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Author Topic: Blockchain and how it's changing the various industries in the Philippines  (Read 94 times)
Bttzed03
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August 31, 2019, 09:43:58 AM
Merited by DarkStar_ (4), rosezionjohn (2), cabalism13 (1)
 #1

We all know that sooner or later, more and more companies in the Philippines will catch up to the technology we know as Blockchain. Some groups have started the movement already like RCBC and Union Bank for the banking industry. Lately, I've been reading some companies in other industries as well like Real Estate, Logistics, Notarization, and even in the Leisure & entertainment sector.


Check out these collection of articles about Blockchain/Crypto in the Philippines:
(summarized and added some input)

1. C Estates’ Blockchain-based Real Estate Platform is Ready to Disrupt

The company aims to ease the process of buying/selling real estates thru blockchain by Tokenizing real estate properties (Tokenization, as defined in the article, is a method of converting rights to a physical asset into a digital token). Di bale ang mangyayari ay ililista ng may-ari ang kanyang ari-arian sa digital platform kasama lahat ng detalye. Kung ang isang property ay worth 5 million pesos, it will be converted into 5 million tokens kung halimbawa 1 token = 1 peso ang palitan. So far, iilan pa lamang nakita kong projects na ganito sa ibang bansa at mukhang isa pa lang ang may live platform (Max Property Group).


2. Blockchain-based Notarization and Legal Realities

Anyone who has gone thru the notarization process would know that it's somehow tedious. Kailangan pa pumunta physically sa opisina ng notarizing officer para matatakan at mapirmahan ang isang dokumento. Sa mga hindi pa nakakaalam, ang isang notarized document ay isa ng ganap na public document. With blockchain, pwede din maging "notarized" and isang dokumento. Sa ngayon, hindi pa ito adopted practice sa ating bansa pero baka mangyari din ito since may batas naman na Philippines’ E-commerce Law (Republic Act No. 8792). Nakasaad sa batas na pwede mag-adopt ang Supreme Court ng authentication procedure kabilang ang paggamit ng electronic notarization systems.

3. Blockchain Technology Has Created New Opportunities For the Philippine Logistics Industry

Ang logistics ang isa sa mga industriyang nakita kong makikinabang talaga sa blockchain technology kasi mas madali masundan ang galaw ng mga goods/products. With more transparency, sa tingin ko mas makakatipid din ang kumpanya sa cost of inventory audits.


4. BCB Blockchain Powers Payment Infrastructure Of Metro Manila’s Biggest Spa

Bilang parte ng Yatai City (Myanmar), kasama din ang Yatai Spa na susuportahan ng BCB Blockchain. More discussion on this thread




This thread will be updated from time to time...

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sheenshane
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August 31, 2019, 10:09:55 AM
Merited by cabalism13 (5), DarkStar_ (4)
 #2

Blockchain gives changes to those who adopt it and luckily our country (Philippines) was one of them.

You can check it here mate for adding companies on your OP list that using blockchain.
https://bitpinas.com/feature/blockchain-startups-philippines/

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Bttzed03
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August 31, 2019, 10:17:35 AM
 #3

-snip-

I actually created a thread about the blockchain directories a few months ago [NEWS] A List of Blockchain Businesses and Crypto Companies in the Philippines

The purpose of this thread is to highlight the integration of blockchain into different industries.

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August 31, 2019, 02:19:34 PM
 #4

May nabasa din akong article about marriage certificate "recorded" on the blockchain. Hindi na ako magtataka kung meron din gumawa dito nyan or may mag-offer ng ganyang serbisyo kagaya sa ibang bansa. Pareho lang din siguro yan yung sa notarization ng document. 

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Bttzed03
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September 02, 2019, 09:14:20 AM
 #5

May nabasa din akong article about marriage certificate "recorded" on the blockchain. Hindi na ako magtataka kung meron din gumawa dito nyan or may mag-offer ng ganyang serbisyo kagaya sa ibang bansa. Pareho lang din siguro yan yung sa notarization ng document. 

Hindi kaya it yun Prove the existence of documents using the Blockchain? Yes, isa nga yan sa pwedeng application pero baka matagalan pa bago may gumawa nyan dito dahil wala masyado market demand.


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