Breaking News: NEM will be used by Japanese Banks!

[bitsalame]

Project NEM (currency XEM) seems to be doing great!

Today, I have some MAJOR announcements concerning Makoto’s work. I have constantly said that he was in “meetings” and today I would like to give some information about some of those meetings.

You may have recently noticed that there was a press release stating Infoteria is working in partnership with Tech Bureau, an agency that Makoto is teamed with and uses NEM technology. Since their press release, they have had their stock increase $70,000,000. Infoteria connects over 5,000 Japanese businesses providing tech solutions for them.
http://www.prweb.com/releases/2015/12/prweb13122409.htm3
http://www.coindesk.com/press-releases/infoteria-private-blockchain-startu/4

And just today, a major bank in Japan has announced it too will be partnering to build on NEM and Mijin. For those of you who don’t know, Mijin is a private ledger version of NEM that has long been testing behind the scenes, and that uses the same APIs as NEM, so that companies using Mijin will also have easy access to the NEM main chain. The last announcement about Mijin over a month ago from the devs stated that it is running on 15 second blocks, with 100 tx/s very smoothly. It of course is also equipped with namespaces, mosaics, and messaging as well as NEM’s advanced security features and multisig 2.0.
Japanese: http://www.atmarkit.co.jp/ait/articles/1512/16/news121.html
English: http://www.reuters.com/article/dragonfly-fintech-idUSnPn1Ptv6F+91+PRN201512163
German: http://www.wallstreet-online.de/nachricht/8207730-startup-dragonfly-fintech-revolutioniert-traditionelle-banking-loesungen1

SBI is the largest online bank in Japan founded in 2007 (by much older companies) with over 2,000,000 customers, access at every convenience store in Japan, and 3.4 trillion yen (27 billion USD) in holdings. They are looking to use NEM’s blockchain technology and services built on top of it to expand their reach as a digital bank. https://www.sbigroup.co.jp/english/company/group/netbank.html3

Additionally, Tech Bureau and Sakura Internet have announced a partnership. Sakura Internet is a major provider of cloud service providers (think AWS but for Japan). Sakura is offering free 6 month service of Cloudchain’s from the Mijin system starting today for developers and businesses to test with additional special services being provided for financial services testing Mijin. http://bitcoinist.net/mijin-offering-blockchains-world-free/5

Since announcing this press release in 1.5 hours there stock trading was stopped as it reached its daily limit for increase.

I honestly never thought they had the clout to reach out and make deals with institutions.
From being a mere altcoin curiosity in the playground, it seems that they jumped to become one of the major players.
Congrats to Makoto and the team!

[TPTB_need_war]

How do I install Java?
Check your java version HERE. If you are using Java Version 8, update 25 or above, you are ready to install the NEM client.

How do I open Port 7890?

 

fuhgeddaboudit.

[kelsey]

Sorry where in any of this is there anything about "NEM will be used by Japanese Banks!" as suggested in your subject title?

Sounds like a bullshit pump attempted 

Project NEM (currency XEM) seems to be doing great!

Today, I have some MAJOR announcements concerning Makoto’s work. I have constantly said that he was in “meetings” and today I would like to give some information about some of those meetings.

You may have recently noticed that there was a press release stating Infoteria is working in partnership with Tech Bureau, an agency that Makoto is teamed with and uses NEM technology. Since their press release, they have had their stock increase $70,000,000. Infoteria connects over 5,000 Japanese businesses providing tech solutions for them.
http://www.prweb.com/releases/2015/12/prweb13122409.htm3
http://www.coindesk.com/press-releases/infoteria-private-blockchain-startu/4

And just today, a major bank in Japan has announced it too will be partnering to build on NEM and Mijin. For those of you who don’t know, Mijin is a private ledger version of NEM that has long been testing behind the scenes, and that uses the same APIs as NEM, so that companies using Mijin will also have easy access to the NEM main chain. The last announcement about Mijin over a month ago from the devs stated that it is running on 15 second blocks, with 100 tx/s very smoothly. It of course is also equipped with namespaces, mosaics, and messaging as well as NEM’s advanced security features and multisig 2.0.
Japanese: http://www.atmarkit.co.jp/ait/articles/1512/16/news121.html
English: http://www.reuters.com/article/dragonfly-fintech-idUSnPn1Ptv6F+91+PRN201512163
German: http://www.wallstreet-online.de/nachricht/8207730-startup-dragonfly-fintech-revolutioniert-traditionelle-banking-loesungen1

