Evan Freeman highlights BSV’s role in ensuring the success of the Philippines’ blockchain adoption

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The biggest obstacle to mass adoption of blockchain is not the ability of nations to embrace the nascent technology, but the speculation surrounding it.

Over the years, tech industry experts have reiterated how blockchain could be a game changer in the global industry, along with evidence to cement this. But Bitcoin, the digital currency built using the technology, has been destroyed by individuals acting on their own initiative, resulting in skepticism among potential users.

And although the original protocol was saved, thanks to the efforts of individuals who championed Satoshi Nakamoto’s vision, speculation remains in the industry.

Director of Education for the BSV Blockchain Association, Evan Freeman, told CoinGeek Backstage that now is the time to move away from speculation and focus on building applications that will solve real problems in society.

“I think it’s time for it now, more than just, you know, speculative gambling stage,” Freeman said on the sidelines of the Philippine Blockchain Week.

While blockchain has been around for over a decade now, it was only recently that the Philippines made strides to explore and promote this technology. But since everything is quite new to the country, Freeman said the BSV Blockchain Association had drawn up a plan to help Filipinos know more about blockchain and Bitcoin and their use cases under the BSV Academy innovation program, which operates in partnership with companies from the BSV community.

The association wishes to discuss this arrangement with the Philippine government, academia and relevant industries in hopes of promoting blockchain and Bitcoin education to a wider market, and supporting the nation’s plan to become a blockchain hub.

“I truly believe that the Philippines has the potential to become a blockchain mecca for the world, especially when it comes to Bitcoin SV that enables micropayments, transactions with very low fees – all necessary for a population that has the human potential to truly build and achieve great things but remain somewhat poor,” Freeman noted.

“So, I think, in many ways, BSV will be an enabler for a future of blockchain in the Philippines,” he added.

Want to learn more about the basics of blockchain technology? check out BSV Blockchain Resources Page where you can download useful e-books – from unleash the value of data at extreme scale to understand the potential of the Metaverseamong the many topics – free of charge.

See: Using blockchain technology for data integrity

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New to Bitcoin? Check out CoinGeeks Bitcoin for beginners section, the ultimate resource guide for learning more about Bitcoin – originally envisioned by Satoshi Nakamoto – and blockchain.