BayaniChain, a tech venture firm, is advocating the use of digital assets, localized blockchain, and other Next-gen tech to realize the full potential for mainstream use.

“The more these new tools are used by real people, the better we can develop them and reap the benefits,” said Paul Soliman, co-founder and CEO of BayaniChain, during the recent LBank and Friends Manila meet. “While we push for practical use cases, we are also continuously working on ways to bridge the current web to the decentralized webspace to show people that the future is now and for everyone.”

BayaniChain is a blockchain-based ecosystem in the Philippines with a primary focus on enhancing accessibility through simplified infrastructures to onboard users into next-generation technologies and digital assets adoption.

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Soliman emphasized that the full potential of digital assets cannot be sufficiently explored unless widespread adoption is achieved. He pointed out that one of the main hurdles to widespread adoption is the lack of decentralized accounts among the majority of people. A decentralized account allows users to access digital assets and engage in the blockchain network within the decentralized webspace.

Blockchain week

BayaniChain will participate in the upcoming Philippine Blockchain Week (PBW) 2023 in September to showcase its latest apps and demonstrate the capabilities of Next Generation Technology in addressing real-life scenarios.

The main feature of BayaniChain’s presentation will be its app called “R-Wards,” which enables businesses to tokenize digital assets for enhanced brand loyalty through membership and loyalty programs within the Next-gen Web ecosystem, creating new opportunities for potential revenue and operational advantages.

The Philippine Blockchain Week aims to bring together relevant government departments, next-gen tech companies, and well-known figures from the blockchain world to learn about the real-world applications of blockchain tech and understand how it can be harnessed to solve persistent issues and uplift lives. This year’s theme is “BRKOUT!” to encourage participants to break out of their comfort zones and embrace new opportunities in the blockchain space.

Started in 2022, PBW is a tech conference with the goal of establishing the country as the blockchain capital of Asia by empowering businesses to leverage new trends and technologies that will help them future-proof themselves in the increasingly digital business environment. This year’s conference will take place at the Marriott Grand Ballroom, Newport World Resorts in Pasay City from September 18th to 22nd, 2023.