=profile;u=343130

this one is peg to a dollar ... the spike is artificial . Dont let be fool you.

On other hand , NEM is a  long term asset steady increasing . Especially if banks adapt its technology,. Imagine how may transactions would generate .

Bookmarked for later 

http://www.prnewswire.com/news-releases/376079371.html

Dragonfly Fintech (DF) has entered into partnership with Infoteria. Partnering with Infoteria, NEM/Mijin technology will be made available through a more user friendly abstraction of DF's Transaction Ecosystem Platform Solution (TEPS). Currently Infoteria's clientele consists of over 5,300 companies, including Sony, Toyota and Lion.

So I think I get the Mijin-NEM link.

NEM is like bitcoin to Mijin, Mijin is like an alt-coin that depends on the NEM blockchain, correct??

Mijin is a private fork of NEM, kind of the way a lot of altcoins are to bitcoin, but unlike many scam coins, it has a real purpose in the business world as it has been optimized to run on private networks.  A Mijin chain and the NEM main chain don't interact in the same way Litecoin and Bitcoin don't interact.  

But unlike Litecoin and Bitcoin, both NEM and Mijin share the same awesome set of APIs.  So DF running a Mijin chain is now introducing NEM technology to a software platform that services over 5,000 companies, some of them are Sony, Panasonic, and Mitsubishi among others.  

Does this mean that Sony will be making transactions on NEM?  Not at all.  Does it mean that they will even use Mijin as a part of their software suite?  No, they might not even chose to turn that part of their software on.  There are 0 promises here.  

But, what it does mean is that it is possible they might someday use Mijin as in theory that service can very well be offered to them in the future as a blockchain service built into their software.  And once they are doing that and they have started using the Mijin APIs for some private services on Mijin, they are a very small step away from pointing those same APIs at the NEM main chain for different services.  That choice will be completely up to them though and if they do, it won't be happening this spring or summer I guess.

This is possible down the road, but initially financial transactions would likely be between Mijin users (i.e. transactions across companies, or within companies [between departments etc -- finance stuff]), but the potential far exceeds financial transfers. Blockchains are public ledgers, so can be leveraged for all kinds of things.. Imagine IT wants to keep track of where all of it's computers are located (building floor cubicle); a blockchain could be used to track these assets and their movement, with the benefit of a rock solid audit trail. Just a tiny example of a non-finance use, there are heaps more.

A few cool things about Mijin mirroring Nem:
1. Mijin's success lends a LOT of credibility to NEM
2. It's very unlikely that business would readily adopt a public blockchain like Bitcoin - they're more likely to create their own alt and run it privately. This approach makes it much easier and more agreeable for businesses to adopt blockchain.
3. As mentioned above - Mijin and NEM use the same APIs -- so an open source blockchain explorer or mobile app madefor NEM could be used by businesses on Mijin and vice-versa.. This could be really cool if it picks up -- I can imagine a number of gits popping up as businesses and outside developers explore what they can do with the blockchain, which could be built upon by both Mijin or Nem community members. A mutually beneficial development framework.


From a business point of view, for private companies wouldn't this mean reduced overhead? Now they wouldn't have to pay payment processors such as visa a fee for their services, instead they use their own private chain at a reduced price. I'm not sure if I'm assuming correctly.
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There is also a NEM exhibit in Netherlands today.

https://forum.nem.io/t/blockchain-vlaanderen/1986

Nem - private money, I correctly understand? or is it something will be bound to create private bacchanal Mijin and other bodies and will be a new condition, or part, of the world economy? or Nem, and Next , will do its own work and stay in the web 1.0 as some kind of pyramid Ponzi and so on in the same vein?