SBI is the largest online bank in Japan founded in 2007 (by much older companies) with over 2,000,000 customers, access at every convenience store in Japan, and 3.4 trillion yen (27 billion USD) in holdings. They are looking to use NEM’s blockchain technology and services built on top of it to expand their reach as a digital bank. https://www.sbigroup.co.jp/english/company/group/netbank.html3

Additionally, Tech Bureau and Sakura Internet have announced a partnership. Sakura Internet is a major provider of cloud service providers (think AWS but for Japan). Sakura is offering free 6 month service of Cloudchain’s from the Mijin system starting today for developers and businesses to test with additional special services being provided for financial services testing Mijin. http://bitcoinist.net/mijin-offering-blockchains-world-free/5

Since announcing this press release in 1.5 hours there stock trading was stopped as it reached its daily limit for increase.

I honestly never thought they had the clout to reach out and make deals with institutions.
From being a mere altcoin curiosity in the playground, it seems that they jumped to become one of the major players.
Congrats to Makoto and the team!

[bitsalame]

Sorry where in any of this is there anything about "NEM will be used by Japanese Banks!" as suggested in your subject title?

Sounds like a bullshit pump attempted 

Project NEM (currency XEM) seems to be doing great!

Today, I have some MAJOR announcements concerning Makoto’s work. I have constantly said that he was in “meetings” and today I would like to give some information about some of those meetings.

You may have recently noticed that there was a press release stating Infoteria is working in partnership with Tech Bureau, an agency that Makoto is teamed with and uses NEM technology. Since their press release, they have had their stock increase $70,000,000. Infoteria connects over 5,000 Japanese businesses providing tech solutions for them.
http://www.prweb.com/releases/2015/12/prweb13122409.htm3
http://www.coindesk.com/press-releases/infoteria-private-blockchain-startu/4

And just today, a major bank in Japan has announced it too will be partnering to build on NEM and Mijin. For those of you who don’t know, Mijin is a private ledger version of NEM that has long been testing behind the scenes, and that uses the same APIs as NEM, so that companies using Mijin will also have easy access to the NEM main chain. The last announcement about Mijin over a month ago from the devs stated that it is running on 15 second blocks, with 100 tx/s very smoothly. It of course is also equipped with namespaces, mosaics, and messaging as well as NEM’s advanced security features and multisig 2.0.
Japanese: http://www.atmarkit.co.jp/ait/articles/1512/16/news121.html
English: http://www.reuters.com/article/dragonfly-fintech-idUSnPn1Ptv6F+91+PRN201512163
German: http://www.wallstreet-online.de/nachricht/8207730-startup-dragonfly-fintech-revolutioniert-traditionelle-banking-loesungen1

SBI is the largest online bank in Japan founded in 2007 (by much older companies) with over 2,000,000 customers, access at every convenience store in Japan, and 3.4 trillion yen (27 billion USD) in holdings. They are looking to use NEM’s blockchain technology and services built on top of it to expand their reach as a digital bank. https://www.sbigroup.co.jp/english/company/group/netbank.html3

Additionally, Tech Bureau and Sakura Internet have announced a partnership. Sakura Internet is a major provider of cloud service providers (think AWS but for Japan). Sakura is offering free 6 month service of Cloudchain’s from the Mijin system starting today for developers and businesses to test with additional special services being provided for financial services testing Mijin. http://bitcoinist.net/mijin-offering-blockchains-world-free/5

Since announcing this press release in 1.5 hours there stock trading was stopped as it reached its daily limit for increase.

I honestly never thought they had the clout to reach out and make deals with institutions.
From being a mere altcoin curiosity in the playground, it seems that they jumped to become one of the major players.
Congrats to Makoto and the team!

