One of the oldest institutions in the Philippines, Ateneo de Manila University, has partnered with the MediXserve company to launch the first Ateneo MediXserve Blockchain Education and Research laboratory (shortly – AMBER). They will not only study the technology, but apply it for the greater good as well – to ameliorate the national quality of life.
It is planned that AMBER will be both a scientific center and a business incubator for startups that use DLT in the Philippines and in other third-world countries. Representatives noted that blockchain ensures the transparency, it makes transactions safer, reduces costs when signing contracts and administrative expenses – this is why they are aiming to use it for the public weal.
As Dr. Maria Luz Vilches, vice-president of Loyola Schools, stated, “I think it’s great that such a project is not started for profit, but is aimed at gaining knowledge about the DLT that can reduce poverty in the country.”