Philippines Gov’t Seeks Blockchain Solutions to Enhance Public Services

Asia Blockchain Review
July 24, 2019

The Philippines’ Department of Information and Communications Technology (DICT) has signed a Memorandum of Agreement (MoA) with Monsoon Blockchain Storage, a blockchain developer based in the United States. According to ABS-CBN News, the agreement will see Monsoon advise the department on blockchain use cases in public administration.

Providing Decentralized Solutions to the Philippines

The MoA states that Monsoon will serve as an advisor to the DICT and provide services such as cost-benefit and socio-economic analyses on blockchain technology implementation in the Philippines’ public administration.  

Michael Woods, Chairman and Co-Founder of Monsoon Blockchain Storage, claimed that there are many possibilities for blockchain implementation in the country. 

“The country’s upcoming national ID system can be the first to benefit from blockchain technology as well as improving the security of automated elections,” Woods said. “There are Central Bank Digital Currencies that are out there. The Internet of Things, smart cities, smart homes, smart factories, smart campuses, all of that are moving to the blockchain because it’s more secure.”

Blockchain to Improve Ease of Doing Business

Meanwhile, another government agency has signaled that it is open to blockchain adoption to foster business activities. Maria Lourdes Yaptinchay, Director of the Department of Trade and Industry, revealed that it aims to use blockchain to improve ease of doing business in the country.

“For example, in business registration, there is a number of agencies involved in the process. It will be helpful if businesses could just apply once, put in data only once, and then [government agencies] will have a business identifier or a number that can be used to identify them among the different agencies,” she said.

Though the country has lagged behind regional peers in terms of ease of doing business, blockchain technology could potentially enable the Philippines to leapfrog its neighbors in the near future.


Related Article
Blockchain: Fine-tuning the Music Industry
Music might be in need of another tech disruption in the form of blockchain.

July 17, 2019

Graph Blockchain Secures Contract with South Korean Transport Ministry
The pilot project is for storing traffic data on a blockchain network as part of the Smart City nati...

July 13, 2019

Hong Kong, a Great Place for Blockchain Startups
It is quite evident that Hong Kong is quite rapidly developing to be a blockchain hub in the region ...

July 12, 2019

We provide information about Asia Blockchain Review latest activities as well as global blockchain news and research. Subscribe to our Newsletter now or Contact us