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- THG has announced the signing of a strategic framework collaboration agreement with the Philippine Department of Science and Technology.
- This comes as the Philippines is positioning itself as a blockchain and Industry 4.0 hub in Asia-Pacific, supported by initiatives led by DOST.
Hedera is the enterprise-ready public network designed for secure, fast, and scalable decentralized applications. Within Hedera, The Hashgraph Group (THG) functions as a Swiss-based Web3 technology and engineering company.
THG develops enterprise-grade applications, tools, and infrastructure on Hedera, bridging the gap between distributed ledger technologies and real-world business and government solutions. Its focus spans multiple sectors, including finance, supply chain, sustainability, gaming, and smart city applications.
Recently, THG announced the signing of a strategic framework collaboration agreement with the Department of Science and Technology (DOST), the executive agency of the Philippine government responsible for coordinating the country’s scientific and technological development.
The partnership is designed to strengthen collaboration between the public and private sectors in exploring and implementing Web3 and distributed ledger technologies (DLT).
What’s the Purpose of the Partnership?
Macro, a cryptocurrency analyst, explained why the Hedera network was selected for this initiative. He highlighted Hedera’s key advantages, saying it was chosen because it offers ABFT-grade security —the highest level among distributed ledger technologies —and a consensus mechanism that is both fast and efficient.
Hedera also provides predictable fees of less than $0.001 per transaction, near-zero energy consumption, and transaction finality in seconds, making it a highly secure, cost-effective, and sustainable solution for large-scale applications.
The collaboration between THG and DOST is designed to empower Filipino communities, academic institutions, and industries by providing practical applications of Hedera-powered solutions tailored to local needs. A central component of the initiative is the regionalized approach.
DOST, through its Regional Offices, will work closely with THG to identify and prioritize the specific requirements of each region. This includes facilitating workshops, seminars, and training programs to transfer technical know-how to local stakeholders, including students, researchers, and government officials.
THG and DOST signed six separate agreements with the Philippines’ first six administrative regions, setting a precedent for region-specific implementation. The regions involved in this first wave include: National Capital Region (NCR), Cordillera Administrative Region (CAR), Central Luzon, Western Visayas, Eastern Visayas, and Davao.
As Marco described this, “This is not a ‘pilot.’ This is a structured national rollout capacity.” He went on to outline key initiatives under exploration, including digital identity and citizen records, climate and environmental data integrity, public service documentation, and the digitization of tourism and cultural heritage, demonstrating the program’s ambition to modernize government services and infrastructure at a national scale.
As part of the official signing ceremony, the Philippine government delegation visited the headquarters of The Hashgraph Group in Switzerland, where THG demonstrated its products, solutions, and the practical potential of Hedera-powered technologies.
The analysts urged the community to shift their perspective. “For investors and analysts, the real question is changing: not, ‘Will the price pump tomorrow?’ but rather, ‘Which networks are being integrated into government and enterprise infrastructure?’”
Currently, HBAR has shown notable market activity, surging 14.3% in the last 24 hours and 7% over the past week, currently trading at $0.1946. The surge in HBAR comes as investors anticipate a possible Grayscale Hedera ETF listing on Nasdaq. As detailed in our recent news coverage, the SEC has extended its review of the application to November 12.
