482.solutions and NEM Ukraine developed NEM WhitePaper in Russian!

Today, Ukraine is in a period where digitalization has just begun to shift from words to the point: citizens are gradually given access to various digital services, and e-government is already at the development stage within the framework of the global “State in Smartphone” project.

Thanks to this, we have unique solutions for the creation of digital public management using XXI century technologies, thus making a breakthrough from the conditional version of eGov-2.0 to eGov-4.0, which can become a key competitive advantage of Ukraine on the geopolitical map of the world and a reference example for other countries.

The 482.solutions team, together with the Blockchain Association of Ukraine, presented solutions within the framework of the “State and Blockchain” concept, which you can find in White Paper “Blockchain Technology in the eGov Sector”.

What is NEM?

NEM is a blockchain platform and peer-to-peer cryptocurrency. It was launched on March 31, 2015. NEM has introduced a new facility to blockchain technology. Some of these is proof-of-importance (POI) algorithm, multisignature accounts, encrypted messaging and an Eigentrust++ reputation system. All transactions in NEM have transaction fee associated with them and denomination used to pay for transactions is mosaic named XEM.
WhitePaper is an important part of any technological project. Now our Russian blockchain community can read it in their native language! 482.solutions was proud to work on this project. We thank NEM Ukraine for inviting us. 

This was made possible with:

Roman Kravchenko— CEO 482.solutions

Alexander Ivanov— Chief R&D Officer 482.solutions

Sergey Nekrasov— Business Analyst 482.solutions

Pavel Karpus`— Software Engineer 482.solutions

White Paper Express-review

White paper consists of 11 points:

  • Preface
  • Introduction — In this section, you will be given brief information about the work of the company, technologies and future perspectives
  • Accounts and Addresses — Here is data about account state and NEM addresses. You will be informed how public key converted into an address and about intentional address collision.
  • Cryptography — You can find information about NEM private and public key in this part. If you want to know about signing and verification of a signature, read this point.
  • Transactions — All types of NEM transactions are represented here: transfer transactions, importance transfer transactions, multisig related transaction types, and unconfirmed transactions.
  • Blocks and the blockchain — After reading this point, you will know about block difficulty, block score, block creation and blockchain synchronization.
  • A reputation system for nodes — NEM has a reputation system of a nodes. We’ ll prove to you, why this system is so important for blockchain platform.
  • Proof-of-Importance — one of the most important points of white paper. You must read that if you want to know more about technical features of NEM. Here you find all about eligibility for Entering the Importance Calculation, the outlink matrix, NCDawareRank, Resistance to manipulation, etc.
  • Time synchronization — Any blockchain platform must have these functions. This point will reveal you how NEM solve this problem.
  • Network — Here you can read about node protocol, node startup, node discovery and node selection.
  • Documentation

We have strong confidence you’ ll find any answers about technical side of NEM Blockchain in WhitePaper. Ukrainian version will be available very soon. All the best. Follow our next announces.