DICT signs deal with US-based firm for promotion of blockchain tech


Posted at Jun 19 2019 08:31 PM

MANILA - The Department of Information and Communications Technology (DICT) on Wednesday signed a deal with a US-based firm for promotion of blockchain technology in the country.

Under the deal, American company Monsoon will provide complimentary consultation, cost-benefit and socio-economic analysis on the use of blockchain in the country, the DICT said in a statement.

“This partnership will directly benefit our continuous effort to address the country’s issues on ease of doing business and cybersecurity,” Acting Secretary Rio said. 

Acting secretary Eliseo Rio and Monsoon CEO Donald Basile signed the MOA Wednesday. 

-- with a report from Bruce Rodriguez, ABS-CBN News