Ultiledger reached friendly cooperation with NEM Chinese community, the world’s 16th largest digital currency by market capitalization
Ultilegder, the Next Generation Global Self-financing Blockchain Protocol, an open source protocol initiated by a number of IT technology geeks, gets a high-level consensus and co-governance from the communities. Ultiledger aims to build an economic and financial ecosystem based on token ULT to help any organization (contains government, business, industry clusters or individuals and communities) that needs to build trust at a low cost and rapid construction of a distributed financial book and account system of bank-grade security; zero-cost transaction settlement within the ecosystem; improved security, privacy, efficiency and capital availability of the system through the combination of the main chain and sub-chains.
In the Ultiledger ecosystem, any tangible assets, data or intangible rights can be written on blockchain to become a string of code to achieve assets and data tokenization, and to use smart contracts and distributed storage for completing functions such as confirmation, notarization, trading, circulation, etc., and finally achieving “credit circulation, asset circulation, value circulation” in the algorithm world.
NEM (New Economy Model, new economic movement organization) is a peer-to-peer security system encryption information platform that can provide financial services such as payment, information interaction, asset management, etc. It is also a model of economic ecosystem. Therefore, it is a more reliable and complete solution platform for building real-life application scenarios.
Recently, Ultiledger COO Tommy Xu and NEM China CEO Steve Li and the head of NEM China Taiwan Flora Fang reached a friendly cooperation to jointly develop blockchain technology and its application in practical scenarios.