AENCO, a Global HealthTech & Financial Solutions Platform, Enters Into Collaboration with NEM Technology
Aenco Blockchain, building upon NEM’s Catapult technology, continues to focus on real life, customizable business applications for its communities, and in particular looks to revolutionize emerging markets such as the digital financing and healthcare-technology sectors. Aenco Blockchain will also support a number of planned DAPPs including the Aenco Financial Solutions Platform and will be opened to wide variety of businesses, including but not limited to financial and health-tech projects, to develop multi-dimensional mining and leasing models, API gateways for financial and health-tech businesses to ease execution and development as well as robust transaction speed and novel algorithms.
According to Mr. Darren Lui, Co-founder of Aenco:
We are excited to enter into such MOU with NEM technology. Aenco’s core objectives are to deliver impactful blockchain based applications for, in particular, the financial and health-tech sectors. Through the collaboration with NEM, Aenco will be able to accelerate its global positioning of its financial solutions platform, which comprises of the three pillars of technologies Aenco IB, Aenco Prime and Aenco SmartCap Solutions, all delivered through its smart wallet portal the AEN Connect application. Through the collaboration with NEM, we can explore a combined ecosystems and communities, thus allowing Aenco together with NEM to springboard its ambitious objectives of delivering a secured and multi-facet blockchain platform for the healthtech sector, for example some of the planned projects include (but not limited to), construction of robust database application for hospitals and clinics, creating a clear audit trail process and data tracking of end to end clinical drug development process, and supporting cross platform basis for artificial intelligence driven medical imaging diagnostics, etc.
According to the MOU, Aenco & NEM will support each other, exploring and implementing initiatives in areas including, but not limited to, the sharing of technical know-how between NEM and Aenco on its blockchain and application development, undertaking joint community events, marketing, and public relations events in Asia, Europe and other regions.
According to Mr. Geoffrey Tipton, Chief Technology Officer of Aenco:
Working with NEM gives us direct relationship with NEM community developers to explore new generations of blockchain technologies and DAPPs effectively, and as we are deploying a HealthTech & Financial based solutions. The NEM API off chain structure, with further modifications, gives us an unbelievably flexible and secure platform to work on. In return we share tools and developments with NEM so we both evolve and benefit from the relationship.
We use NEM2 Catapult core as the development basis with the view to build a communicative, deployable and secured blockchain and crypto platform that is easy to understand and customise to our use cases and has scalability and performance built in. For example, one of our planned projects involve the development of a hybrid Cloud/Blockchain platform and that the above collaboration will greatly accelerate the real life usage of such.
Ricardo Medrano, NEM Foundation Hong Kong, said
“We are excited to announce this MOU with AENCO to support their development of HealthTech and Financial solutions utilising NEM Blockchain Technology. Both partners share a goal of driving greater adoption and awareness of Blockchain by building and promoting first-class industry solutions that leverage Blockchain technologies such as NEM Catapult.
Through this collaboration, the AENCO team will receive technical guidance from NEM Foundation to help them deliver a robust implementation of NEM Catapult Private Blockchain. The NEM Developer community will in turn have yet another industry-led use case to apply the newly released Private Catapult Blockchain to, ensuring it remains future-proof and fit for purpose. We are confident that learnings from our collaboration with the AENCO Developer team will also be very valuable for the coming Catapult Public Blockchain mainnet release.
ABOUT AENCO SOLUTIONS LIMITED
The Aenco Blockchain is an evolving distributed ledger technology platform and ecosystem that supports customisable business applications, financial transactions, and healthcare technology innovation.
It is a public permission-based blockchain that is fuelling a rapidly growing ecosystem that supports initial use cases in the medical and healthcare industries. Such use cases include applying distributed computing power to fuel drug development processes for treating diseases, as well as applying Aenco’s token economy and data communication technology to stimulate greater multi-disciplinary medical research collaboration.
ABOUT THE NEM BLOCKCHAIN PLATFORM
NEM is an out-of-the-box enterprise-grade blockchain platform launched in March 2015. NEM has industry leading blockchain features that include multisignature account contracts, customizable assets, a naming system, encrypted messaging, and an Eigentrust++ reputation system. Companies with legacy systems can “plug ‘n play” with NEM.
ABOUT THE NEM.IO FOUNDATION LTD
NEM.io Foundation is registered in Singapore and is operating globally. It was launched to promote NEM’s blockchain technology worldwide. It is one of the most well-funded and successful blockchain technology projects in the cryptocurrency industry.