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NEM (New Economy Movement) is a peer-to-peer cryptocurrency that was launched on March 31, 2015. It is a blockchain-based platform designed to provide businesses and individuals with a secure, fast and efficient way to transact. The NEM blockchain is unique in that it uses a Proof-of-Importance (PoI) consensus algorithm, which takes into account a user's overall importance to the network when determining who can validate transactions.

NEM's main applications include:

1. Secure and fast transactions: NEM offers users a secure and fast way to send and receive funds. Transactions on the NEM blockchain are processed in just seconds, making it one of the fastest cryptocurrencies.

2. Smart assets: NEM allows users to create "smart assets" which can represent anything of value, including stocks, property, and intellectual property. These smart assets have built-in rules and can be programmed to perform certain actions automatically.

3. Decentralized applications: NEM allows developers to build decentralized applications (dapps) on the platform using the NEM API. These dapps can be used for a variety of purposes, including voting systems, crowdfunding, and supply chain management.

4. Secure messaging: NEM offers users a secure messaging system that is fully encrypted and allows for private and secure communication.

5. Asset management: NEM allows users to manage their assets in a secure and decentralized manner, allowing for greater transparency and control over one's assets.

Overall, NEM is a robust and versatile blockchain platform that offers users a variety of applications and features. Its focus on security, speed, and efficiency make it a popular choice for businesses and individuals alike.