Zetrix AI Berhad and the Philippines government signed an MOU to build a public blockchain for the country.
Regulation & Gov ·
Zetrix AI Berhad, a Malaysia-based group, has signed a memorandum of understanding with the Philippines government to develop and operate a public blockchain infrastructure for the country. The partnership positions Zetrix's technology as the backbone for the nation's blockchain initiatives.
The MOU establishes a framework for collaboration between the private blockchain provider and the Philippine state to build out public blockchain capabilities. The agreement reflects growing interest among Southeast Asian governments in adopting distributed ledger infrastructure for various administrative and economic functions.
Specific details about implementation timelines, funding mechanisms, and the intended use cases for the public blockchain remain unclear from the available announcement. The scope of services Zetrix will provide and how the Philippines plans to integrate the blockchain into existing government systems have not been disclosed.