“From a long-term viewpoint, we are at the stage that overheated perceptions have normalized and the industry can be perceived from a more rational point of view, making it the right time to set up proper structures for blockchain and cryptocurrencies.”
![Emerson Fonseca, Paylance and NEM PH, [PH 2019 Crypto & Blockchain Year in Review]](https://bitpinas.com/wp-content/uploads/2019/12/2019-Blockchain-and-Crypto-Philippines-10-3-768x402.png "Emerson Fonseca, Paylance and NEM PH, [PH 2019 Crypto & Blockchain Year in Review] 2")
Emerson Fonseca: I still personally look forward for more blockchain awareness as well as more mainstream consciousness when it comes to cryptocurrency investing
![Gail Macapagal, DynaQuest [PH 2019 Crypto & Blockchain Year in Review]](https://bitpinas.com/wp-content/uploads/2019/12/2019-Blockchain-and-Crypto-Philippines-11-3-1-768x402.png "Gail Macapagal, DynaQuest [PH 2019 Crypto & Blockchain Year in Review] 3")
Gail Macapagal: The most important development is that people are starting to become interested and are slowly open to Blockchain adaption.
![Lance Pormarejo, Gameworks.io [PH 2019 Crypto & Blockchain Year in Review]](https://bitpinas.com/wp-content/uploads/2019/12/2019-Blockchain-and-Crypto-Philippines-13-3-768x402.png "Lance Pormarejo, Gameworks.io [PH 2019 Crypto & Blockchain Year in Review] 4")
Lance Pormarejo: I look forward to the development of more use-cases within the industry. Use-cases that are viable and solve an actual problem while truly utilizing blockchain technology.
![Randy Knutson, DynaQuest [PH 2019 Crypto & Blockchain Year in Review]](https://bitpinas.com/wp-content/uploads/2019/12/2019-Blockchain-and-Crypto-Philippines-7-3-1-768x402.png "Randy Knutson, DynaQuest [PH 2019 Crypto & Blockchain Year in Review] 5")
Randy Knutson: Blockchain will also be an important factor in being the backbone of information and communications capabilities of e-government offices based on statistics, lawmakers and disaster preparedness as they will use advanced analytics to make informed decisions based on the smart city framework for information and governance indexes.
![Peter Ing, BlockchainSpace [PH 2019 Crypto & Blockchain Year in Review]](https://bitpinas.com/wp-content/uploads/2019/12/2019-Blockchain-and-Crypto-Philippines-6-3-1-768x402.png "Peter Ing, BlockchainSpace [PH 2019 Crypto & Blockchain Year in Review] 6")
Peter Ing: As a sector overarching player, we have felt the challenges in the Philippines first-hand. We constantly strive to look for ways to support the industry and look for viable business models ourselves.
![Myrtle Ramos, Block Tides [PH 2019 Crypto & Blockchain Year in Review]](https://bitpinas.com/wp-content/uploads/2019/12/2019-Blockchain-and-Crypto-Philippines-5-3-768x402.png "Myrtle Ramos, Block Tides [PH 2019 Crypto & Blockchain Year in Review] 7")
Myrtle Ramos: Overall, the next year is shaping up to be crucial for the blockchain technology and digital assets ecosystems.
![Isabel Laurel, Coinfemme [PH 2019 Crypto & Blockchain Year in Review]](https://bitpinas.com/wp-content/uploads/2019/12/2019-Blockchain-and-Crypto-Philippines-4-3-1-768x402.png "Isabel Laurel, Coinfemme [PH 2019 Crypto & Blockchain Year in Review] 8")
Isabel Laurel: I hope the Philippines snaps out of the waiting game and recognizes opportunity loss for bringing business to our exigent economy. I think that the big no longer beats the small- it’s the fast beats the slow these days.
I believe that the scope and framework for the Philippine Smart Regions are already in place: We have regions that have their economic identity based on geography, abundance of natural resources and their domestic or international export commodities.
By Atty. Rafael Padilla: For the legal nerds, this year’s centerpiece is R.A. 11453, the Amended AFAB Charter. This new law which was enacted by Congress last August 2019 quietly introduced the term “cryptocurrency” for the first time in the Philippine legal system.
