Manila, Philippines to combat poverty with blockchain

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3 months ago
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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.”