News Snapshot:
A blockchain technology can make the Philippines the financial technology (fintech) capital of Asia. Blockchain, or distributed ledger technology that enables the existence of cryptocurrency among other things, is a method of passing information from one terminal to another in a fully automated and secure manner. One party to a transaction initiates the process by creating a block. House Bill 7864, or the Blockchain Technology Development Act, seeks to legally recognize and regulate the system. With blockchain, transaction costs for money transfers and other financial services will be cheaper for Filipinos. It will make transactions secure and the records highly...
