Top Blockchain Companies in Philippines

As the blockchain industry continues to disrupt traditional business practices around the world, the Philippines has emerged as a regional powerhouse in this domain. With a supportive regulatory environment and a thriving ecosystem, the nation has witnessed remarkable growth in blockchain adoption and innovation. In this article, we delve into key statistics from 2022, factors contributing to the industry's success, industry growth comparisons, emerging trends, and the future outlook for the blockchain industry in the Philippines.

read full article below
Filter bySearch by company name, registration number or domain name
CompanyHeadcountContactDescriptionDecision Maker
MAROONSTUDIOS45 +63 2 7211 9583
sales@maroonstudios.com

Born in 2014, MaroonStudios is a Manila, Philippines-based Information Technology company passionate about accelerating, through innovative software technologies, the transformation of the Philippines into a first-world economy with a socially responsible private and public sector.

CROWDFARMX PLATFORM12 +65 8809 8775
hello@crowdfarmx.io

CrowdFarmX is the world’s first global cooperative farming platform on the blockchain.

UBX204
hello@ubx.ph

UBX is a financial technology company offering the Philippines’ leading Open Finance platform. UBx creates opportunity and access for all by providing individuals, businesses and institutions the most extensive network of financial institutions and embedded solutions.

FLIGNO118
info@fligno.com

Fligno is software development company specialising in several fields in Information Technology, including mobile and web-based software development, infrastructure, security, server setup and maintenance, and website design and digital marketing. Most of our clients are based in Queensland, especially Gold Coast and Brisbane. The company has a team of dedicated and tech-savvy individuals, led by edge professionals who have acquired extensive experience through their previous work in multinational corporations like IBM, Telstra, Oracle, and many other well-known tech companies. With all the combined knowledge and skills we’ve gained throughout the years, we can assure clients that Fligno will only deliver the highest quality services. In 2017, Fligno expanded in the Philippines to keep up with the growing demand and client base. We have offices in Manila and Cagayan de Oro with over 100 full-stack professionals. Join us! Fligno knows the value of working together to come up with th…

HACKTIV COLAB INC29 +63 917 712 3892
customersuccess@hacktiv.io

Hacktiv provides end-to-end implementation of business applications and leverages on the power of the tech community to provide expert services. We aim to provide your business with solutions that transform your pain points into robust enterprise grade systems through emerging and cutting-edge technologies. We are agnostic to any certain technology solution giving us the ability to discern and effectively implement the best and right solutions for our partners.

EMFARSIS15 +63 915 884 8506
team@emfarsis.com

Emfarsis supports early-stage founders to find their audience and their voice as they launch in the open Metaverse. We invest time and effort alongside capital to ensure those wanting to make a difference in the world get heard.

OOST & VOORT INC15 +63 2 8478 8641
info@oostvoort.com

Software development, from cloud to infrastructure management and security, we build trust through technology.

OWNLY5 +63 977 143 1897
support@ownly.io

Buy, own, collect, and trade 1 of 1 edition crypto artworks by talented artists.

ROOK DIGITAL UNLIMITED9 +63 966 664 4655
sales@rookdigitalunlimited.com

We are Rook Digital - A full-stack digital marketing and creative agency specializing in everything from Social Media Content Management to 3D Design Production & Animation. We deliver solutions to both web2 & web3 projects focused on delivering the best results. Lets collaborate! 📩

AIRO JADE SOLUTIONS INC.6 +63 2 8782 4920
hello@airojade.com

A Filipino-led organization providing cutting-edge digital technologies solutions to businesses. At AiRo Jade, we value process over system; scoping over technology hype; and meaningful experience over technical knowledge alone. Our passion, commitment and client obsession drive us to deliver an exciting digital life-cycle experience. From planning to implementation and beyond, consider IT done. Our mission is to create targeted solutions, straightforward user experience and build solid business relationships. The company envisions upgrading business solutions through blockchain technology, machine learning, natural language processing and robotic automation.

ACTIMAI PHILIPPINES INC.53 +63 2 8256 7456
support@actimai.com

Actimai is a PEX (Process Excellence) and DEX (Data Experience) company focused on Robotics Process Automation and Intelligent Process Automation with a global service delivery office in the Philippines. We aim to actualize operational and financial success for our customers and through Flawless Solutioning, Rapid Delivery, and Exception Free Process Execution. This aim and our values underpin everything we do.

PIMAR1 +63 917 794 9358
contact@pimar.rocks

We Built Ideas ,Digitize Future Proof Business in the Marketplace . Providing Dedicated Remote Developer Teams for Offshore Projects Seamlessly.