Read again the articles, dummy

[kelsey]

Sorry where in any of this is there anything about "NEM will be used by Japanese Banks!" as suggested in your subject title?

Sounds like a bullshit pump attempted  

Project NEM (currency XEM) seems to be doing great!

Today, I have some MAJOR announcements concerning Makoto’s work. I have constantly said that he was in “meetings” and today I would like to give some information about some of those meetings.

You may have recently noticed that there was a press release stating Infoteria is working in partnership with Tech Bureau, an agency that Makoto is teamed with and uses NEM technology. Since their press release, they have had their stock increase $70,000,000. Infoteria connects over 5,000 Japanese businesses providing tech solutions for them.
http://www.prweb.com/releases/2015/12/prweb13122409.htm3
http://www.coindesk.com/press-releases/infoteria-private-blockchain-startu/4

And just today, a major bank in Japan has announced it too will be partnering to build on NEM and Mijin. For those of you who don’t know, Mijin is a private ledger version of NEM that has long been testing behind the scenes, and that uses the same APIs as NEM, so that companies using Mijin will also have easy access to the NEM main chain. The last announcement about Mijin over a month ago from the devs stated that it is running on 15 second blocks, with 100 tx/s very smoothly. It of course is also equipped with namespaces, mosaics, and messaging as well as NEM’s advanced security features and multisig 2.0.
Japanese: http://www.atmarkit.co.jp/ait/articles/1512/16/news121.html
English: http://www.reuters.com/article/dragonfly-fintech-idUSnPn1Ptv6F+91+PRN201512163
German: http://www.wallstreet-online.de/nachricht/8207730-startup-dragonfly-fintech-revolutioniert-traditionelle-banking-loesungen1

SBI is the largest online bank in Japan founded in 2007 (by much older companies) with over 2,000,000 customers, access at every convenience store in Japan, and 3.4 trillion yen (27 billion USD) in holdings. They are looking to use NEM’s blockchain technology and services built on top of it to expand their reach as a digital bank. https://www.sbigroup.co.jp/english/company/group/netbank.html3

Additionally, Tech Bureau and Sakura Internet have announced a partnership. Sakura Internet is a major provider of cloud service providers (think AWS but for Japan). Sakura is offering free 6 month service of Cloudchain’s from the Mijin system starting today for developers and businesses to test with additional special services being provided for financial services testing Mijin. http://bitcoinist.net/mijin-offering-blockchains-world-free/5

Since announcing this press release in 1.5 hours there stock trading was stopped as it reached its daily limit for increase.

I honestly never thought they had the clout to reach out and make deals with institutions.
From being a mere altcoin curiosity in the playground, it seems that they jumped to become one of the major players.
Congrats to Makoto and the team!

Read again the articles, dummy

reframe from the personal insults and quote me a direct link that says something along the lines of  "NEM will be used by Japanese Banks!"

cause its not what i am reading in any of the links.

and btw i am a NEM holder and do know what this is all about, and you're making it out to be something tis not.

(ironically this is all kinda strange for someone "Preaching the gospel of Satoshi"...no?)

[vaporware asset wizard]

reframe from the personal insults and quote me a direct link that says something along the lines of  "NEM will be used by Japanese Banks!"

cause its not what i am reading in any of the links.

and btw i am a NEM holder and do know what this is all about, and you're making it out to be something tis not.

(ironically this is all kinda strange for someone "Preaching the gospel of Satoshi"...no?)

refrane from trolling. you're a known litecoin (& CoffeCoin haha ) flunky, and contribute nothing but your ego to this forum. Mr Day-trader who hates on bankers ... what a joke!! Get a new tagline "what's the point of crypto if it just imitates rich bankers' .. blah fucking blah ... no critical content there, especially from a CoffeeCoin evangelist ... what a dick

read the articles, do a google search ... it's all there!

It's GOOD news

[billotronic]

reframe from the personal insults and quote me a direct link that says something along the lines of  "NEM will be used by Japanese Banks!"

cause its not what i am reading in any of the links.

and btw i am a NEM holder and do know what this is all about, and you're making it out to be something tis not.

