Zetrix to Power Public Blockchain for Philippines Government
Zetrix's blockchain platform will serve as the backbone for the Philippines' public blockchain.
The Zetrix Layer-1 public blockchain platform has been selected to underpin the public blockchain infrastructure of the Philippines, following a Memorandum of Understanding (MOU) signed between Zetrix AI Berhad and the Philippine government. This initiative marks a significant expansion of Zetrix's ecosystem across the ASEAN region, positioning it as a key player in the development of sovereign-grade blockchain technology.
The MOU involves collaboration among Zetrix Philippines Inc., My Blockchain Infrastructure Sdn. Bhd., and the Department of Information and Communications Technology (DICT) of the Philippines. The primary goal is to implement and operationalize a public blockchain infrastructure that uses the Zetrix protocol, enhancing the issuance and verification of government credentials in a secure and efficient manner.
Henry R. Aguda, Secretary of DICT Philippines, stated, "Through this collaboration, we can make the verification of government-issued credentials more secure and efficient across systems." This development is particularly relevant as governments increasingly rely on blockchain technology for secure data management and transaction transparency.
Zetrix has been operational since April 2022, serving as the foundational chain for the Malaysia Blockchain Infrastructure. The platform has demonstrated its capabilities through various applications, including digital ID verification and customs clearance. The partnership in the Philippines is expected to focus on similar use cases, such as cross-border interoperability of national digital IDs and the digital authentication of government-issued documents.
This collaboration not only enhances Zetrix's presence in the Philippines, the world's 13th most populous nation, but also highlights its role in advancing digital government services. The company has been working with several major Philippine government agencies, including the Bureau of Internal Revenue and the National Bureau of Investigation, to help digital service delivery.
As blockchain technology continues to gain traction in the public sector, this partnership represents a crucial step towards improving the efficiency and security of government processes in the Philippines. The strategic implementation of Zetrix's blockchain infrastructure aims to simplify services for citizens and businesses alike, fostering greater trust in government-issued credentials.
The announcement was made public via PR Newswire, highlighting the importance of this initiative in the context of regional digital transformation efforts.
This is an independent summary of a press release originally distributed via PR Newswire. GAX Online was not paid for this coverage.
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