DLSU encourages Students to study Blockchain
The De La Salle University hosted the Business Law Conference 2018 last July 28 at the Teresa Yuchengco Auditorium. Experts and advocates of blockchain technology present at the event encouraged students from business and legal management to learn blockchain technology to become exposed to a wider range of career opportunities.
Blockchain technology is currently making waves across the globe. It is beginning to establish its presence in the Philippines, especially with experts proclaiming its diverse applications and its huge potential in contributing to national development.
In the event’s open forum, Atty. Rafael Padilla, Head of Legal and Compliance at fintech firm Satoshi Citadel Industries (SCI) Ventures, encouraged the audience of mostly students to study the technology and learn about the opportunities it may bring. As is with the case of the evolving technology of gadgets, he believes that the technology of blockchain will also continuously improve over time.
“I see that things are accelerating quickly… I challenge the entrepreneurs here to study this and understand the applications. The technology is something that you don’t need to understand in detail. You just have to understand what business cases you can develop and it’s up to you how to use that technology and be able to monetize it,” Atty. Padilla said.
NEM Philippines Head Emerson Fonseca gave a nod to Padilla’s statement and underlined the tremendous effort and passion of his team to generate awareness and impart blockchain education to students.
Blockchain hubs for NEM opened in countries such as Malaysia, Australia, and New Zealand. There is also a plan to launch one in the Philippines through the partnership with Cagayan Economic Zone Authority (CEZA). These hubs will aid as centers for both entrepreneurial activities and education.
Jin Gonzales, Business Development Director of the UnionBank of the Philippines explained the concept of blockchain and its uses during the event. He stated that blockchain innovation shows many factors that will support strong and successful utilization of the technology in the country. First is the availability of an aligned ecozone via CEZA that manages the growth and development of the Cagayan Special Economic Zone and Freeport. Second is the availability of banks utilizing the right technology, such as UnionBank.
According to Gonzales, UnionBank has the most number of APIs in Asia Pacific, with around 460 APIs. Apart from its existing network and services, there are also two new projects to set a base in token economy. A third factor is the country’s widely English-speaking community and its BPO sector.
“We want Filipinos to become number one in this blockchain technology,” said Nelson Valero, NEM.io Regional Head of New Zealand and Australia. “We are at the forefront of the race right now. We’re telling you to go and study it and make a business out of it. There are a lot of people who will benefit from this technology.”
“We’ve been trying to push for inclusive prosperity,” said Gonzales. “This technology would bring that forward.”
In addition, blockchain has applications in health, education, agriculture, retail, and others.
Reference: NEWSBYTES PHILIPPINES
ABOUT THE NEM BLOCKCHAIN PLATFORM
NEM is an “out-of-the-box”, enterprise-grade blockchain platform which launched in March 2015. NEM has industry leading blockchain features which include: multi-signature account contracts, customizable assets, a naming system, encrypted messaging, and an Eigentrust++ reputation system. Companies with legacy systems can “plug ‘n play” with NEM.
ABOUT THE NEM.io FOUNDATION LTD
NEM.io Foundation is registered in Singapore, operating globally. It was launched to promote NEM’s blockchain technology worldwide. It is one of the most well-funded and successful blockchain technology projects in the cryptocurrency industry.