The Bataan provincial government has signed a memorandum of understanding (MOU) with global blockchain leader nChain, a blockchain research and solutions company registered in Switzerland, with the aim of establishing a digital platform for the province to streamline its systems and delivery of services.
Bataan Gov. Joet Garcia and nChain AG chairman Stefan Matthews signed the MOU for a partnership to digitalize the provincial government’s operations pursuant to Republic Act 11032 or the Ease of Doing Business and Efficient Government Service Delivery Act of 2018.
“NChain is committed to partnering with governments around the world to digitally transform their economies. Through this MOU 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,” Matthews said.
With BSV blockchain powered by NChain, he said 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.”
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.”
“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,” Garcia said.
He said the NChain’s blockchain technology will improve the transparency and accountability of government operations, as it provides tamper-proof record of all transactions.
He said the roll-out of the platform 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 expressed confidence the strategic partnership will result to improved efficiency within the provincial government’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.
NChain is listed by Lexis Nexis in 2022 among the top 100 innovators in the world alongside Meta, Tencent, and Alphabet.