PGB signs MOU with global blockchain leader nChain

PGB signs MOU with global blockchain leader nChain

The Provincial Government of Bataan (PGB) recently signed a Memorandum of Understanding (MOU) with global blockchain leader nChain with the aim of laying the framework for the establishment of a digital platform for the province to streamline current systems and procedures for government services.

Signed by Bataan Governor Joet Garcia and nChain AG Chairman Stefan Matthews, the MOU is pursuant to Republic Act No. 11032, also known as the Ease of Doing Business and Effective Public Service Delivery Act of 2018. This partnership aims to digitize operations by PGB.

Stefan Matthews of nChain said: “nChain is committed to working with governments around the world to digitally transform their economies. Through this memorandum of understanding with Bataan, we are excited to begin driving the state forward by providing expert advice and blockchain-based solutions for digitization of government services, products and processes using our robust portfolio of intellectual property rights.With the BSV blockchain powered by nChain, Bataan can look forward to an efficient, secure and transparent system to digitize various branches and agencies of the government and provide better services and products for the people.”

For his part, Governor Garcia hailed the partnership that will use nChain’s “cutting-edge blockchain technology and improve the efficiency and transparency of our government operations, as well as provide innovative, secure and accessible online services to our citizens.”

He added, “We are excited to be at the forefront of the implementation of blockchain technology in public services. This partnership with nChain will greatly benefit our citizens by providing them with fast and secure access to public services while ensuring the integrity to these services.

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More than that, the governor emphasized that “the technology will improve the transparency and accountability of government operations, as it provides a tamper-proof record of all transactions.”

He also revealed that the rollout of this technology will happen in the coming months “as the provincial government of Bataan and nChain work hard to achieve our shared goal of fully enabling blockchain technology in public services.”

He added, “We are confident that this strategic alliance will result in improved efficiency in government operations and bring many innovative opportunities for the future.”

Founded in 2015 and with offices in London, UK; Zug, Switzerland; Ljubljana and Maribor, Slovenia; Stockholm, Sweden; and Manila, nChain unlocks the potential of blockchain technology through ongoing invention research and development, including maintaining a robust patent portfolio, and by providing software, IP licensing and consulting services across multiple industries, including iGaming, supply chain and finance. .

nChain also offers solutions in the digital payment space, along with professional services that help businesses of all types take advantage of blockchain technology. nChain today has almost 2,800 registered patent applications of which about 500 have been granted and is the developer behind the Bitcoin SV Node software, Teranode, LiteClient, Kensei and more.

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