Shared office provider opens first blockchain co-working space in PH

By Rizal Raoul Reyes

Makati-based shared office provider Acceler8 by UnionSpace and fintech company SCI has opened what it said is the first blockchain space in the country to promote blockchain technology to businesses and startups in the country.

The team behind the Blockchain Space Philippines

Peter Ing, country lead of Blockchain Space Philippines and managing partner of Acceler8 by UnionSpace, said the current environment is the right time to promote blockchain in major sectors of the community.

“We want to spearhead initiatives in growing the industry by hosting modules from beginners to advanced levels,” Ing said. “We will equip members of this community with tools to grow regionally in Southeast Asia through access to capital and network, as well as legal and technical advisory services.”

John Bailon, co-founder and CEO of SCI, said it is important to build awareness on the important role of blockchain in building connections in the community and connections towards growth. Since it is a new technology, Bailon urged blockchain advocates to develop and organized campaigns.

“We can only maximize the potential of blockchain technology by promoting it across communities and industries through continuous learning opportunities. Together with Acceler8, we now offer a place where anyone is interested can learn more about this technology, and also connect with others, so they can create synergies,” Bailon said.

Miguel Cuneta, co-founder and chief community officer of SCI, said blockchain has a lot of potential in the Philippines as only 3 percent of the Philippine population are using credit cards. Meanwhile, more than 90 percent of Filipinos are still using cash for their payment.

By using blockchain, remittance cost by overseas Filipino workers will be reduced by more than half because it will not pass through the bank.

Albert Goh, co-founder of Blockchain Space and CEO of vOffice of UnionSpace, said UnionSpace is going all out in promoting blockchain in the Asean region.

After establishing the first blockchain space in Jakarta, UnionSpace put up the Blockchain Space Manila. The third space will be opened on June in Bangkok.

“This is going to provide acceleration for startups not only for regional but global growth as well,” Goh said.

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