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The Philippines’ Department of Trade and Industry signs MoA on blockchain

The Department of Trade and Industry (DTI) signed a Memorandum of Agreement (MOA) with a US-based company that provides blockchain-based cloud data storage optimisation service on 19 June 2019.

According to a recent press release, the MOA will enhance capacity building and institutional development of the effective use of blockchain technology in the Philippines.

The Agreement on blockchain

The partnership aims to promote the use of blockchain in facilitating ease of doing business and addressing cybersecurity issues in the country.

Through this partnership, the government will be more equipped with information on the potentials and impact of blockchain technology in doing business in the Philippines.

The company will be providing the Department with complimentary consultation, advice, cost-benefit and socio-economic analysis on the use of blockchain technology in the country.

Moreover, this will cover blockchain’s impact on trade, regulations, and service delivery.

The company will also conduct a needs assessment and recommend an actionable proposal on how the Department can utilise the blockchain technology effectively on its programs and projects.

For their end, the Department will be assigning and delegating a team of experts to work with the company in relation to the partnership.

Both parties also agreed to support the advocacy programs on promotion of blockchain technology and cybersecurity through information dissemination and capacity-building activities.

They want to ensure partners, investors, and MSMES that the Philippines is ready to address  cybersecurity issues as well as keep up with the fast-paced international digital trends.

Partnering with an industry expert, who had made their mark in blockchain technology, will help the Department in that area.

The Philippines as an AI powerhouse

In other news, the Department of Trade and Industry Secretary Ramon Lopez recently discussed with the University of the Philippines School of Economics Alumni Association (UPSEAA) the potential of the country to become an artificial intelligence (AI) powerhouse.

In a talk on the Philippines’ current business climate, and the industry development initiatives of the Department, the trade chief highlighted the country’s abundant human capital.

He was pertaining to the graduates of science and engineering as well as the non-technical.

AI as an equaliser

AI can become a great equaliser where the educated, highly skilled, and highly motivated young population can make their mark.

Everyone has a place under this new industrial regime, regardless of educational level, or background, or interest.

Several applications for AI were highlighted such as in agriculture, healthcare, finance, retail, transport, and smart cities.

AI software revenue by industry is expected to reach more than US$ 100 billion by 2025 while global AI business value is projected to reach US$ 5.8 trillion by 2022.

The Secretary also shared the working framework for the formulation of the Philippine AI Strategy.

Support will be obtained from various stakeholders from national, regional, and local champions from schools and universities across the country as well as from industry giants.

Meanwhile, highlights and key elements of the inclusive, innovation-led, industrial strategy (i3S) were shared.

This initiative aims at growing innovative and globally competitive manufacturing, agriculture, and services while strengthening their linkages into domestic and global value chains.

The Government connects stakeholders and integrate the country’s innovation and entrepreneurship ecosystem through the Regional Inclusive Innovation Centres (RIICs) present in different parts of the country.

PARTNER

Qlik’s vision is a data-literate world, where everyone can use data and analytics to improve decision-making and solve their most challenging problems. A private company, Qlik offers real-time data integration and analytics solutions, powered by Qlik Cloud, to close the gaps between data, insights and action. By transforming data into Active Intelligence, businesses can drive better decisions, improve revenue and profitability, and optimize customer relationships. Qlik serves more than 38,000 active customers in over 100 countries.

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CTC Global Singapore, a premier end-to-end IT solutions provider, is a fully owned subsidiary of ITOCHU Techno-Solutions Corporation (CTC) and ITOCHU Corporation.

Since 1972, CTC has established itself as one of the country’s top IT solutions providers. With 50 years of experience, headed by an experienced management team and staffed by over 200 qualified IT professionals, we support organizations with integrated IT solutions expertise in Autonomous IT, Cyber Security, Digital Transformation, Enterprise Cloud Infrastructure, Workplace Modernization and Professional Services.

Well-known for our strengths in system integration and consultation, CTC Global proves to be the preferred IT outsourcing destination for organizations all over Singapore today.

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Planview has one mission: to build the future of connected work. Our solutions enable organizations to connect the business from ideas to impact, empowering companies to accelerate the achievement of what matters most. Planview’s full spectrum of Portfolio Management and Work Management solutions creates an organizational focus on the strategic outcomes that matter and empowers teams to deliver their best work, no matter how they work. The comprehensive Planview platform and enterprise success model enables customers to deliver innovative, competitive products, services, and customer experiences. Headquartered in Austin, Texas, with locations around the world, Planview has more than 1,300 employees supporting 4,500 customers and 2.6 million users worldwide. For more information, visit www.planview.com.

SUPPORTING ORGANISATION

SIRIM is a premier industrial research and technology organisation in Malaysia, wholly-owned by the Minister​ of Finance Incorporated. With over forty years of experience and expertise, SIRIM is mandated as the machinery for research and technology development, and the national champion of quality. SIRIM has always played a major role in the development of the country’s private sector. By tapping into our expertise and knowledge base, we focus on developing new technologies and improvements in the manufacturing, technology and services sectors. We nurture Small Medium Enterprises (SME) growth with solutions for technology penetration and upgrading, making it an ideal technology partner for SMEs.

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HashiCorp provides infrastructure automation software for multi-cloud environments, enabling enterprises to unlock a common cloud operating model to provision, secure, connect, and run any application on any infrastructure. HashiCorp tools allow organizations to deliver applications faster by helping enterprises transition from manual processes and ITIL practices to self-service automation and DevOps practices. 

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IBM is a leading global hybrid cloud and AI, and business services provider. We help clients in more than 175 countries capitalize on insights from their data, streamline business processes, reduce costs and gain the competitive edge in their industries. Nearly 3,000 government and corporate entities in critical infrastructure areas such as financial services, telecommunications and healthcare rely on IBM’s hybrid cloud platform and Red Hat OpenShift to affect their digital transformations quickly, efficiently and securely. IBM’s breakthrough innovations in AI, quantum computing, industry-specific cloud solutions and business services deliver open and flexible options to our clients. All of this is backed by IBM’s legendary commitment to trust, transparency, responsibility, inclusivity and service.

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