Philippines government partners with blockchain company

21-Jun-2019 Intellasia | The Block | 6:02 AM Print This Post

The Philippines Department of Information and Communications Technology (DICT) has signed a Memorandum of Agreement (MOA) with US-based blockchain company Monsoon, GMA News reports. DICT hopes the use of blockchain tech will facilitate business and help it with cybersecurity. Monsoon will provide DICT with “complimentary courtesy consultation, advice, cost-benefit, and socio-economic analysis” regarding Philippines’ use of blockchain technology.

“This partnership will directly benefit our continuous effort to address the country’s issues on ease of doing business and cybersecurity,” DICT Acting Secretary Eliseo Rio Jr. said.

https://finance.yahoo.com/news/philippines-government-partners-blockchain-company-172412078.html

 


Category: Philippines

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