NEM partners with Blockchain Slovakia and is diving into the strong Slovakian IT-ecosystem. Blockchain Slovakia brings together researchers, developers, entrepreneurs, regulators, investors and the public to support blockchain technology in Slovakia. NEM will, in particular, cooperate on Blockchain education, real-world projects, events, workshops and more.

The first success story was the participation in the conference, Blockwalks, in Bratislava, which brought together top-level government officials and advanced technology speakers from around the world.

Nem Europe’s Head of Business Development Paul Rieger presenting at Blockwalks Bratislava

Paul Rieger presented a social benefit dilemma, and how Blockchain can solve it. On one side, cash payments have high acceptance, but it enables non-transparent spending which allows people to use the money in ways which are unintended, or perhaps even harmful. On the other side, vouchers have a low acceptance, but spending is transparent and the intended use can be secured. Using a mobile application that utilizes Blockchain can enable transparent spending that is highly accepted.