NEM Malaysia this week launched the largest blockchain centre in Asia, which will serve as a learning centre, incubator, co-working space, and accelerator for organisations that are interested in adopting the technology, according to The Malaysian Reserve.

In an interview last year, advisor to the NEM Foundation and former VP Jeff McDonald told EconoTimes about the planned blockchain center in Malaysia. In September 2017, NEM Foundation partnered with the Malaysia Digital Economy Corporation (MDEC) to work towards the launch of the blockchain center in Kuala Lumpur.

NEM Foundation’s Malaysia lead Stephen Chia told The Malaysian Reserve that the Foundation has invested over RM2 million into the new blockchain centre. He said that the key objective is to position the country as an outreach centre for the region and a support centre for NEM.

“We have 12 incubator offices right now and almost all of them are already filled. We have seen good progress with the sessions and training as well,” he said.

The newly launched center would conduct training sessions for companies or individuals keen on learning about the technology. Chia said that the Foundation has allocated RM500,000 (approximately $120,000) for “for the continuous education for university students,” and has “plans to conduct an entrepreneurial incubation programme for companies that are interested in using blockchain on their platforms.”

NEM will be the main sponsor for Kuala Lumpur Blockchain Week to be held in September 2018.