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Digital Pilipinas showcases Ph as ‘soft landing, safe haven’ for global innovators

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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

Blockchain

Correction: CBiGroup Completes $15M Series A Funding, Focuses on R&D

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CBiGroup Completes $15M Series A Funding, Focuses on R&D

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Blockchain

COTI V2 changing private play on blockchain via encrypted circuit

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COTI V2 is revolutionizing blockchain technology with private play through encrypted circuits, offering enhanced speed and efficiency. Currently, the Genesis builder network is live, and the company is inviting developers to join their program. The network supports private play upgrades for Ethereum.

As a privacy-focused Ethereum layer 2 solution, COTI V2 employs advanced encryption technology and encrypted circuits, enabling operations on all devices without compromising personal data.

The primary goal of COTI V2, as outlined in its whitepaper, is to address private play issues on blockchains. Developers can protect privacy through encrypted circuits. The COTI V2 Devnet provides a user-friendly, connectible EVM space (gcEVM) using the Solidity programming language.

Additionally, the COTI V2 network offers developers tools for privacy play with TypeScript and Python SDKs, along with EVM RPC, documentation, a faucet, an explorer, and Hardhat.

COTI has received positive feedback from Civic, a provider of Web3 identification toolkits.

The COTI Foundation plans to launch a privacy-focused growth fund, the ABC Growth Fund, allocating 400 million COTI tokens to provide real-time privacy services.

Developers using the COTI V2 builder network can explore use cases such as confidential DeFi, private payment transactions, stablecoins and RWAs, on-chain data control, confidential AI and machine learning, and decentralized identity recognition.

According to COTI CEO Shahaf Bar-Geffen, the COTI V2 builder and developer program is now available to the public, inviting developers to join the network.

Source: cryptonewsz.com

The post COTI V2 changing private play on blockchain via encrypted circuit appeared first on HIPTHER Alerts.

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Justin Sun Emphasizes the Importance of User Protection

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Justin Sun, the founder of the Tron Foundation, recently emphasized the critical importance of protecting users in the cryptocurrency sector. Drawing on the experiences of industry leaders like Jack Ma and Changpeng Zhao, Sun argued that prioritizing user safety above the interests of investors, partners, and employees is essential for building trust and ensuring the sector’s long-term sustainability.

He acknowledged that this focus is challenging but necessary for fostering a secure and reliable crypto environment. Sun’s perspective highlights the need for the crypto industry to evolve in a way that prioritizes user interests. He believes that learning from successful leaders can help guide this process. By adopting these principles, the industry can better protect its users and create a more trustworthy ecosystem. Sun’s advocacy for user protection underscores a broader vision of developing a safer, more user-centric cryptocurrency landscape.

His comments reflect a commitment to ensuring that the industry’s growth is not only rapid but also responsible and sustainable. This approach, according to Sun, will ultimately benefit everyone involved in the cryptocurrency space by fostering greater confidence and reliability in digital financial systems.

Source: blockchainreporter.net

The post Justin Sun Emphasizes the Importance of User Protection appeared first on HIPTHER Alerts.

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