NEM (New Economy Movement) - a cryptocurrency and platform in one person, which are aimed at reducing the cost of business and banking system. Development on the creation of this platform began in 2013, and the alpha version was launched in June 2014.Unlike most cryptocurrencies that use the PoW algorithm, this platform uses a different algorithm — proof of importance (PoI). In this case, for the mine of coins, the use powerful computing equipment is no necessary, because the “strength” is determined by the number of coins on the wallets and the number of transactions from this wallet. On the NEM platform, you can send open and encrypted messages without sending coins to the recipient, but you will have to pay a commission.One of the main developments on this platform is the software update Catapult, which increases throughput, scalability and improves network optimization. The project is formed by a non-profit organization - NEM foundation, which is registered in Singapore.