25/11/19 08:30 UTC-5

DOST Philippines and BCB Blockchain are working on the development of smart-cities

Singapore Building Cities Beyond (BCB) BlockchainBlockchain
is a continuous and sequential block chain of information (digital linked list). When building a blockchain, copies of related blocks are simultaneously stored on multiple computers.Details
has signed a MoA with a branch of the Philippines Department of Science and Technology (DOST) to support the development of local smart-cities.


The development of smart-cities in the Philippines

According to a press release, BCB Blockchain has funded $300,000 to support startups in the Philippines. The agreement states that BCB's investment will be regulated by the Philippines' Department of Science and Technology (DOST).

The MOA confirms that BCB Blockchain will do its best in collaboration with the Philippine government to drive startup and project progress.

The company will strive to achieve its goal, using the capital of its foundation and the experience of its blockchain network to develop smart-city projects.

Interesting in the section: Indonesian HARA startup has implemented a blockchain for farmers

  • BCB Blockchain will also work on various other achievements, including promotional activities, the growth of technical communities, mentoring in important projects along with financing and access to global markets after the projects are commercialized.

See also: "The F1 Delta Time racing blockchain game is launching an NFTs token auction"

#smartcity #Philippines #blockchain #cryptocurrency

Editor: Yuliya Soroka