PH blockchain council aims to fastrack Web3 adoption in PH

At the Launch Mixer event held recently, the Blockchain Council of the Philippines (BCP) showcased its efforts in promoting Web3 adoption. 

BCP outlined its plans to drive blockchain adoption in the country, aiming to engage with various stakeholders and educate Filipinos on the technology. The goal is to integrate blockchain technology securely and responsibly into everyday life. The group also aspires to position the Philippines as the Blockchain capital of Asia.

To speed up Web3 adoption, the BCP will soon open the council for membership, with the formal induction process set to commence next month. 

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According to a report by Capstone Intel Corp. presented by Dr. Guido David, there is an increasing interest in cryptocurrency among financially capable individuals, with a majority relying on social media for information.

Investing in digital assets

Among the more than 1,000 respondents, 28% of financially capable individuals aged 25 to 34, and 22% aged 18 to 24, expressed involvement in cryptocurrency. Some 88% of respondents depend on social media for cryptocurrency information, seeking news and insights from experts and influencers. The majority expressed a strong interest in learning about various digital assets to understand the process of investing and mitigate risks.

BCP aims to educate, engage, and collaborate with various stakeholders in the Philippine Blockchain ecosystem, including government bodies, Web3 developers, businesses, civil society organizations, NGOs, and the Filipino population as a whole. The objective is to ensure the safe, secure, and responsible integration of Blockchain technology into the everyday lives of individuals across the nation.

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