(ironically this is all kinda strange for someone "Preaching the gospel of Satoshi"...no?)

refrane from trolling. you're a known litecoin (& CoffeCoin haha ) flunky, and contribute nothing but your ego to this forum. Mr Day-trader who hates on bankers ... what a joke!! Get a new tagline "what's the point of crypto if it just imitates rich bankers' .. blah fucking blah ... no critical content there, especially from a CoffeeCoin evangelist ... what a dick

read the articles, do a google search ... it's all there!

It's GOOD news

wait, are you hating on someone for being bitter about how crypto mimics the fiat world? really? you must have a lot of hate to go around cause most of the shit on this forum is exactly that, shit.

[kelsey]

reframe from the personal insults and quote me a direct link that says something along the lines of  "NEM will be used by Japanese Banks!"

cause its not what i am reading in any of the links.

and btw i am a NEM holder and do know what this is all about, and you're making it out to be something tis not.

(ironically this is all kinda strange for someone "Preaching the gospel of Satoshi"...no?)

refrane from trolling. you're a known litecoin (& CoffeCoin haha ) flunky, and contribute nothing but your ego to this forum. Mr Day-trader who hates on bankers ... what a joke!! Get a new tagline "what's the point of crypto if it just imitates rich bankers' .. blah fucking blah ... no critical content there, especially from a CoffeeCoin evangelist ... what a dick

read the articles, do a google search ... it's all there!

It's GOOD news

yes and attacking someone for simply asking a straight forward ontopic question is such a valuable contribution  

so i am a 'dick' as you put it, for pointing out the sensationalist title of the OP's thread doesn't much the content of the OPs post 

[bitsalame]

reframe from the personal insults and quote me a direct link that says something along the lines of  "NEM will be used by Japanese Banks!"

cause its not what i am reading in any of the links.

and btw i am a NEM holder and do know what this is all about, and you're making it out to be something tis not.

(ironically this is all kinda strange for someone "Preaching the gospel of Satoshi"...no?)

refrane from trolling. you're a known litecoin (& CoffeCoin haha ) flunky, and contribute nothing but your ego to this forum. Mr Day-trader who hates on bankers ... what a joke!! Get a new tagline "what's the point of crypto if it just imitates rich bankers' .. blah fucking blah ... no critical content there, especially from a CoffeeCoin evangelist ... what a dick

read the articles, do a google search ... it's all there!

It's GOOD news

yes and attacking someone for simply asking a straight forward ontopic question is such a valuable contribution  

so i am a 'dick' as you put it, for pointing out the sensationalist title of the OP's thread doesn't much the content of the OPs post  

It is frustrating when people fail at reading comprehension and asks for "proofs" when the source material is literally spelling it out.
Click on the links and read it by yourself, if you still don't get it, well, good luck in your life. I won't be babyfeeding you by summarizing it with quotes and highlights for your lazy ass.

[Xpedite]

Too bad every positive comment on this forum has to be countered with scepticism, trolling and FUD.

Looking at this :http://www.reuters.com/article/dragonfly-fintech-idUSnPn1Ptv6F+91+PRN20151216
And this: http://dragonflyfintech.com/static/DF_Paper.pdf
In the paper; look at page 11. It appears to me that NEM is somehow involved... 

[bitsalame]

Too bad every positive comment on this forum has to be countered with scepticism, trolling and FUD.

Looking at this :http://www.reuters.com/article/dragonfly-fintech-idUSnPn1Ptv6F+91+PRN20151216
And this: http://dragonflyfintech.com/static/DF_Paper.pdf
In the paper; look at page 11. It appears to me that NEM is somehow involved... 

it won't be enough for this guy, he will ask you to post screenshots and a tl;dr version of it.

[Xpedite]

He can ask anything he wants, it's not because of him I'm responding. It's just to counteract his FUD. 

[Xpedite]

edit: wrong thread 

[TPTB_need_war]

Not to be rascist but factual. I think you will soon learn why Japanese are not leaders in software evolution.

