The Philippine Government Will Digitalize With BSV Blockchain

Stefan Matthews, the co-founder and executive chairman of nChain Group, said BSV blockchain would facilitate the digitalization of the Philippine government.

He had an interview with the cryptocurrency news outlet 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. Moreover, he discussed blockchain training for Ateneo faculty and students. 

How will the Philippine government proceed 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 State of the Nation Address in 2022.

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 Communication Technology (DICT) attended the event.

The president specifically tasked this agency with the digitalization of the country. One of the guests was Stefan Matthews, the co-founder of nChain. 

It is a global tech firm 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 tech company offering software, IP Licensing & consulting services. Providing Blockchain solutions and products. Bitcoin SV.

“During the event and several meetings afterward, I had some fairly deep conversations with Governor Garcia and Congressman Garcia.…”

“…and their vision for this technology and the application of it in government is second to none. I mean, they are 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 due to its special economic zone or freeport status. Stefan Matthews also met with DICT Secretary Jonathan Ivan and his. 

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He told CoinGeek they discussed blockchain and its applications being built for Bataan. Also, they talked about the sovereignty of government data. 

Specifically, Matthews and the DICT Secretary discussed whether information stored on a blockchain is private or accessible to others. 

Overall, his company’s activities in the Philippines would create more opportunities for nChain and the Philippines. 

How would nChain help the Ateneo De Manila University?

Photo Credit: bitpinas.com

The Philippine government and nChain partnered with the Ateneo de Manila University in delivering blockchain education to its students.

Stefan Matthews said, “We will be working with faculty staff to train them on the delivery of blockchain courses, blockchain material….”

“We will be sponsoring or providing grants or funding projects for three Ph.D. students at the university to extend their research in blockchain here in the Philippines…”

“…which also includes making available the entire intellectual property portfolio of nChain for students. Finally, there is the internship issue.”

“We want to provide internships both in our companies and in terms of what we’re doing in Bataan for university students to be able to 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 that they can offer the Philippines new services and more jobs. 

He said it aligns with their aim to “foster Filipino innovation in the building of solutions on the blockchain that will be deployed domestically.…”

“….but also potentially, internationally, it also allows us to contribute to possibly uncovering a Filipino unicorn.”

Conclusion

The Philippine government will further its digitalization with the help of nChain and the Bitcoin SV blockchain. 

As a result, the country would thrive and prosper in the age of AI, realizing his presidential campaign 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.