Blockchain Group To Push Philippines Web 3 Adoption via State Partnership
Jul 13, 2023
The Blockchain Council of the Philippines (BCP) — a non profit organization dedicated to improving the regulatory framework for blockchain technology — has partnered with the Department of Information and Communications Technology (DICT) to foster Web3 adoption in the Philippines.
In an announcement sent to Cointelegraph, Donald Lim, the founding president of the BCP, said that the organization’s vision is to drive Web3 adoption in the Philippines. BCP’s primary goal is to propel blockchain adoption in the country and make the country a global leader in blockchain technology.
To achieve this goal, BCP will be working to educate and collaborate with local stakeholders within the Philippine blockchain ecosystem. This includes working with government bodies, Web3 developers, civil society organizations and businesses.
The BCP also established a partnership with the DICT, which is responsible for developing and promoting the country’s information and communications technology agenda.
DICT Director Emmy Lou Versoza-Delfin said the nation is not a stranger to blockchain. The executive explained:
“We have seen the rise of innovative blockchain in startups, the success of blockchain-based business solutions and the birth of the initiative that makes blockchain for public good.”
The government official also noted that this development signifies that the country is ready for blockchain adoption and is “poised to be a leader in blockchain education, and definitely will be a global leader in the blockchain industry.”
Meanwhile, at the recent BTC Prague event, Cointelegraph interviewed Ethen Rose, the founder of Pouch — a wallet service supporting the Bitcoin Lightning Network in the Philippines. The executive highlighted difficulties in introducing Bitcoin to people within the country. Rose explained that, at the moment, Pouch is pitching BTC to merchants as an alternative way of attracting customers to their businesses.