To further promote blockchain technology in the country, leaders in finance, marketing and technology have established the Blockchain Council of the Philippines.
Philippine Blockchain Week (PBW) Senior Convenor, Dr. Donald Lim, announced the formation of the council during a recent press conference held at the Manila Marriott Hotel in Pasay City.
Distinguished Council members include Lito Villanueva, RCBC Executive Vice President and Chair of FinTech Alliance; Ida Tiongson, Chair and Independent Director of PruLife UK and Trustee of Fintech Alliance; and technology attorney Mark Gorriceta, managing partner and head of the technology media and telecoms group of Gorriceta, Africa, Cauton, and Saavedra Law. They were also among the panellists at presscon, whose discussion focused on the benefits of blockchain technology.
Henry Aguda, Chairman of the Board, UBX; Martha Sazon, President and Chief Executive Officer (CEO), GCash; Chezka Gonzales, Founder, Woman of Substance NFT; Sheree Gotuaco, CEO, Scarletbox.io; Kate Hancock, founder of Metaverse XYZ; Brian Poe Llamanzares, Founder, Artifact; Gail Macapagal, Country Director, Dynaquest; Emman Navalan, CEO, Tetrix; Emmanuel Samson, Founder and CEO, Impero Group; Paul Soliman, Chairman and CEO, Bayanichain; Oscar Tan-Abing, Jr., CEO, Anotoys Collectiverse; and dr Lim, COO, DITO CME make up the rest of the council.
dr Lim said the council was formed to promote blockchain education in the country and help bridge the knowledge gap as Filipinos move from Web2 to Web3. The council, he said, will actively promote private sector-government collaboration to achieve the goal of making the Philippines the blockchain capital of Asia.
Blockchain is more than cryptocurrency
According to Villanueva, PBW’s goal is to help Juan Dela Cruz understand what blockchain is all about. He shared that the country is fortunate to have the most progressive and dynamic regulators.
“We thank the Bangko Sentral ng Pilipinas (BSP) and the Securities and Exchange Commission (SEC) for their openness to innovation,” he said, emphasizing that PBW’s ultimate goal is to provide Filipinos and the global community with an inclusive financial framework.
Gorriceta added that PBW will showcase the various uses of blockchain and address the negative news it has been receiving lately.
“Blockchain is the underlying technology of Bitcoin, Etherum and the like. Basically, blockchain encourages decentralized finance. The purpose of PBW is to present the features of blockchain beyond bitcoin and how the Blockchain Council of the Philippines will be able to promote let’s say how we can use this technology and how we can use the Filipino further improve our central bank’s economic agenda,” he said.
Tiongson noted that while blockchain is often associated only with cryptocurrency, the technology can offer more to support industries and protect the integrity of data online.
“Blockchain is a technology,” she emphasized, and it can be used in a variety of ways. “You can also use it for offering digital assets like NFTs, supply chain, payment systems, medical tracking and gaming,” she said.
Daniel Robbins, CEO of California-based IBH Media and co-founder of Metaverse Collective, called blockchain “the greatest global impact on our economy we’ve ever seen in our lives.”
“It’s great to understand the technology, but the next thing is (to learn) how to implement it,” he said.
NFTs, the Metaverse and more
As the press conference aimed to give attendees a glimpse of the upcoming week-long blockchain event, the second panel members consisted of three experts from the fields of NFT, AI and Metaverse. They are Gotuaco, Soliman and Hancock.
Blockchain and its relationship to NFTs, Gaming, AI and the Metaverse will also be discussed during the PBW. An NFT Exhibition and Gaming Expo will also take place.
dr Lim also announced the launch of the Philippine Block Awards, one of PBW’s highlights, designed to honor the people behind the country’s blockchain ecosystem.
Tickets for PBW are available now at www.philblockchainweek.com.
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