Gifto explores NEM technology to improve scalability and decrease costs

HONG KONG — September 26, 2018 — Gifto, the world’s largest blockchain-based decentralized application (dApp) ecosystem, today announced a partnership with NEM, a leading blockchain application platform. Through this partnership, Gifto will over the next several months test the NEM blockchain for improved scalability for some of its blockchain-based services, compared to its current Ethereum architecture.

“Gifto is one of the few projects in the blockchain space demonstrating user growth and real utility. In order to maintain a great user experience on our platform, we are constantly evaluating new blockchain technology beyond Ethereum, and NEM has promising solutions to some of Gifto’s needs,” said Andy Tian, CEO, and Founder of Gifto and Asia Innovations Group.

“We built the NEM blockchain platform from the ground up to outperform competing services in all facets,” said Steve Li, NEM China Regional Head. “Our partnership with Gifto helps NEM reach a new user base, and we look forward to collaborating with their team.”

NEM’s blockchain platform was designed and coded from the ground up for scale and speed. Its permissioned, private blockchain delivers industry-leading transaction rates for international ledgers. Additionally, its revolutionary consensus mechanism ensures NEM’s open, public blockchain can grow without compromising throughput or stability.