Search
Close this search box.

We are creating some awesome events for you. Kindly bear with us.

Enhancing Filipino Expertise in Blockchain Technology

According to DOST Secretary Renato Solidum Jr, a system that permits the distribution of digital information solely to those for whom it is meant has been widely promoted using blockchain technology, hence, it fosters trust, dependability, and transparency among all network users.

With this, a total of 84 personnel from the Department of Science and Technology (DOST) offices across the country have completed blockchain technology training, and they are excited to see how they will apply what they have learned not only for their personal growth but also for the benefit of their offices and the public.

Most Filipinos only knew blockchain as the technology underlying digital currency and cryptocurrency, but it has since been discovered that blockchain technology can be applied in a variety of fields including healthcare, owner and property rights, identity management, and decentralised autonomous organisations.

Because it uses highly powerful encryption technology to prevent tampering and unauthorised transactions, blockchain has been widely adopted as a hyper-secure solution for financial organisations.

The legalisation of bitcoin pushes companies and investors to increase their investments in blockchain technology. Furthermore, it pushes market participants to make greater attempts to improve their services to be more competitive.

The global blockchain technology market was estimated at S$5.92 billion in 2021 and is predicted to increase at a compound annual growth rate (CAGR) of 85.9 per cent from 2022 to 2030, with increasing venture capital funding in blockchain technology businesses driving market expansion. Companies’ efforts are expected to make blockchain technology more effective and efficient soon.

DOST thinks that to reap its full benefits, complex and interrelated challenges, and issues such as well-structured policies and regulatory frameworks for collective governance, growing people’s capabilities, and transformation must be addressed. Thus, technology awareness and appreciation should be encouraged among the public.

Meanwhile, a multinational technology company, in collaboration with the ICT Literacy and Competency Development Bureau (ILCDB) of the Department of Information and Communications Technology (DICT), is examining the possibility of making current, in-demand ICT training courses available to the Filipino workforce and students.

As the country embarks on a path to recovery, a significant portion of the local workforce either lost their jobs entirely or found themselves unable to meet the technological demands of the current job market. In this “new normal,” establishing a new and sustainable means of income generation through stable employment is proving more difficult than in previous years.

To address these issues, the DICT intends to upskill and reskill the country’s people and to offer additional work possibilities for citizens of all ages and levels of education. To assist Filipinos with limited financial means to participate in this project, a scholarship system will be made available through a criterion-based candidate selection procedure.

In addition, the DICT is proposing a safety measure for the internet protection of vulnerable sectors, including members of the Lesbian, Gay, Bisexual, Transgender, Queer, and More (LGBTQ+) community. During a hearing held by the Philippines Senate committee on women, children, family relations, and gender equality last month, the DICT underlined the proliferation of prejudice on online platforms due to the increased usage and reliance on technology.

The DICT feels that further safety measures should be implemented to ensure that Filipinos are not subjected to online discrimination and that doing so will help not only LGBTQ individuals but all those who are vulnerable to online harassment. The DICT has also endorsed the proposed Sexual Orientation, Gender Identity or Expression, or Sexual Characteristics (SOGIESC) Equality Act.

PARTNER

Qlik’s vision is a data-literate world, where everyone can use data and analytics to improve decision-making and solve their most challenging problems. A private company, Qlik offers real-time data integration and analytics solutions, powered by Qlik Cloud, to close the gaps between data, insights and action. By transforming data into Active Intelligence, businesses can drive better decisions, improve revenue and profitability, and optimize customer relationships. Qlik serves more than 38,000 active customers in over 100 countries.

PARTNER

As a Titanium Black Partner of Dell Technologies, CTC Global Singapore boasts unparalleled access to resources.

Established in 1972, we bring 52 years of experience to the table, solidifying our position as a leading IT solutions provider in Singapore. With over 300 qualified IT professionals, we are dedicated to delivering integrated solutions that empower your organization in key areas such as Automation & AI, Cyber Security, App Modernization & Data Analytics, Enterprise Cloud Infrastructure, Workplace Modernization and Professional Services.

Renowned for our consulting expertise and delivering expert IT solutions, CTC Global Singapore has become the preferred IT outsourcing partner for businesses across Singapore.

PARTNER

Planview has one mission: to build the future of connected work. Our solutions enable organizations to connect the business from ideas to impact, empowering companies to accelerate the achievement of what matters most. Planview’s full spectrum of Portfolio Management and Work Management solutions creates an organizational focus on the strategic outcomes that matter and empowers teams to deliver their best work, no matter how they work. The comprehensive Planview platform and enterprise success model enables customers to deliver innovative, competitive products, services, and customer experiences. Headquartered in Austin, Texas, with locations around the world, Planview has more than 1,300 employees supporting 4,500 customers and 2.6 million users worldwide. For more information, visit www.planview.com.

SUPPORTING ORGANISATION

SIRIM is a premier industrial research and technology organisation in Malaysia, wholly-owned by the Minister​ of Finance Incorporated. With over forty years of experience and expertise, SIRIM is mandated as the machinery for research and technology development, and the national champion of quality. SIRIM has always played a major role in the development of the country’s private sector. By tapping into our expertise and knowledge base, we focus on developing new technologies and improvements in the manufacturing, technology and services sectors. We nurture Small Medium Enterprises (SME) growth with solutions for technology penetration and upgrading, making it an ideal technology partner for SMEs.

PARTNER

HashiCorp provides infrastructure automation software for multi-cloud environments, enabling enterprises to unlock a common cloud operating model to provision, secure, connect, and run any application on any infrastructure. HashiCorp tools allow organizations to deliver applications faster by helping enterprises transition from manual processes and ITIL practices to self-service automation and DevOps practices. 

PARTNER

IBM is a leading global hybrid cloud and AI, and business services provider. We help clients in more than 175 countries capitalize on insights from their data, streamline business processes, reduce costs and gain the competitive edge in their industries. Nearly 3,000 government and corporate entities in critical infrastructure areas such as financial services, telecommunications and healthcare rely on IBM’s hybrid cloud platform and Red Hat OpenShift to affect their digital transformations quickly, efficiently and securely. IBM’s breakthrough innovations in AI, quantum computing, industry-specific cloud solutions and business services deliver open and flexible options to our clients. All of this is backed by IBM’s legendary commitment to trust, transparency, responsibility, inclusivity and service.