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Home Blockchain

The Philippine Government Is Exploring Use Cases for Blockchain Technology: Details

Admin by Admin
31.05.2022
in Blockchain
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Reading time: ~2 m


Enrico Paringit, a spokesman for the Philippine Department of Science and Technology (DOST), said the agency is launching a training program for in-house researchers to explore all sorts of options for using distributed ledger technology. Paringit drew public attention to the fact that the government’s interest in the blockchain has nothing to do with plans to launch any digital products (cryptocurrencies).

An employee of DOST, reports cointelegraph, stressed that the main purpose of the training program is to see and analyze the potential role of the blockchain in public sectors such as healthcare, emergency care and providing financial support to the population. In addition, the man added that the authorities do not exclude the option of using the distributed registry technology by state bodies when issuing visas, passports and other documents.

Despite the fact that the blockchain has always been associated with cryptocurrencies from the very beginning of its existence, the plans of the Philippine government have absolutely nothing to do with digital assets.

“Yes, we are really considering the possibility of using blockchain in many areas of government activity. We plan to create various applications that are useful for both citizens and officials, but all these intentions are in no way related to the topic of cryptocurrencies. Our main goal is to study the possibilities of distributed ledger technology, as well as to train specialized specialists who in the future, thanks to the skills gained, would be able to strengthen, accelerate and improve the work of the state system of our country,” Paringit emphasized.

In this context, it is worth noting that the training program initially had as its goal to talk to specialists in the field of information technology. However, the work of the Department of Science and Technology has recently faced many problems, in particular, with the lack of blockchain experts. Against this background, it was decided to change the “trajectory” of training, adding to the “accounting program” also the study of the blockchain.

His point of view on the launch of a training program for the study of distributed ledger technology, reports Cointelegraph, was expressed by the Minister of Science and Technology of the Philippines Fortunato dela Peña.

“The Philippines must move forward. Blockchain is a modern and very necessary technology that needs to be developed in the country, “the man summed up.

Earlier, we reported that the Ministry of Finance has completed the finalization of the bill on digital assets and blockchain.


#Philippine #Government #Exploring #Cases #Blockchain #Technology #Details

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