The Philippine Blockchain Association (PBA) was launched during the Bacolod Blockchain Initiative (B2CI) workshop.
March 16, 2018, Diamond Hotel, Metro Manila Philippines – The concept of Blockchain and its core feature of self-processing transactions with greater efficiency, is rapidly gaining steam in terms of awareness and adoption. With Blockchain, a number of processes utilized under a block of established paths are automated to function as a chain unit of events when a transaction is initiated. Blockchain removes process stoppages in the form of manual verification or additional paperwork. Under a distributed ledger technology, each transaction can be audited, therefore encouraging transparency within the organization and its shareholders.
The Bacolod Blockchain Initiative (B2CI) successfully conducted its first workshop: the Bacolod Blockchain Workshop. The workshop was organized by the working partnership of HYBrain Development Corporation (HYBrain), DynaQuest Technologies Services (DynaQuest), and with the special participation of the Bacolod-Negros Occidental Federation for Information and Communications Technology (BNeFIT). The event was held on May 24, 2018 at the New Activity Hall of Carlos Hilado Memorial State College Alijis Campus Bacolod.
Bacolod City, Negros Occidental May 24, 2018 – Blockchain technology is built around a number of coalesced technologies such as process management algorithms, distributed ledger technology (DLT) and distributed applications (dApps). By no means, Blockchain is not easy to understand and for a beginner friendly introduction, Blockchain advisor Chris Thompson introduced Blockchain through a number of real-world applications of Blockchain via use cases during the Bacolod Blockchain Workshop last month, that was organized by the Bacolod Blockchain Initiative (B2CI).
Bacolod City, Negros Occidental May 24, 2018 – Smart Contracts under Blockchain has the potential to change how written agreements are enacted. Through smart contracts that are powered by a Blockchain system, standard agreements will be self-executing in terms of maturity or when the need for coverage calls for it. This is due to the embedded automated processing system and lock-in algorithms that will facilitate the contract from enrollment, its safekeeping and execution.
Blockchain is the engine that powers cryptocurrency economies and their respective Initial Coin Offerings (ICO). As the demand for coins and cryptocurrency exchange soared, regulations among the many leading nations of Asia were quick to scramble delay orders in order to slow the superlative expansion of coins in an effort to place a semblance of regulation as governments were caught off guard in the demand for coins as alternative currency.
Banking in the Philippines is a fragmented institution where the primary banks with the best commercial and financial services are concentrated in the capital city of Metro Manila. The Philippine archipelago that is comprised of over seven thousand islands present a challenge to local banks in terms of consistently maintaining their quality of service across their branches.
Digital Identity Management for NGOs using Blockchain (#HackSociety 2018 Entry). Currently, there are people around the world, including our ethnic communities in the Philippines that don't have an identity yet, in terms of not having a birth certificate or any type of official government registration. Often, this lack of official identity extends to adulthood, creating complications with school enrollment, hospital records, insurance attainment, passport application and other civil registration scenarios such as applying for a driver’s license.