An exception might be the Nintendo and Sony Playstation which were the forerunner of the Xbox. That was more an outshoot of Japanese anime (cartoon) culture than software innovation. The programmer Mike Fulton who worked for me back in the 1980s (on WordUp, FONTZ! on the Atari ST) ended up being the head of software development in the USA for the Playstation. Mike was very diligent and a reasonably smart guy, but I could run rings around him mentally (and athletically but I am no where near where I was physically now).

Point of the link above is the Japanese are a corporate culture and do not typically understand hacker culture, concepts which are anti-authoritarian, nor viral growth strategies.

The Playstation largely succeeded due to the work of Mike Fulton on developer relations with USA software developers.

Private block chains are a big yawn, because they break the trustless property of block chains (if you don't understand that, then you shouldn't be investing in anything until you finish a crypto 101 course):

most core crypto concepts are lost on this alt crowd.

gotta love when crypto goes from being an alternative to the greedy bankers of the world, too working for them  

I have no problem if the banks use decentralized block chains, but I do have a very big problem with a world in which instead of one internet, we have many private corporate intranets which can't freely interopt with each other.

The entire reason that corporations must adopt open source and why the world must adopt one internet, is because closed source does not scale. And it causes all sorts of dependencies which muck up degrees-of-freedom and cause Rigor Mortis.

Sorry private block chains are not an evolution. They are devolution. And anyone who doesn't understand that, shouldn't be marketing anything in crypto.

study evolution and learn some history. how do things change? life didn't evolve from amoeba to humans in one go!

having japanese banks assimilate the 'idea' of a shared ledger (even if permissioned) is a stepping stone to decentralised finance. once they start using blockchains they won't go back, and when they fail the 'concept' of blockchains is already established and moving to open shared ledgers is easier.

do you expect banks to accept bitcoin straight off the bat?
do you expect banks to roll-over and die?

bollocks ... they'll evolve

How ever the banks evolve to decentralized block chains, they are extinct. So I don't see the point. NEM is extinct.

[kelsey]

reframe from the personal insults and quote me a direct link that says something along the lines of  "NEM will be used by Japanese Banks!"

cause its not what i am reading in any of the links.

and btw i am a NEM holder and do know what this is all about, and you're making it out to be something tis not.

(ironically this is all kinda strange for someone "Preaching the gospel of Satoshi"...no?)

refrane from trolling. you're a known litecoin (& CoffeCoin haha ) flunky, and contribute nothing but your ego to this forum. Mr Day-trader who hates on bankers ... what a joke!! Get a new tagline "what's the point of crypto if it just imitates rich bankers' .. blah fucking blah ... no critical content there, especially from a CoffeeCoin evangelist ... what a dick

read the articles, do a google search ... it's all there!

It's GOOD news

yes and attacking someone for simply asking a straight forward ontopic question is such a valuable contribution  

so i am a 'dick' as you put it, for pointing out the sensationalist title of the OP's thread doesn't much the content of the OPs post  

It is frustrating when people fail at reading comprehension and asks for "proofs" when the source material is literally spelling it out.
Click on the links and read it by yourself, if you still don't get it, well, good luck in your life. I won't be babyfeeding you by summarizing it with quotes and highlights for your lazy ass.

because the title is sensationalist dribble.

now if it was true the NEM community should be pissed.

you having Makoto taking a open source community project and using to his own corporate ends to package it up for the banks (to make those bankers more profitable).

you do know the whole point of p2p currency is to leave the money changes out of the equation?

[bitsalame]

reframe from the personal insults and quote me a direct link that says something along the lines of  "NEM will be used by Japanese Banks!"

cause its not what i am reading in any of the links.

and btw i am a NEM holder and do know what this is all about, and you're making it out to be something tis not.

(ironically this is all kinda strange for someone "Preaching the gospel of Satoshi"...no?)

refrane from trolling. you're a known litecoin (& CoffeCoin haha ) flunky, and contribute nothing but your ego to this forum. Mr Day-trader who hates on bankers ... what a joke!! Get a new tagline "what's the point of crypto if it just imitates rich bankers' .. blah fucking blah ... no critical content there, especially from a CoffeeCoin evangelist ... what a dick

read the articles, do a google search ... it's all there!

