NEM Malaysia is making headway in the state of Penang by recently establishing a NEM Blockchain Hub at aCAT (also known as @CAT) in the latest Memorandum of Understanding (MoU) signed between NEM Malaysia and the administrators of ACAT, Ayuh Bina Sdn. Bhd.

The MoU was signed between Lance Cheang, NEM Southeast Asia’s Project Director and Howie Chang, Ayuh Bina Sdn. Bhd.’s Managing Director and will see aCAT provide a space for NEM Malaysia in its centre for the NEM Blockchain Hub and NEM Malaysia providing blockchain knowledge and support to the co-working tenants in aCAT and its affiliates.

From right: Howie Chang, Ayuh Bina Sdn. Bhd Managing Director and Lance Cheang, NEM Southeast Asia Project Director after the signing of the MoU

aCAT is a community of startup entrepreneurs, creatives and techies in Penang that also has a collaborative co-working space and offers mentorship, incubation, workshops, events, networking and corporate innovation labs.

“The possibilities of the blockchain are enormous and industries can and will be disrupted by it. aCAT Penang is excited to be partnering with NEM as we learn and drive forward innovation through this technology.” Howie Chang, Ayuh Bina Sdn Bhd Managing Director

Aside from NEM Malaysia providing blockchain knowledge and support to co-working tenants in aCAT and its affiliates, there is more to the MoU between NEM Malaysia and aCAT. These includes:

NEM Malaysia jointly organising hackathons with Ayuh Bina for the Penang technology community. NEM Malaysia assisting and facilitating the Ayuh Bina Blockchain Business Study Group with application knowledge and expertise. NEM Malaysia facilitating any Mainnet and Testnet infrastructure or environment for aCAT if needed. ACAT and NEM Blockchain Centre co-workers are allowed access to each other’s facilities.

With the establishment of the NEM Blockchain Hub in Penang, NEM has now established a foothold in the northern states of Malaysia. With this, there is hope that it will be able to spur the growth of blockchain startups in the region.