The Department of Information and Communications Technology (DICT) of the Philippine government has signed a Memorandum of Agreement (MoA) with U.S.-based blockchain firm Monsoon Blockchain Storage.
This was reported by a local news outlet that revealed that Monsoon will act as a blockchain consultant advisor to DICT, offering services such as cost-benefit and socio-economic analyses regarding blockchain solutions in the Philippines.
According to acting Secretary at DICT, Eliseo Rio Jr., its partnership with Monsoon will directly benefit the agency’s continuous effort to address Philippine’s issues on ease of doing business and cyber security.
Monsoon Blockchain Storage is a data storage company that has developed a blockchain solution for analyzing, storing, and optimizing cloud-based data sets.
Interestingly Monsoon reportedly developing an Ethereum-based blockchain with purported ideological similarities to Ripple.
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