In promoting the course of cryptocurrency technology and establishing the course of NEM.io in the Philippines, NEM and the Cagayan economic zone authority are partnering to build the first Philippines blockchain hub in the country. The new partnership was sealed with the two parties signing a Memorandum of understanding on how the new establishment would be.
The First Blockchain Hub in the Philippines
Nem.io a blockchain tech firm and the Cagayan Economic Zone Authority (CEZA) has signed an MOU on the establishment of the first cryptocurrency hub in the Philippines. The new MoU signed on Monday is a build up on the previously signed agreement between the two-party, towards promoting the course of cryptocurrency technology and establishing the course of NEM.io in the Philippines.
The NEM.io Foundation is a Singapore based cryptocurrency firm that had the main course introducing, educating, and promoting the use of the NEM blockchain technology platform on an international scale to all industries and institutions.
While Cagayán is a province in the Philippines located in the Cagayan Valley region in the northeast of Luzon Island, and it includes the Babuyan Islands to the north. The province borders Ilocos Norte and Apayao to the west, and Kalinga and Isabela to the south.
The partnerships witnessed between the Nem.io and the Cagayan Economic Zone Authority (CEZA) initiated an MOU between them. The MOU was signed by Emerson Fonseca NEM Philippines head and Nelson Valero, the regional NEM foundation chief for Australia and New Zealand with Raul Lambino the CEO of CEZA and the CEZA senior deputy administrator Raymundo Roquero at the De La Salle University in Manila, during the 2018 business law conference.
The new blockchain hub is set to be established in the northern Philippines as blockchain tech is being promoted in the country.
The new hub is aimed at increasing the awareness of blockchain tech as well as the development of blockchain application through programs like University tours, hackathons, workshops, forums, and conferences.
The importance of the project to the Cagayan community and Philippines at large is of great importance as it is sought after attraction of local and foreign investors which will aid the goals of the region to become self-sustaining industrial, commercial, financial, tourism, and recreational center.