The Blockchain Council of the Philippines (BCP), a non-profit organization dedicated to improving the regulatory framework for blockchain technology in the country, has partnered with the Department of Information and Communications Technology (DICT) to drive Web3 adoption in the Philippines.
In an announcement sent to Cointelegraph, Dr. Donald Lim, Founding Chairman of BCP, said the organization’s vision is to drive Web3 adoption in the Philippines. The main goal of BCP is to propel blockchain adoption in the country and make the country a global leader in blockchain technology.
To achieve this goal, BCP will strive to educate and collaborate with local stakeholders within the Philippine blockchain ecosystem. This includes working with government agencies, Web3 developers, civil society organizations and businesses.
BCP has also partnered with DICT, an executive department of the Philippine government that is responsible for developing and promoting the country’s information and communications technology program to support the nation’s development.
DICT Director Emmy Lou Versoza-Delfin said the nation is no stranger to blockchain. The executive explained:
“We’ve seen the rise of innovative blockchain in startups, the success of blockchain-based business solutions, and the birth of the initiative that makes blockchain a public good.”
The government official also noted that this development signifies that the country is ready for blockchain adoption and is “on its way to being a leader in blockchain education, and will certainly be a global leader in the industry.” of the blockchain”.
Related: Philippines delays release of encryption framework
Meanwhile, at the recent BTC Prague event, Cointelegraph interviewed Ethen Rose, the founder of Pouch – a wallet service supporting the Bitcoin Lighting Network in the Philippines. The executive highlighted the difficulties in introducing Bitcoin (BTC) to the country. Rose explained that right now they are offering BTC to merchants as an alternative way to attract customers to their businesses.
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