Philippines to choose Venom for its groundbreaking national blockchain program
On August 1, Layer 1 blockchain Venom Foundation announced a historic agreement with the Republic of the Philippines to use its advanced blockchain technology to digitize billions of forms.
By betting on Venom, the Philippine government has demonstrated unprecedented trust and confidence in blockchain as a secure, scalable and efficient solution for national operations. This move is expected to revolutionize the way governments and large institutions handle data, transactions and record keeping, setting new standards for transparency and efficiency.
Using Venom technology to digitize approximately 10 billion traceable forms, including but not limited to invoices or receipts, cash tickets, document stamps and special bank receipts, and individually identify, account for and provide appropriate security protection. This move marks a new stage in the country's digitalization process.