It's GOOD news

yes and attacking someone for simply asking a straight forward ontopic question is such a valuable contribution  

so i am a 'dick' as you put it, for pointing out the sensationalist title of the OP's thread doesn't much the content of the OPs post  

It is frustrating when people fail at reading comprehension and asks for "proofs" when the source material is literally spelling it out.
Click on the links and read it by yourself, if you still don't get it, well, good luck in your life. I won't be babyfeeding you by summarizing it with quotes and highlights for your lazy ass.

because the title is sensationalist dribble.

now if it was true the NEM community should be pissed.

you having Makoto taking a open source community project and using to his own corporate ends to package it up for the banks (to make those bankers more profitable).

you do know the whole point of p2p currency is to leave the money changes out of the equation?

You clearly need some economy 101

[jabo38]

There is some confusion here, so I'll try to clear it up really quickly.  

First, as of right now, it is not officially "banks" but instead "bank" as in one, but it is a well known and major bank (the largest online bank in Japan) that is owned by an even more power group.  

There has also been a deal signed with Infoteria that makes an enterprise software used by over 5,000 medium to large size Japanese companies.  They too are looking to incorporate blockchain technology into their product.  

NEM's main chain is fully decentralized and uses the same APIs as Mijin.  Mijin is a private fork of NEM that has been optimized for speed and security.  It is a way for banks and/or other large businesses to figuratively speaking "dip their toes into water" of blockchains.  They get full control of their chain, get to build assets and trade with partners they trust.  

Later on if they want to start to trade on a public and open chain with anybody and everybody, in just a few minutes they can have their software ready to work on the NEM main chain.  

And of course, we hope to sign more contracts and gain more partners too.  If/when those are signed and press releases are issued, then I will update here about that too.  

[kelsey]

reframe from the personal insults and quote me a direct link that says something along the lines of  "NEM will be used by Japanese Banks!"

cause its not what i am reading in any of the links.

and btw i am a NEM holder and do know what this is all about, and you're making it out to be something tis not.

(ironically this is all kinda strange for someone "Preaching the gospel of Satoshi"...no?)

refrane from trolling. you're a known litecoin (& CoffeCoin haha ) flunky, and contribute nothing but your ego to this forum. Mr Day-trader who hates on bankers ... what a joke!! Get a new tagline "what's the point of crypto if it just imitates rich bankers' .. blah fucking blah ... no critical content there, especially from a CoffeeCoin evangelist ... what a dick

read the articles, do a google search ... it's all there!

It's GOOD news

yes and attacking someone for simply asking a straight forward ontopic question is such a valuable contribution  

so i am a 'dick' as you put it, for pointing out the sensationalist title of the OP's thread doesn't much the content of the OPs post  

It is frustrating when people fail at reading comprehension and asks for "proofs" when the source material is literally spelling it out.
Click on the links and read it by yourself, if you still don't get it, well, good luck in your life. I won't be babyfeeding you by summarizing it with quotes and highlights for your lazy ass.

because the title is sensationalist dribble.

now if it was true the NEM community should be pissed.

you having Makoto taking a open source community project and using to his own corporate ends to package it up for the banks (to make those bankers more profitable).

you do know the whole point of p2p currency is to leave the money changes out of the equation?

You clearly need some economy 101

and you clearly need to learn crypto 101, including the entire reason for their existence, the reason for the existance of this forum and the newsgroups prior to this and bitcoin.

and trust me tis not to serve the banks interest.

[NorthPixel]

Can anybody confirm the coin NEM will be use, not just the NEM blockchain technology. These two are different things.

[kelsey]

Can anybody confirm the coin NEM will be use, not just the NEM blockchain technology. These two are different things.

well XEM is the coin...but yeah you're question is essentially the same as mine and more should be asking this instead of blindly pumping XEM.

NO they are simply investigating blockchain technology (same as all banks on the planet) and looking at NEM technology's private blockchains off shoot Mijin, to save some corporate dollars and pigging back of a opensource communities hard work for corporate ends.