Specifically blockchain and non-fungible tokens (NFTs), the Philippine government is aggressively educating its young people about these technologies. On September 20, the Department of Science and Technology-Advanced Science and Technology Institute (DOST-ASTI) scheduled a tech forum including young minds in exploring the tremendous opportunities of blockchain technology.
The forum aimed to give participants useful knowledge on NFTs, blockchain, and cryptocurrencies. Senior scientific research specialist Roxanne S. Aviñante highlighted the growing job opportunities in the blockchain sector and underlined it as a required topic for next employment.
Another expert, Marc Jerome T. Tulali, discussed the useful applications of blockchain including secure voting systems and unchangeable data storage.The Self-Sovereign Identity Empowerment:
Reinventing Rights and Attributes (SIERRA) project, which aims to establish a blockchain-based system for managing intellectual property rights in the Philippines, another topic the visitors learnt about Among other areas, the event addressed blockchain integration into gaming, healthcare, government services, and distributed finance.
The endeavor comes at a pivotal junctur as the Philippines aims to raise the caliber of its technological scene.
Bangko Sentral ng Pilipinas (BSP) is also looking at developing a national stablecoin after reporting controlled testing for a digital currency linked to the local peso. This project aims to assess the stability of the currency in real-world settings, therefore improving digital asset trade and remittance systems—qualities very necessary for many Filipinos.By means of programs like these, the Philippine government is not only preparing its young people for the future technological changes but also demonstrating a commitment to encourage blockchain acceptance in many fields. By inspiring excitement in new technologies, the Philippines is opening the road for creative ideas that can benefit its economy and general community.
