Exciting things ahead! nChain Blockchain Meetup lays out plans for Philippines blockchain adoption

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Global blockchain leader nChain has made many achievements in the Philippines in just the past six months. In December 2022, it signed a memorandum of understanding with the provincial government of Bataan to establish a digital platform and streamline government processes in the province.

Now, the company celebrated with a night full of great ideas and networking with various thought leaders in the government and blockchain industry with the nChain Blockchain Meetup held at the Manila House Private Club in Bonifacio Global City.

In his speech welcoming the attendees, nChain Group Executive Chairman Stefan Matthews talked about how the company started and why they chose the Philippines as the next country to gather future projects.

Past, present and future works – the DNA of the blockchain

Founded as a research company in 2015, nChain is now a leader and pioneer in blockchain research with over 1,000 research papers on the emerging technology and its applications across industries.

“What we’re working on and what we filed patent applications for in the first three years is best described as being the DNA of the blockchain,” Matthews said.

“Our patent portfolio used to create intellectual properties that we have is the largest of its kind in the world. We have almost 3,000 patent applications worldwide. We have about 400 of them that are granted. We have never had a patent application rejected. We have about two or three that we have withdrawn because of the discussions with patent officers,” he announced.

Matthews then talked about their future projects with the Department of Information and Communication Technology (DICT) and their partnership with the province of Bataan – where they plan to open an incubator facility that will teach Filipinos about blockchain technology.

“I got excited for a number of reasons because blockchain is obviously my life, but it’s also in Bataan, which is where I live. And suddenly I was looking at financial inclusion, social impact and all these things. And I suddenly realized that there was a opportunity for me and my company (nChain) to do something very special for the Philippines,” he said.

“The incubator is there to fulfill the promise of training, upskilling, promoting digitization and promoting innovation,” he added.

The Executive Chairman reiterated how nChain is dedicated to helping the Philippines implement blockchain solutions across the country, cementing their plans by personally speaking with the DICT and President Ferdinand Marcos Jr.

“The areas that I’m personally focused on are areas of IoT around agriculture, around weather, around disaster management, areas of supply chain management, patching agriculture again, and probably a whole host of other things,” he said.

Go ahead to educate young Filipinos

Meanwhile, Stephanie Tower spoke about nChain’s plans to promote blockchain innovation in the Southeast Asian country by signing an MOU with Ateneo De Manila University. Christian Pulmano, a lecturer at Ateneo’s Department of Information Systems and Computer Science, explained the details of the partnership.

“The first step to adopt blockchain is that we need to educate people on how to implement it properly and where to implement blockchain technology. That’s why the university’s (Ateneo) first approach is to gather more students to take the course,” pointed out Pulmonary.

Before the pandemic, the university already had a course on the technology, and the partnership with nChain only ran through December 2022. “We plan to hold the course hopefully as early as the first semester,” Pulmano told CoinGeek on the sidelines of the course. event.

On partnering with nChain, Pulmano said they chose the company because it aligns with the university’s vision as a research institution.

“The reason we pursued the partnership is [because] many of the things are in line. A lot of things that nChain is trying to do are very much aligned with what we’re trying to do as a university and a research institution,” Pulmano explained.

“We learn a lot from them as they have experience in researching blockchain, but at the same time, as a university, we can also help them expand their growth in the country,” he added.

Pulmano will be the one learning about blockchain in Ateneo when they start the course, but as they go around, nChain will train more faculty members. The instructor also shared that they have not yet made plans to collaborate with other academies to establish the course, but future collaborations would be welcome to build studies and research as long as it follows the university’s goals.

Pulmano said they are open to researching more about the technology and its various networks, such as the BSV blockchain.

– Part of our job as researchers is to try it [blockchain networks] out before we can conclude anything. We must conduct thorough research. Definitely, at the start, we will learn about it [BSV blockchain] more,” he noted.

“For me, [BSV blockchain] has a good approach…In the real world we do many transactions in different industries. BSV aims to have a more scalable blockchain solution that helps adoption, removing the problem of how to scale a blockchain system,” Pulmano added.

Want to learn more about the basics of blockchain technology? check out BSV Blockchain Resources Page where you can download useful e-books – from unleash the value of data at extreme scale to understand the potential of the Metaverseamong the many topics – free of charge.

See: nChain Will Digitize Public Services in the Philippines

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