Crypto Training Courses Will Be Available Soon in Philippine Universities

by Be Informed

A Philippine Senate hearing on cryptocurrencies, financial inclusion, and regulatory frameworks was held on August 24, 2022. As a result, institutions in the Philippines will provide free courses on Bitcoin and other digital assets.

Binance and the FinTech Alliance Philippines were among the participants. The former is the world’s largest crypto exchange, while the latter is the country’s leading and largest digital commerce association.

In addition, the Bangko Sentral ng Pilipinas (BSP), the Securities and Exchange Commission (SEC), and the Cagayan Economic Zone Authority (CEZA) joined.

Binance’s general manager in the Philippines, Kenneth Stern, stated during the hearing that 78% of Filipinos are still unbanked. Fortunately, he stated that “…crypto can assist reduce that number as crypto asset holders will soon outnumber credit card holders in the country.”

The Department of Science and Technology has signed a Memorandum of Agreement (MOA) for a government relationship with BCB Blockchain. It would make it easier for local startups to develop smart city initiatives and applications using blockchain technology.

The Singapore-based crypto business banking firm has given $300,000 to Philippine startup accelerators and incubators. It also signed relationships with a number of colleges in Luzon, Visayas, and Mindanao:

Adamson University, Batangas State University, Caraga State University, De La Salle University-Manila, Far Eastern University, Holy Angel University, Mindanao State University – Iligan Institute of Technology, QBO Innovation hub, Siliman University, Technological Institute of the Philippines, Technological University of the Philippines (Visayas) and University of Southeastern Philippines.

The collaborative effort seeks to include academics, developers, and community members in the Building Cities Beyond (BCB) Blockchain system. As a result, chances to design smart city solutions would increase.

Dr. Enrico C. Paringit, Executive Director of the Philippine Council for Industry, Energy, and Emerging Technology Research and Development (PCIEETRD), stated about the collaboration:

“We expect that this collaboration will spark a new wave of applications and innovations for the development of sustainable and smart cities.”

Prior to these efforts, the country offered crypto training courses. In 2019, the Ateneo De Manila University, for example, built the Philippines’ first blockchain laboratory.

AdMU recognized the growing global demand for blockchain education and research. AMBERLab, or the Ateneo-MediXServe Blockchain Education and Research Lab, was established in response.

AMBERLab enables students to create and implement initiatives that use blockchain technology to serve the world. Non-Ateneo students and professors can, thankfully, use its resources.

“We integrate AMBERLab with the goal and vision of the university and the Department of Information Systems and Computer Science,” said Dr. Regina Estuar, Chief Research Officer of MediXServe and Executive Director of AMBERLab. To be leaders in creative and cutting-edge computing technologies that benefit the nation.”

In his first State of the Nation Address, President Bongbong Marcos stated his commitment to the Philippines’ digital transformation:

“This will be distinguished by the incorporation of technology into practically every aspect of our daily life.” Breakthrough technologies in quantum computing, artificial intelligence, nanotechnologies, the internet of things, robotics, self-driving electric vehicles, 3D printing, and Virtual and Augmented Reality, among others, will dramatically change the way business is conducted.”

He also labeled these advancements the “Fourth Industrial Revolution,” and tasked the Department of Information and Communications Technology (DICT) with “identifying and utilizing these breakthroughs to better governance.”

To broaden blockchain knowledge, the DOST has begun offering crypto training classes. Furthermore, it has been investigating potential uses through the project “Application of Blockchain Technology to the Guimaras Mango Supply Chain.”


Credits to: Dale Arasa

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1 comment

Gualberto Gonzales October 17, 2022 - 3:22 am

Very nice! Thank you so much for publishing scholarly crypto articles in this journal. This is a must to be read!


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