Buy Symbol Token (XYM)

NEM Group has launched Symbol, its new proof-of-stake blockchain, which is reportedly aimed at a business audience. Symbol aims to be a decentralized, open-source blockchain. It aims to attract traditional companies to use its technology, and it is a hybrid blockchain because it allows the implementation of public and private networks. It gives developers a lot of flexibility.

Symbol will support data management, logistics, notarization, construction, finance and asset management. What NEM aims to do is reduce operational costs while providing new ways to create value. The goal is for companies to be able to develop blockchains, private, open or hybrid, with different levels of interaction, customizing the asset tokenization system.