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PGB signs MOU with global blockchain leader nChain

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PGB signs MOU with global blockchain leader nChain

Man signing a business contract concept representing PGB signing MOU with global blockchain leader nChain

The Provincial Government of Bataan (PGB) recently signed a Memorandum of Understanding (MOU) with global blockchain leader NChain with the objective of laying down the framework for the establishment of a digital platform for the province in order to streamline current systems and procedures of government services.

Signed by Bataan Governor Joet Garcia and NChain AG Chairman, Stefan Matthews, the MOU is pursuant to Republic Act No. 11032 also known as the Ease of Doing Business and Efficient Government Service Delivery Act of 2018. This partnership aims to digitalize the operations of the PGB.

NChain’s Stefan Matthews said, ‘NChain is committed to partnering with governments around the world to digitally transform their economies. Through this memorandum of understanding with Bataan, we are thrilled to begin propel the state forward by providing expert advice and blockchain-based solutions for the digitization of the state services, products, and processes using our robust intellectual property rights portfolio. With BSV blockchain powered by NChain, Bataan can look forward to an efficient, secure, and transparent system in digitalizing various branches and agencies of the state, providing better services and products for its people.’

For his part, Governor Garcia lauded the partnership that will utilize NChain’s ‘cutting-edge blockchain technology and improve the efficiency and transparency of our government operations, as well as provide innovative, secure and accessible online services to our citizens.’

He added, ‘We are excited to be at the forefront of the implementation of blockchain technology in government services. This partnership with NChain will greatly benefit our citizens by providing them with fast and secure access to government services, while also ensuring the integrity of these services.

More than that, the Governor emphasised that ‘the technology will improve the transparency and accountability of government operations, as it provides tamper-proof record of all transactions.’

He also disclosed that the roll-out of this technology will happen in the coming months ‘as the Provincial Government of Bataan and NChain work hard to achieve our common goal of fully enabling blockchain technology in government services.’

He added, ‘We are confident that this strategic alliance will result in improved efficiency within the state’s operations and bring many innovative possibilities for the future.’

Founded in 2015 and with offices in London, United Kingdom; Zug, Switzerland; Ljubljana and Maribor, Slovenia; Stockholm, Sweden; and Manila, NChain unleashes the potential of blockchain technology through ongoing research and development of inventions, including the maintenance of a robust patent portfolio, and by offering software, IP licensing, and consulting services across several industries, including iGaming, supply chain, and finance.

NChain also offers solutions in the digital payment space, along with professional services that assist enterprises of all types to benefit from blockchain technology. NChain currently has almost 2,800 registered patent applications of which approximately 500 have been granted and is the developer behind the Bitcoin SV Node software, Teranode, LiteClient, Kensei and more.

Press Release

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