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2024: PH’s digital revolution, rise of emerging technologies

Author: Content Editor
The Philippines has made significant progress in digital innovation, particularly in the areas of blockchain adoption, artificial intelligence (AI), and fintech. The Binance ban highlighted the need for compliance with local regulations, leading Filipino users to turn to local, registered exchanges. Blockchain adoption has gained traction in various sectors, including secure digital document management and credential verification in education. The establishment of the Philippine AI Research Center has paved the way for AI innovations in agriculture, disaster response, and cybersecurity. Fintech has continued to rise, with mobile payment systems and digital lending platforms transforming financial interactions. Legislative support, such as the CREATE More Act, has encouraged startups to explore emerging technologies like Web3 and blockchain applications. Web3 startups have made strides in decentralization and have shown how blockchain can address specific Filipino needs. The convergence of AI and blockchain has reshaped industries, including healthcare and supply chain management, by improving efficiency, security, and transparency. Looking ahead, the focus will be on fostering inclusivity, ethics, and addressing societal challenges through technology.

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