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DICT Taps Coins.ph for Blockchain 101 Webinar

Photo for the Article - DICT Taps Coins.ph for Blockchain 101 Webinar

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Editing and Additional Reporting by Nathaniel Cajuday

  • The Department of Information and Communications Technology (DICT) partnered with Coins.ph to conduct a “Blockchain 101: Blockchain for Beginners.”
  • The webinar was inaugurated in line with SET PH, a DICT initiative focused on technologies like data analytics, artificial intelligence, and blockchain technology.
  • During the webinar, Coins.ph’s Eprom Galang and Franco Araneta, who talked about NFTs and fundamental principles of cryptocurrency and blockchain technology, respectively.

The Department of Information and Communications Technology (DICT) has partnered with e-wallet and cryptocurrency exchange Coins.ph to conduct its inaugural “Blockchain 101: Blockchain for Beginners” webinar. The event aimed to educate individuals with little or no knowledge about blockchain technology.

The “Blockchain 101: Blockchain for Beginners” Webinar

To keep up with the increasing popularity and use cases of blockchain, the webinar was made to promote and sustain the growth of emerging technologies in the country, according to the executive department. The event revolved around topics such as cryptocurrencies, blockchain, non-fungible tokens (NFTs), and web3 wallets.

Moreover, “Blockchain 101: Blockchain for Beginners” was created in line with Stimulating the Growth of Emerging Technologies in the Philippines (SET PH), a DICT initiative focused on technologies like data analytics, artificial intelligence (AI), and blockchain technology.

Photo for the Article - DICT Taps Coins.ph for Blockchain 101 Webinar

Event Discussion

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The opening remark of the webinar was delivered by Reynaldo Sy, the regional director of DICT Region 3, ‌who spoke on the significance of adopting cryptocurrency in the Philippines, setting the tone for the event that focused on educating attendees about the potential of emerging technologies.

“This activity aims to teach students about cryptocurrencies, blockchain technology, non-fungible tokens, play-to-earn, and even web3 wallets. Cryptocurrency is unquestionably a haven when compared to traditional finance,” Sy emphasized.

Photo for the Article - DICT Taps Coins.ph for Blockchain 101 Webinar

The first topic was about the fundamental principles of cryptocurrency and blockchain technology, discussed by Coins’ Social Media and Community Manager Franco Araneta. He explained how these emerging technologies differ from traditional banking methods, and highlighted their benefits, such as enhanced security, transparency, and cost efficiency.

Araneta also advised the attendees that they must use and transact with Bangko Sentral ng Pilipinas (BSP)-licensed exchanges when engaging with crypto to guarantee that all their transactions are secure and legitimate. 

“This is still a very new space and there’s a lot to learn. And I think one of the most important tools that I always mention is to D-Y-O-R, do your own research. The more knowledge you have about the space, the better you can navigate it. So I just want everyone to please don’t stop your learning,” the social media and community manager stressed. 

Photo for the Article - DICT Taps Coins.ph for Blockchain 101 Webinar

Moreover, Coins.ph General Manager Eprom Galang provided insights into non-fungible tokens (NFTs) during the webinar. He discussed the real-world benefits of NFTs, such as intellectual property (IP) ownership, asset provenance, and interoperability. 

“This technology has a lot to bring to us, whether it’s in terms of gaming, in terms of trading, or in terms of just making things easier, such as payments. So I hope you guys continue to learn more about it,” Galang concluded. 

Photo for the Article - DICT Taps Coins.ph for Blockchain 101 Webinar

The webinar ended with a closing remark from Petronilo Villafuerte, the Technical Operations Division Chief of DICT Region 3, ‌who expressed his gratitude towards Coins.ph for their support in organizing the event. The chief acknowledged the platform’s efforts in sharing their expert knowledge on emerging technologies with the attendees.

“With the success of the first ‘Blockchain 101: Blockchain for Beginners’ webinar, Coins.ph and DICT hopes to create more sessions to allow more Filipinos to educate themselves on the benefits and trends of the crypto industry,” Coins.ph wrote in a statement.

Photo for the Article - DICT Taps Coins.ph for Blockchain 101 Webinar

Other Education and Web3 Initiatives

Aside from the “Blockchain 101: Blockchain for Beginners” webinar, both Coins.ph and the DICT have their own projects promoting the education and adoption of crypto and blockchain technology. 

Coins.ph has “Coins Academy.” It is accessible through its website, which features various educational resources on topics such as cryptocurrencies, blockchain technology, and financial management. The platform offers articles, videos, and tutorials. 

The aim of Coins Academy is to offer educational resources to enable Filipinos to gain the knowledge and skills required to navigate the emerging landscape of digital finance. 

In 2021, the DICT featured cryptocurrency and blockchain during their National ICT Month that year. The event also featured various online activities that can be viewed on DICT’s social media pages. The department was also said to invite blockchain experts as the event’s speakers and moderators to educate the public on how blockchain works and how its impact can provide the country with new opportunities and help it reach its digital transformation goals.

The DICT also had “Connect, Harness, Innovate, and Protect” or the CHIP Program, which aimed to improve the country’s readiness for full and inclusive participation in the global digital economy. 

Last year, the DICT, along with the Department of Trade and Industry (DTI), led the launch of the Philippine Fintech Festival (PFF), which gathered more than 200 key leaders in the web3 industry to discuss the impact of fintech, especially in Southeast Asia. 

Moreover, DTI Secretary Alfredo E. Pascual and DICT Secretary Ivan John Uy headlined the Philippine Blockchain Week last November.

The DICT is also managing the Philippines’ Cybercrime Investigation and Coordinating Center (CICC). In September last year, the center partnered with cryptocurrency exchange Binance to conduct the “Cryptocurrency and Cybersecurity Training” seminar in Quezon City, with law enforcement agencies. The CICC also launched the National Cybercrime Hub with the support of Binance. 

The DICT was also one of the organizers of the Global Blockchain Summit (GBS) that happened in Balanga, Bataan, last year. The event concluded with the private sector, both from web2 and web3 firms, joining officials from the local and national government to showcase their statement of solidarity to lend a hand in creating a blockchain and web3-enabled Philippines.

BitPinas was one of the media partners of GBS 2022. Check out our event recap during the two-day event:

This article is published on BitPinas: DICT Taps Coins.ph for Blockchain 101 Webinar

Disclaimer: BitPinas articles and its external content are not financial advice. The team serves to deliver independent, unbiased news to provide information for Philippine-crypto and beyond.