Blockchain
Digital Pilipinas showcases Ph as ‘soft landing, safe haven’ for global innovators
Digital Pilipinas, the largest private sector movement for creating a technology and innovation ecosystem in the country, showcases the Philippines as a “soft landing and safe haven” for global innovators.
Amor Maclang, Digital Pilipinas Festival (DPF) Convenor, positioned the Philippines as “a welcoming gateway to ASEAN for other countries who wish to do business in our region, for innovators from other countries who, in the face of adverse political or economic conditions, need to temporarily relocate to where their culture of innovation will be preserved.”
During the DPF, foreign and Filipino leaders shared their plans for creating a stronger, anti-fragile ASEAN by making digital tech more accessible to the public. Department of Information and Communications Technology – Philippines’ Undersecretary David Almirol stressed the crucial role of embracing the enabling qualities of technology in empowering agencies in enforcing their mandates. Through different policies and projects including the E-Governance Act and the iLGU, the public can experience seamless services which pave the way for them to take on bigger decisions and even go global.
Jimmy Kyle Siy, Brankas Director of Customer Success, said that a positive impact on trade would be the first advantage of an ASEAN tech collaboration.
Angkas CEO George Royeca said: working with ASEAN entails “collaboration with regulators in creating the best products that will have the highest positive effect.”
Manish Bhai, UNO Digital Bank Founder, President, and CEO, agreed that without a cross-border ecosystem, digitalization will not succeed: “Everyone is a collaborator – whether it’s cross-country, ASEAN, regional, global.”
Wei Zhou, CEO of Coins.ph, spoke of his plans to make the Philippines “a leader in Web 3.0 not just in ASEAN, but globally. Digital assets and blockchain are equalizers and can mean financial empowerment.”
DPF, which was composed of the World FinTech Festival-Philippines and the Philippine FinTech Festival, was held in partnership with Elevandi, an organization founded by the Monetary Authority of Singapore (MAS) to foster public-private-sector dialogue to advance FinTech in the digital economy.
Jobbagy László, Managing Director of Digital Success Nonprofit Ltd., emphasized that “digitalization is all around us. We can have all kinds of people and have all kinds of degrees to digitize the culture even in terms of policy-making over the next 30 years.”
Participating in the DPF were co-presentor Coins.ph and co-convenors Etiqa Philippines; Angkas; PayMongo, UnionBank of the Philippines; digiCOOP; ADVANCE.AI; NinjaVan Philippines; KPMG Philippines; UNO Digital Bank; Creador; Globe; PruLife UK; ACUBELAW; Gorriceta Africa Cauton & Saavedra; Brankas; GCash; COL Financial; and, Xendit Philippines. Other partners were Tech Exactly; StartUp Village; Bounce Back PH; Fintech Philippines Association; FinScore; Mapúa University; GeiserMaclang Marketing Communications; Inquirer Group of Companies; Inquirer Mobile; Inquirer.Net; Philippine Daily Inquirer; The Philippine Star; Manila Bulletin; United Neon; and Coinvestasi.
Filipino and global industry and tech leaders gathered for the Digital Pilipinas Festival, which kicked off a month-long celebration for ASEAN tech while launching an anti-fragile technology and innovation ecosystem to bring about an economically stronger region.
SOURCE Philippine FinTech Festival
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Blockchain
Blocks & Headlines: Today in Blockchain (BlackRock, Plume, SEALSQ, Hedera, Deutsche Bank, KuCoin)
Blockchain technology continues to drive innovation across industries, reshaping finance, infrastructure, and philanthropy. Today’s news roundup explores exciting developments in blockchain ETFs, tokenization funding, quantum-resistant chips, public blockchain initiatives, and impactful social projects. Here’s a deep dive into the latest blockchain headlines:
BlackRock ETF Embraces Blockchain with First Muni Bond Purchase
BlackRock’s blockchain-focused ETF has made its first foray into municipal bonds, signaling increased confidence in integrating blockchain technology with traditional finance. The ETF’s strategic investment demonstrates how blockchain can enhance transparency and efficiency in bond markets.
By tokenizing municipal bonds, BlackRock aims to simplify trading and settlement processes while reducing associated costs. This development underscores the growing role of blockchain in transforming financial instruments and fostering greater market accessibility.
Source: Yahoo Finance
Plume Secures Funding for Tokenization Platform
Blockchain fintech company Plume has raised significant funding to advance its tokenization platform. The company’s innovative approach enables businesses to convert real-world assets into digital tokens, streamlining asset management and unlocking liquidity.
Tokenization is rapidly gaining traction as a game-changer in sectors such as real estate, art, and commodities. Plume’s success reflects a broader trend of investment in blockchain solutions that bridge the gap between traditional assets and decentralized technologies.
Source: Fortune
SEALSQ and Hedera Partner for Quantum-Resistant Blockchain Chips
SEALSQ and Hedera have announced a groundbreaking collaboration to develop quantum-resistant chips designed to secure blockchain infrastructure. These advanced chips will provide robust protection against future quantum computing threats, ensuring the integrity of blockchain networks.
As quantum computing capabilities evolve, safeguarding blockchain ecosystems becomes increasingly critical. This partnership highlights the importance of proactive measures in maintaining the resilience and trustworthiness of decentralized systems.
Source: The Quantum Insider
Deutsche Bank’s Public, Permissioned Blockchain Initiative
Deutsche Bank’s Layer 2 blockchain solution is set to go public and operate as a permissioned network, according to its tech partner. This initiative aims to strike a balance between accessibility and security, leveraging blockchain to streamline financial services and enhance operational efficiency.
The decision to adopt a public, permissioned model reflects a growing trend among enterprises seeking to harness the benefits of decentralization while maintaining control over sensitive data. Deutsche Bank’s approach could serve as a blueprint for other financial institutions exploring blockchain adoption.
Source: CoinDesk
KuCoin’s “Light Up Africa” Initiative Brings Hope to Thousands
Cryptocurrency exchange KuCoin has made a significant impact through its “Light Up Africa” donation ceremony in Ghana, benefiting 36,000 children across the continent. The initiative combines blockchain technology with philanthropy to address energy poverty and support education.
By leveraging blockchain for transparency in charitable contributions, KuCoin sets an example of how the crypto industry can drive meaningful social change. The project demonstrates the potential of blockchain to empower communities and foster sustainable development.
Source: PR Newswire
Industry Implications and Key Takeaways
Today’s developments highlight the transformative potential of blockchain across multiple domains:
- Integration with Traditional Finance: BlackRock’s ETF underscores the synergy between blockchain and established financial systems.
- Tokenization Trends: Plume’s funding success reflects the growing demand for digital asset solutions.
- Quantum-Resistant Technologies: SEALSQ and Hedera’s partnership addresses emerging cybersecurity challenges.
- Enterprise Blockchain Adoption: Deutsche Bank’s public, permissioned network showcases the adaptability of blockchain in financial services.
- Social Impact: KuCoin’s philanthropic efforts illustrate blockchain’s capacity to drive positive societal outcomes.
The post Blocks & Headlines: Today in Blockchain (BlackRock, Plume, SEALSQ, Hedera, Deutsche Bank, KuCoin) appeared first on News, Events, Advertising Options.
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