On Monday morning, the NEM token (XEM) surged 10 percent making investors happy. Currently, the coin is trading at $0,098620.
Last week, the NEM (New Economy Movement) Foundation signed a memo of understanding (MoU) with the Ministry of Community Development (MOCD) of the UAE. Under the terms of the document, NEM will provide advice to MOCD, helping them to shape their future DLT projects. The Foundation will be sharing valuable data on their Blockchain which will be embedded into UAE’s IT systems.
The UAE government intends to finish the implementation of Blockchain systems by 2019.