When asked how BSV blockchain would assist in digitalizing the Philippine Government, nChain Group co-founder and executive director Stefan Matthews said it would.
When asked about his conversations with government leaders about crypto adoption, he granted an interview to CoinGeek, a cryptocurrency news source.
Matthews intends to utilize the BSV blockchain to keep and transmit regional info safely. In addition, he spoke about cryptocurrency education opportunities for Ateneo professors and pupils.
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During his 2022 State of the Nation Address, Philippine President Ferdinand “BBM” Marcos Jr. discussed his plans to modernize the country through digital changes.
In light of this, in October 2022, Bataan held the world’s first blockchain meeting.
The Dept. of Information and Communication Technology (DICT) and blockchain industry executives worldwide represent the gathering.
The president has charged this organization with leading the nation into the digital era. Stefan Matthews, co-creator of nChain, was there as a visitor.
The company operates on a worldwide scale and provides Bitcoin SV-based blockchain products.
The second type is a hard split of Bitcoin that seeks to return the network to the specifications established by Bitcoin’s mysterious inventor, Satoshi Nakamoto.
A multinational IT firm specializing in software, IP licensing, and advisory services. Serving the Blockchain industry with goods and services. Satoshi’s Vision Bitcoin.
Stefan Matthews stated that Governor Garcia and Congressman Garcia have an unparalleled vision for this technology and its implementation in government. He enjoyed discussing it at length during the event and in several sessions, and what he means is they are highly forward-thinking people.
It led to an MOU being inked between the Provincial Government of Bataan (PGB) and nChain on January 25th, 2023.
The area’s special economic zone or freeport designation means it will soon become the center of the Philippines’ cryptocurrency industry. There was also a meeting between DICT Secretary Jonathan Ivan and Stefan Matthews.
According to CoinGeek, he said they talked about using blockchain technology in Bataan. They also discussed the importance of protecting sensitive federal information.
More specifically, Matthews and the DICT Secretary talked about the privacy or lack thereof of data kept on a blockchain.
nChain and the Philippines would benefit from his company’s efforts in the Philippines.
Ateneo de Manila University collaborated with the Philippine government and nChain to provide blockchain instruction to its pupils.
Stefan Matthews has stated that they will assist faculty members in receiving the necessary training to teach blockchain-related classes and materials. Three Ph.D. students at the institution will receive grants or funding to continue blockchain study in the Philippines, and nChain will make its complete intellectual property portfolio accessible to the students. Finally, there’s the problem of internships.
He also mentioned that they hope to offer apprenticeships at their businesses and their work in Bataan to help college students pay for their degrees.
The head of nChain also shared that the business would be constructing a Block Dojo incubator on the island of Bataan.
Block Dojo connects blockchain companies with investors to help introduce new services and more employment in the Philippines.
He stated that it aligns with their goal to foster Filipino creativity in constructing blockchain solutions that will implement domestically and potentially internationally. Additionally, he said that it enables them to contribute to the possibility of discovering a Filipino unicorn.
With the assistance of nChain and the Bitcoin SV blockchain, the Philippine government will advance its automation.
Consequently, the nation would flourish and prosper in the era of AI, allowing him to fulfill his presidential campaign slogan, “Bagong Pilipinas, Bagong Mukha” (new Philippines, new face).
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