Blockchain Platform, NEM announces the strategic partnership with GUBI which is one of the largest artwork trading platform and artwork database in China.

According to its declaration on Medium post, GUBI’s expert database and a user credit system, the identification and evaluation link and online reviews will currently be created on the NEM blockchain innovation.

In participation with NEM, GUBI plans to make a more credible database and artwork market. The association likewise expects to advance the improvement and promotion of Blockchain Innovation in the craftsmanship sector and fabricate a progressively secure ecosystem for the Blockchain adoption.

GUBI is China’s one of the largest artwork trading platform and artwork database which aims to bridge the gap between buyers and sellers. Along with this, it aims to reduce the lack of trust between both parties which occurs during the online transaction process.

GUBI’s Gusou Encyclopedia is situated as a professional search engine in China’s artwork industry which uses the technology of Reverse Image Search. Using this search engine, users can easily find the relevant data related to the image which he/she searched.

NEM is a peer-to-peer Cryptocurrency and Blockchain platform that has long been focused on the advancement of blockchain innovation in different ventures.

Apart from GUBI, NEM has partnered with Taiwanese cryptocurrency platform BitoEX’s crypto exchange BitoPro. Through this collaboration, NEM’s own cryptocurrency, XEM listed on BitoPro that allows Taiwanese users to buy XEM directly using the New Taiwanese Dollar.

According to NEM’s blog post,

“NEM will continue to form partnerships with major companies across various fields to accelerate industrial modernization and system optimization through Blockchain.”

CEO of BitoEX, Titan Cheng said that NEM is an essential benchmark for the blockchain business. He trusts that the association among NEM and BitoPro will be solid and it will give more secure and faster administrations to clients. Additionally, it will make the whole blockchain ecosystem more complete.

Blockmanity’s Take

It seems like NEM is not in the mood to stop here. It is looking for more collaborations and spread the ultimate use cases of the Blockchain Technology in every sector.

Image Source: Unsplash

Disclaimer: Blockmanity is a news portal and does not provide any financial advice. Blockmanity's role is to inform the cryptocurrency and blockchain community about what's going on in this space. Please do your own due diligence before making any investment. Blockmanity won't be responsible for any loss of funds.

Get the latest news on Blockchain only on Blockmanity.com. Subscribe to us on Google news and do follow us on Twitter @Blockmanity

Did you like the news you just read? Please leave a feedback to help us serve you better