The Philippines will choose Venom as its pioneering national blockchain initiative

ChainCatcher news, according to Decrypt, the Layer 1 blockchain Venom Foundation has announced a historic agreement with the Republic of the Philippines to digitize billions of forms using its advanced blockchain technology.

By staking on Venom, the Philippine government has demonstrated unprecedented trust and confidence in blockchain as a national-level operational solution that is secure, scalable, and efficient. 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.

Utilizing Venom technology to digitize approximately 10 billion traceable forms, including but not limited to invoices or receipts, cash tickets, document stamp duties, and special bank receipts, and to individually identify, account for, and provide appropriate security for them. This initiative marks a new phase in the country's digitalization process.