Nuls is a community-based cryptocurrency that is working on a modular based structure. The modular structure allows a simple ‘plug and play’ lego-like for private blockchains to be part of a public blockchain. This makes it very appealing to private companies and businesses that wants to use blockchain technology, but are concerned about the implementation cost (cost of hiring new programmers).

Prior to the formation of Nuls, the same team were actually working on Inchain. Because of the name, many were confused about Inchain as there were two Inchain projects of which one is unrelated at all.

The Inchain project which was working on insurance ( Nothing to do with the Nuls) The Inchain project which was working on counterfeiting ( This is the Chinese team that is currently working on Nuls)

As of now, the Inchain company has a working product and has great working relationship in the industry due to its partnership with Elephant Alliance (大象联盟). As silly as it sounds, Elephant Alliance is a huge trading firm that is backed by the Chinese Government and has partnership deals with both public and private sectors, both locally and international. Inchain is primed to be a counterfeiting solution for the Chinese Industry due to its strong ties with a trading firm that engages in both local and international markets.

When Nuls goes live on the main-net, Inchain will be the first company to use the customisable blockchain. This is a smart approach because instead of finding and getting some companies to use its blockchain, it would already show a working product, waiting for mass adoption. Once everything goes well, it wouldn’t be a surprise for Inchain to flex its working relationships in the industry to entice others to engage Nuls as a blockchain provider.

Nuls Foundation is registered in Singapore with the Accounting and Corporate Regulatory Authority, a statutory board under the purview of Singapore’s Ministry of Finance. This will put those who are concerned about the position of the Chinese Government on cryptocurrencies, at ease.

Recently, the Nuls and Inchain team had received awards (2 for Inchain and 1 for Nuls) from the China High-Tech Industrialisation Association, led by the Chinese State Council. This highlights the the integrity of the team and legitimises the promising work that Nuls and Inchain are working on. Being recognised by the Chinese government would pave more ways for new partnerships and even enhance existing ones.

Nuls currently sits at less than a USD $100m market capitalisation . Whereas, similar Chinese platform-based cryptocurrency like Neo and Qtum are sitting on a USD $3.8b market capitalisation.

Information obtained on the Accounting and Corporate Regulatory Authority’s webpage