nChain opens new business center in the heart of Manila
ZUG, Switzerland and Manila, Philippines, 21 November 2022 /PRNewswire/ — nChain, a global leader in blockchain research and development and delivery of world-class enterprise and government blockchain solutions, including central bank digital currencies (CBDC) and micropayments, today announces the opening of a new office in the Metro Central Business District Manila, Philippines and recruitment of Nicholas King as nChain’s country director for the Philippines.
With offices now in London (Great Britain), Zug (Switzerland), Ljubljana (Slovenia), the latest addition to the new office in Manila (The Philippines) demonstrates nChain’s continued growth and ongoing commitment to the adoption of the BSV Blockchain by users on a global scale.
BSV Blockchain was created by nChain’s Chief Scientist, Dr Craig Wright, which develops and operates the company’s extensive Intellectual Property (IP) portfolio. nChain currently has nearly 2,800 registered patent applications, of which approximately 500 have been granted, ensuring that they are perfectly positioned to provide the full range of IP solutions that public and enterprise customers demand.
BSV Blockchain, powered by nChain, allows users to transact and immutably store data at a fraction of the price of any competitor, with average transaction costs around 1/50th of a US dollar cent. Furthermore, BSV Blockchain has an almost unlimited opportunity to scale up and already allows approx. 100,000 transactions per second.
Nicholas King was a former CEO of an international SAP banking consultancy and a renowned investor with extensive experience in the blockchain industry. His first focus will be to promote awareness and use of the BSV blockchain platform among local authorities, commercial enterprises and other users in The Philippines.
nChain’s CEO Håkan Yuksel commented: “We have identified The Philippines as a strategic market and I am very pleased that Nicholas has agreed to join us to lead our new business hub in Manila. With Nicholas joining us, the implementation of our solutions will be faster The Philippines and wider market.”
Nicholas King commented: “We are extremely excited to demonstrate the power of scalable blockchain technology to digitize processes and create far-reaching efficiencies. As adoption builds in Philippine society, so will our headcount, and we expect to become a significant employer in the region.”
About nChain
Founded in 2015, nChain advances the potential of blockchain technology through ongoing research and development of inventions, including maintaining a robust patent portfolio, and by offering commercial solutions such as Kensei, a developer-friendly set of APIs built on the BSV blockchain. nChain also offers solutions in the digital payment space, along with professional services that help businesses of all types take advantage of blockchain technology.
SOURCE nChain
