Philippine agency empowers youth with blockchain and NFT education

A Philippine government agency focusing on science and technology research and development is giving young people hands-on experience with cryptocurrencies, blockchain technology and non-fungible tokens (NFTs).

The Department of Science and Technology-Advanced Science and Technology Institute (DOST-ASTI) of the Philippines conducted a tech forum on Sept. 20 to engage youngsters in exploring the potential of blockchain technology.

According to the agency, next-generation technologies, such as artificial intelligence, blockchain and cybersecurity, are reshaping public and private institutions’ operations. 

Showcasing blockchain varied use cases

“This forum aimed to ignite young minds with the potential of blockchain, encouraging them to explore science, technology, and innovation as powerful tools to create a better and sustainable future,” the announcement explained.

Blockchain for Youth Innovators event in the Philippines. Source: Facebook (via Archers Network)

Participating students were initially introduced to the basics of blockchain technology. DOST-ASTI senior science research specialist Roxanne S. Aviñante positioned blockchain as an emerging tech with high job demand.

Another DOST-ASTI specialist, Marc Jerome T. Tulali explained NFTs and real-world use cases of blockchain, such as voting and immutable information storage. 

He further revealed that the Philippines is developing a blockchain-based system for managing intellectual property called the Self-Sovereign Identity Empowerment: Reinventing Rights and Attributes (SIERRA).

The Philippines students also learned how blockchain is implemented in various other business verticals, including gaming and entertainment, healthcare, government and public sector, central bank digital currencies (CBDCs), decentralized finance (DeFi), identity and physical infrastructure.

Related: Philippines SEC orders Apple and Google to remove Binance from app stores

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