The post Blockchain Social Philippines highlights: Asia is powering up blockchain revolution appeared on BitcoinEthereumNews.com.

While it is an undeniable feat to become the first-ever nation to fully harness the capabilities of blockchain technology, the priority of countries in Asia goes beyond this. width=”562″ height=”315″ frameborder=”0″ allowfullscreen=”allowfullscreen”> The Blockchain Social Philippines event held at the Manila House Private Club in Bonifacio Global City, Taguig, in November saw experts, enthusiasts, and tech disruptors gather to cement their commitment to further innovation through blockchain technology with an aim to develop industries, promote inclusion across sectors, and bridge economic divide. Asia is a favorable region in terms of blockchain adoption, thanks to its active gamers, who are being seen as critical players that will help drive the technology into the mainstream. “So, the Philippines, for example…this market has become like a growing hub for gamers,” said Global Impact Fintech (GIFT) ASEAN Vice Chair Nicole Nguyen. The booming Asian gaming market isn’t the only one interested in exploring blockchain, with Elevandi Japan co-founder and CEO Takeshi Kito saying there has been growing interest in the technology among various industries over its ability to provide greater transparency. “Blockchain can create more transparent and maybe cheaper financial services, so that will be huge value,” he pointed out. Kito believes that more industries will jump into the blockchain revolution as governments and industry players further showcase what the technology can do, which will trigger a positive response from the public and would lead to sectors getting into Web3. “Actually, the Japanese government is also pushing Web3 technology and its development, but of course, we still have some challenges such as tax issue and regulation, and we also need to educate the public and the general people,” Kito said on the sidelines of networking event powered by nChain. While governments have launched initiatives pushing for blockchain mass adoption, the private sector has been lending a hand to ensure their success, and UNISOT is among those who took the initiative to…

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Filed under: News - @ December 22, 2023 5:12 pm