Lance Cheang, NEM SEA Project Director (Centre in white) together with the Chief Minister of Penang, Chow Kon Yeow (Centre in blue) and the rest of the Malaysia Internet Alliance delegation members

NEM recently conducted a trade mission to Penang alongside the Malaysian Internet Alliance to experience the growth of Penang over the last 10 years. Led by NEM Southeast Asia (SEA) Project Director, Lance Cheang, NEM visited a handful of companies based in Penang to understand these initiatives band how they have benefited companies based in the states.

Companies that NEM had the chance to visit in Penang included; Intel, Zebra Technologies, Exabytes, EasyParcel, AyuhBina (ACAD), Penang Tech Dome, Penang Science Cluster, QDOS and even the Penang State Government. Many of these companies and have already expressed their interest in Blockchain and are keen on exploring it further.

NEM and the Malaysian Internet Alliance at Zebra Technologies in Penang

In the course of the visit, NEM also managed to meet and engage with the Chief Minister of Penang, Chow Kon Yeow, together with one of his Deputies, Ramasamy Palanisamy. During the meet, the NEM delegation managed to give an explanation on the NEM blockchain, the available funds as well as the NEM charter.

“We see great potential in Penang, particularly in the supply chain use case, and we’re looking forward to partner up with the state government to have a NEM blockchain hub in the northern region,” according to NEM Southeast Asia Project Director, Lance Cheang.

Visiting the Penang Science Cluster

As part of the next steps to be taken to further boost the adoption of Blockchain in Penang, there will be more NEM101 talks arranged in the future. Further NEM education opportunities in Penang will be provided to interested parties whenever requested.