Blockchain Council of the Philippines Welcomes Advisory Board, to Launch PH Blockchain Report

The Blockchain Council of the Philippines (BCP) introduced its new advisory board at the BCP Annual General Membership Meeting 2024. The board includes leaders from licensed crypto exchanges in the country.

What’s the significance: The new advisory board addresses a common concern that some in the council leadership are not actively working in blockchain but nevertheless have the network and influence to effect policy change and new initiatives.

By including these industry experts, particularly from local crypto exchanges, the council aims to better represent and support the blockchain community.

New Advisory Board Members:

• Wei Zhou, CEO of Coins.ph
• Nichel Gaba, CEO of Philippine Digital Asset Exchange (PDAX)
• Jay Ricky Villarante, Chairman and CEO of Moneybees
• Raymond Babst, President and CEO of DA5

Babst, Villarante, and Gaba were present in the General Assembly Meeting where new members are also inaugurated. Zhou was in Malaysia for the Solana Summit.

Key Initiative: BCP will launch the Philippine Blockchain Report to promote blockchain use and ethical practices, involving government and industry leaders in solving key issues. [Read more: Blockchain Council of the Philippines Welcomes New Members]

Key quote:

“The Blockchain Council of the Philippines will concentrate on promoting blockchain adoption across various industries. This initiative aims to involve government entities and council members in discussions addressing specific issues. Additionally, with active government participation, the council will introduce the Philippine Blockchain Report, a comprehensive document designed to enhance the country’s blockchain ecosystem by attracting more investors and fostering ethical use cases.”

Paul Soliman, Bayanichain

Upcoming events:

• PBWx 2024 Events:
  • Davao: July 29-30
  • Bacolod: August 23-24
  • Bataan: September 26-27
  • Manila: October
  • Aim: Expand blockchain influence beyond Manila, working with the Department of Information and Communications Technology (DICT) and local governments.
• Philippine Blockchain Week 2025:
  • Early bird bonus: Sponsors get full value at all PBWx 2024 events for free.
  • Discount: 20% off sponsorship rates for signing up by July 15, 2024.
  • Payment plan: 30% due at signing, 60% by January 31, 2025, and 10% after the event.

Other initiatives include NFT memberships and a new version of the annual Philippine Block Awards.

Big picture: The Philippine Blockchain Week has become an important event, attracting leaders and featuring education and government initiatives. It ran for two years – 2022 and 2023.

However: The 2023 event faced issues when the “Miss Universe Coin” was introduced without a clear connection to the Miss Universe brand.

What’s next: The upcoming events will see the Philippine Blockchain Week come to different places in the Philippines. Additionally, the Philippine Blockchain Report could be the first of its kind to be published by an industry organization.

This article is published on BitPinas: Blockchain Council of the Philippines Welcomes Advisory Board, to Launch PH Blockchain Report

Editing by and additional information from Michael Mislos

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