BCB Blockchain Partners With DOST, PH Universities, Announces Php 15M Fund

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November 21, 2019  – Singapore-based BCB Blockchain announces its commitment to support incubators and startup accelerators under the Department of Science and Technology (DOST) through a Php 15 million fund. The SG tech firm also signs partnerships with various universities to finance and support these schools’ researches, projects, and developments.

Partnership with DOST

During the 3rd National Technology Business Incubator Summit (TBI Summit) at the Crowne Plaza Manila, BCB Blockchain signed a Memorandum of Agreement (MoA) with the Philippine Council for Industry, Energy and Emerging Technology Reseach and Development (PCIEETRD) – DOST, signifying BCB’s agreement to collaborate with the Philippine government in the development of local startups through its local fund and its blockchain technology protocol in creating smart city projects.

Dr. Enrico C. Paringit, Executive Director of the PCIEERD-DOST said the department is enthused to have this collaboration, as well as BCB’s eagerness to share their expertise in blockchain technology, venture building, and local startup acceleration.

Partnership with Philippine Universities

BCB Blockchain also signed partnerships with various universities and tech incubator across the country to reinforce its commitment to work closely with its academic partners in areas such as co-incubation of projects, research and development, seminars, trainings, promotional activities, competitions, hackathons, as well as collaborative efforts for smart city and blockchain development.

University and Tech Incubator Partners

  1. Far Eastern University
  2. De La Salle University Manila
  3. Technological Institue of the Philippines
  4. Adamson University
  5. Holy Angel University
  6. Batangas State University
  7. Technological University of the Philippines – Visayas
  8. University of Southeastern Philippines
  9. Caraga State University
  10. Mindanao State University – Iligan Institute of Technology
  11. Siliman University
  12. QBO Innovation Hub

These joint efforts aim to engage researchers, startups, and community members to use the BCB (Building Cities Beyond) Blockchain Platform and its technologies to create smart city solutions.

Douglas Gan, Chief Executive Officer of BCB Blockchain said providing DOST, universities, and business incubators with the technical knowledge and resources will deepen their competencies in designing and developing applications and projects for smart cities. “We will guide and provide them the access to hand-on workshops, funding, materials, events, and technical support,” he said.

BCB announces the BCB Education Initiative – competitions, hackathons, and bug bounty programs that will be launched in 2020.

Collaboration with R3D for “DigiCerts”

BCB also announces it is collaborating with Australian-listed R3D Global to push the adoption of “DigiCerts” – a tamper-resistant system on the blockchain to replace paper certificates and of course reduce certificate fraud.

Because of the number of certificate fraud rising in recent years, BCB’s goal with R3D is to “build a secure and publicly accessible registry of academic qualifications for universities in the Philippines and in Asia,” said Vanessa Koh, CTO of BCB Blockchain.

BCB Blockchain is a co-sponsor of the TBI Summit, the main event of the 2019 Philippine Startup Week, also sponsored and organized by QBO Innovation Hub, Department of Science and Technology (DOST), Department of Trade and Industry (DTI), and the Department of Information and Communication Technology (DICT).

This article is published on BitPinas: BCB Blockchain Partners With DOST, PH Universities, Announces Php 15M Fund

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