‘Sanctum’ Founder Rico Pang, Other Tech Leaders Push Stronger Education to Leverage Blockchain, Get Filipinos Empowered

“The government plays a crucial role in our aim of promoting blockchain education in the country and highlighting the Philippines as the blockchain hub in Asia.”

— Tech Leaders Dr. Donald Lim

By EDD K. USMAN | Twitter: @edd1819 Instagram: @bluestar0910 | Facebook: SDN — SciTech and Digital News 

Short link: https://wp.me/paaccn-okH

MANILA (SDN) — With much fanfare worthy of an international event, the First Philippine Blockchain Week (PBW) 2022 kicked off here today, Tuesday, with its champions batting for more education to leverage the technology.

PBW 2022 Lead Dr. Donald Lim. (SDN — SciTech and Digital News)

The champions, among them Dr. Donald Lim, who is considered the Philippines “Father of Digital Marketing”, and lead founder of the PBW, and Dubai, United Araba Emirates (UAE)-based Rico Pang, founder of Sanctum Global Ventures (SGV), and many others, see much promise in the adoption of blockchain in the country.

Blockchain is the system that runs Bitcoin and other cryptocurrencies, but it has other use cases aside from enabling digital currencies.

However, much has to be done, in terms of educating the public, to bring the technology which Sakamoto invented in 2008 to a wider audience and use in the Philippines.

Watch (Alert, the video is raw, meaning unedited): https://youtu.be/yOTCX8kQvyM

“I believe that there is not enough educational awareness made to the public. Some people are afraid to learn new things, so I think that is the biggest challenge in the Philippines at the moment.

“So, we need to do more educational awareness, organizing more events such as this,” Pang emphasized, fielding questions from SDN — SciTech and Digital News.

Dubai-based tech leader Rico Pang, founder of Sanctum Global Ventures. (SDN — SciTech and Digital News)

In educating the public, he said that they should be convinced that blockchain “is a very good tool” that must be used correctly.

“I mean the tool can be used for bad or good. Just make sure (the public) learn it the proper way.”

How to do this, Pang said, “I think the first thing to do is education, education, education,” as he suggested what the Philippines should do to rise above the biggest challenge that is lack of awareness of the technology.

It can be recalled that in 1917 at least, or earlier, champions of technology, Filipino-Ametican tech mogul and erstwhile Silicon Valley tech wiz Winston Damarillo, who established many companies, among them Talino Venture Labs, Amihan Global Services, etc., also the founder of DevCon; and Union Bank of the Philippines, already campaigned for adopting blockchain in the public and private sector.

Seven Philippine banks even grouped themselves to create a “self sovereign identity” running on blockchain that was designed to greatly simplify customers’ transactions with the financial institutions.

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“Education should start (for children) as young as five years old.”

Pang could have been alluding to this adoption of blockchain that “when things are automated, you make things faster”, even as he cited two other use cases, in the medical and scientific fields. It will cut down costs and operations becoming more streamlined.

However, the Dubai-based Pang acknowledged that the technology’s level of use in country to country varies wildly.

On a scale of 1 to 10 (10 being the greatest), he said on average global adoption is only on level 2.

He pointed out that countries are in different stages of using the blockchain, some are in an advanced stage already.

‘If you look at China, they’ve been using blockchain in the taxation system, in the government system for more than 10 years, But some countries are not there yet, some have not started yet.”

Pang said educating the public on the technology can start with children as young as five years old. “Education should start (for children) as young as five years old.”

Cutting of ribbon to open the event. (SDN — SciTech and Digital News)

A battery of international and local speakers came on board for the event, billed as “the first” of its kind in the country. Even Hollywood dignitaries flew in for the event. This was not lost on the organizers.

“It gives us a sense of pride to see the thought leaders and practitioners from the media, technology, and creative fields gathered for the first event of this kind here. We are thankful that they are taking the time to share their experiences and the advantages of Web3 technology to Filipinos,” Lim said in a statement.

“We strongly believe that the country can benefit from this technology, and we would be learning a lot from our distinguished panel of speakers,” Lim said. He spoke in the first day with his topic revolving around the “Philippines as the Blockchain Capital of Asia: Why the Philippines and Why Now?”

He also emphasized the vital role the government plays in unlocking the powers of the technology, which China, as Pang shared, has been using for over 10 years.

“The government plays a crucial role in our aim of promoting blockchain education in the country and highlighting the Philippines as the blockchain hub in Asia,” said Lim.

For the event’s opening day, topics covered “The Future of Web3: Why Should You Care and How Can You Participate?” with Ian Utile, co-producer of NFT.NYC; “Women in Web 3.0: The Infinite Possibilities for Women in the Metaverse with Kate Hancock, Chezka Gonzales, Tara Kwon, and Vilma Matilla as speakers, and Michelle Dee as moderator; “Web 3.0 Innovation: 8 Forces Driving Web 3.0 Innovation” with Chris J. Snook, co-host of The Web3 Show and CEO of 9Level9.

of Web 2 and Web3”, “Blockchain: 2022 is the Beginning of the End: EY Blockchain Capability and Perspective”, “Web3 for All”, and “Partnership Growth with Coinstore”.

Here’s what awaits attendees for the next two days of talks:

Day 2 will also have discussions on “How to Build Connections: The Ultimate Cheat Code for Expediting Your Web 3.0 Transformation”, “Tokenization: How to Tokenize Your Project – The Step-by-Step Guide”, “Usage of NFTs in the Korean Film/Drama Industry and Watch2Earn”, “Innovation: The Future of Visual Storytelling”, “The Honest Side of Blockchain Technologies”, “The Future of Immersive Shopping Experience”, “How to Invest in Real Estate with Web 3.0”, “Celebrities on the Blockchain: How Web3 is Changing the World of Fandom.”

On the same day, there will be talks on “Tiptop, Health, and Lifestyle App”, “Blockchain Security: How to Protect Your Assets From Hackers”, “Why Should We Invest in Bitcoin Now?”, “The Next Wave of Customer Engagement, Experience, and Loyalty in Web3”, “The Future of Crypto”, “Investments Made Simple Through Maya”, and “The Future of Metaverse”.

For Day 3, Motoki Tani, CEO of Animoca Brands Japan, will be the keynote speaker. Other topics for the day will include “PR: How to Create a Compelling Marketing/PR Strategy for Your Metaverse Project”, “Philstar: Enter the Multiverse”, “NFT in Branding: Fro Artist to Now Launching NFT”, “Web3 for Social Impact”, “What You Need to Know About the Creators Economy”, and “Web3: Why It Matters for the Entertainment Industry.”

“The Future of E-Commerce: Web 3.0 vs Traditional Retailing”, “The Importance of Diversity: Perspectives From the Women Leading the Charge”, and “How to Build and Grow a Successful Community for Your Metaverse Project” will also be talked about on that day.

The conference will close with keynote speaker Larry Namer, known for co-founding E! Entertainment which produced “Keeping Up with the Kardashians”, “Simple Life” and “E! Hollywood True Stories”.

Apart from the speaking conferences, Philippine Blockchain Week will host an NFT & gaming expo, networking events, and official after-parties for the duration of the event. The first Philippine Block Awards will also take place on December 2nd at Collab, Sheraton Manila Hotel.

The Philippine Blockchain Week is powered by the following major sponsors 1inch, Tetrix, NChain, GCash, Coins.ph, DVCode, Ark of Dream, iPay88, and Maya. (✓)

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For more information, visit: http://www.PhilBlockchain.com

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