Blockchain is a persistent, transparent, public, append-only ledger system and mechanism. It is decentralized with no one controlling body with peer to peer trustless system which empowers you to become your own bank.
The Blockchain is an indestructible digital ledger for keeping track of economic transactions which can be programmed to maintain not only financial transactions but virtually everything that has value.
Blockchain has no government interference, it has absolutely zero control on virtual currencies that are based on the Blockchain technology. It is also an instant transaction because of its 10 times faster than the usual banks. No need to go for a bayad center, remittance, and other services to pay or have third-party transactions.
“Hindi mo na kailangan pumila ng mahaba sa bayad center, mag pasa ng requirements for opening an account. All access are in one click of a button.” – Shariff Ibrahim Albani said.
Shariff Ibrahim Albani and Verlin Sanciangco are well-known advocates of Blockchain in the Philippines.