NEM or (XEM) is a second-generation smart contract blockchain platform. With its unique proposition being the novel PoI consensus mechanism (which prefers vested interests, where history is preferred to stake or mining machinery). Smart contract capabilities allow this platform to handle the same abstract demands for digital assets and financial solutions as other world-leading platforms.

     The Proof-of-Importance mechanism works with a hierarchy of regular nodes, harvester nodes, and supernodes.

     Watched over by the NEM foundation, the project is fully open-source and community-driven.