The Philippine government goes digital with BSV
– 9 minutes ago
Stefan Matthews, co-founder and executive chairman of nChain Group, said the BSV blockchain would facilitate the digitization of the Philippine government.
He had an interview with cryptocurrency news CoinGeek and explained his discussions with government officials regarding crypto adoption.
Matthews said he would use the BSV blockchain to store and secure data for a specific region. Also, he discussed blockchain training for Ateneo faculty and students.
How will the Philippine government move forward with digitalization?
Photo credit: coingeek.com
President Ferdinand “Bongbong” Marcos Jr. shared his long-term goal of upgrading the Philippines with digital reforms during his 2022 State of the Nation address.
In response, the province of Bataan hosted its first blockchain conference in October 2022.
Local and international blockchain leaders and government officials from the Department of Information and Communications Technology (DICT) attended the event.
The president tasked this agency with digitizing the country. One of the guests was Stefan Matthews, co-founder of nChain.
It is a global technology company that offers blockchain solutions using Bitcoin SV.
The latter is a bitcoin hard fork that aims to restore the original Bitcoin protocol envisioned by Satoshi Nakamoto, the enigmatic creator of cryptocurrency.
A global technology company providing software, IP licensing and consulting services. Offers blockchain solutions and products. Bitcoin SV.
“During the event and several meetings afterward, I had some pretty deep conversations with Governor Garcia and Congressman Garcia…”
“…and their vision for this technology and its use in government is second to none. I mean, they’re very, very progressive thinkers,” Matthews said.
As a result, the Provincial Government of Bataan (PGB) signed a Memorandum of Understanding with nChain on January 25, 2023.
Soon the region would become the Philippines crypto hub because of its special economic zone or free port status. Stefan Matthews also met with DICT Secretary Jonathan Ivan and his.
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He told CoinGeek that they discussed blockchain and its applications being built for Bataan. They also talked about the sovereignty of government data.
In particular, Matthews and the DICT secretary discussed whether information stored on a blockchain is private or accessible to others.
Overall, the company’s activities in the Philippines would create more opportunities for nChain and the Philippines.
How would nChain help Ateneo De Manila University?
Photo credit: bitpinas.com
The Philippine government and nChain partnered with Ateneo de Manila University to deliver blockchain education to its students.
Stefan Matthews said: “We will work with faculty staff to train them on the delivery of blockchain courses, blockchain materials….”
“We will sponsor or give grants or finance projects for three Ph.D. students at the university to expand their research in blockchain here in the Philippines…”
“…which also includes making the entire intellectual property portfolio of nChain available to students. Finally, there is the practice problem.”
“We want to offer internships both in our companies and in relation to what we do in Bataan so that university students can complete their education.”
Also, the nChain chair announced the company’s plan to build a Block Dojo incubator in Bataan.
Block Dojo brings blockchain startups to investors so they can offer the Philippines new services and more jobs.
He said it is in line with their goal to “promote Philippine innovation in building solutions on the blockchain that will be deployed domestically.”
“…but also potentially, internationally, it also allows us to contribute to possibly uncovering a Philippine unicorn.”
Conclusion
The Philippine government will advance its digitization using nChain and the Bitcoin SV blockchain.
As a result, the country would thrive and prosper in the age of AI, realizing the presidential campaign’s chant, “Bagong Pilipinas, Bagong Mukha (New Philippines, New Face).”
In response, adapt to the world’s rapid digital revolution. Start by following the latest digital trends from Inquirer Tech.
