19 June 2019 — The Department of Information and Communications Technology (DICT) has partnered with US-based blockchain company Monsoon for the utilization of blockchain technology in forwarding the government’s national ICT development agenda. 

DICT Acting Secretary Eliseo M. Rio Jr. and Monsoon CEO Dr. Donald Basile signed today a Memorandum of Agreement (MOA) for collaboration efforts in enhancing capacity development and institution building on the effective use of blockchain technology.

“This partnership will directly benefit our continuous effort to address the country’s issues on ease of doing business and cybersecurity,” Acting Secretary Rio said.

Under the MOA, Monsoon will provide complimentary courtesy consultation, advice, cost-benefit, and socio-economic analysis on the use of blockchain technology in the Philippines.

DICT will assist the company on blockchain technology information dissemination and capacity building activities. 

Monsoon is a blockchain-based decentralized protocol that aims to construct a worldwide storage and cloud optimization network of users and providers based on their innovative technology.