Blockchain technology offers a secure and tamper-proof solution for storing personal data, particularly for national ID systems, which has raised concerns about privacy and surveillance.
As 2021 is a period seen as a recovery stage from the pandemic, forces like the PHILSYS are looking to expand the country’s economic and financial inclusiveness that will benefit the country for long-term.
What is PHILSYS and what are the latest developments around it? Learn more about the Philippine National ID program in this article.
The Memorandum of Understanding (MoU) is for using blockchain tech in the creation of a national ID system, transport management, and trade financing.