MAMACLOUD4 +63 927 933 6388
inov@mamacloudtech.com

MamaCloud is an International Service Provider for IT Network & Systems Development with effective implementations of Information Technology-based tools. With comprehensive exposure on international IT Audit, System Development and Business Process Consultancy – MamaCloud understands technology, having lived and breathed the industry. Having extensive experience in both local and offshore projects, MamaCloud rich heritage on industry best practice is all incorporated in our service engagements. Its global projects in Asia Pacific is a testament of its depth in the profession of IT and systems consultancy. The company, by far, is one of the most successful Online Gaming & Cloud Provider Company in the Philippines making headways on bringing Cloud to the market and making it happen. The company takes pride as a first mover and is ready to take on more of the Cloud phenomena. MamaCloud Team is working on IT Network & System Development Domain. We have successfully implemented a large n…

SERVICE ECONOMY APPLICATIONS INC19 +63 2 8645 9254
business@seapps-inc.com

Founded as a blockchain company in 2017, Service Economy Applications Inc., has evolved into a marketer of innovative software solutions and related business-to-business as well as business-to-customer approach system. In 2018, Janice Arino, the CEO of the company together with her team, decided to redirect the company to focus on the development of a cashless system. By conducting a hands-on approach to the operator’s actual fleet management operation, the company has secured 2,500 units of PUJ (Public Utility Jeepney) and PUB (Public Utility Bus) with an endorsement of the Government, Transport Cooperatives, and Corporations to support FILIPAY installation and become part of the PUV Modernization Program as their Automatic Fare Collection System provider.

C ESTATES INC9 +63 2 8553 8270
marketing@cestates.io

C Estates Inc with its 10 yrs experience in the real estate business is now setting a global industry standard using the phenomenal disruptive technology of the blockchain. Creating a complementing ecosystem and offering property tokens that are backed by real estate properties, C Estates is definitely here to make real estate transactions easy and accessible to everyone. Applying the principles of irreversible registry of actions, verifiable records, multiple layers of security, the process of tokenization and all the essentials in protecting and processing digital information, C Estates offers creation of smart assets for a more efficient and reliable transactions online.

BITSHARES LABS, INC.42 +63 74 244 5185
admin@bitshareslabs.com

Bitshares Labs, Inc. is a startup web development company which delivers blockchain-centric solutions and services for Philippine Businesses. We build apps on top of the Bitshares Blockchain. BitShares is an open source financial services platform implemented as a public blockchain. Launched in 2014 with the protocol defined smart contracts for the digital asset and stable coin issuance, BitShares is the first on-chain decentralized exchange (DEX) secured by the Delegated Proof of Stake (DPoS) consensus protocol.

DYNAQUEST TECHNOLOGY SERVICES INC25 +63 2 3224 1862
solutions@dqtsi.com

DynaQuest was founded by CEO Randy Knutson in 2013, focused on Specialized IT, and BPO services for small and medium enterprises. He is a seasoned veteran with over 35 years of technology experience, ranging from start-ups to multi-national companies as CIO and CTO. His passion is about creating digital solutions that yield inclusive, sustainable and economic development for communities are marginalized, left behind or forgotten. Driven by his experience and vision on how technology can reshape business and optimized commerce, he grew the company into a successful BPO and IT Solutions organization, then strategically transitioned the business into an award-winning Blockchain solutions provider for emerging markets. He is recognized in the Asia-Pacific IT and Shared Services industry as an innovator and enabler of emerging technology for economic innovation.

DIRECT AGENT 5 INC.27 +63 2 7586 6310
customer.support@da5.com.ph

Founded in 2006, Direct Agent 5, Inc. is a company established to cater to the Overseas Foreign Workers (OFW’s) partnered with well-established companies primarily engaged in the following businesses: pawnshops, money changing, shopping malls and food shops. The company achieved a synergy throughout its holdings by pairing the location strength of their own diversified networks with the expansive clientele of International and local money transfer companies. On November 27, 2006, the company processed its first international money transfer service transaction. Last December 15, 2021, DA5 signed an agreement with the Impero Consortium Management Corporation becoming the technical due diligence partner, that serves “The OBFTS (Offshore Blockchain and Fintech Solutions) Group of the Authority Freeport Area of Bataan (AFAB) in the Philippines. DA5 is pioneering to promote blockchain technology throughout the ASEAN region. This is in support of the governments push to make the Philippines …

MACANNECLOUD™0 +63 927 694 8396
sales@macannegroup.com

MacanneCloud is a multiplatform techno-media company specializing in cloud-based developments and blockchain integration enabling its consumers to experience a whole new level of digitalization with cloud-based blockchain technology and infrastructure. MacanneCloud is a MacanneGroup Company.

OQUENT GLOBAL CORPORATION5 +63 917 190 7272
info@oquentglobal.com

Global IT company focused on software & web development, technology consulting and IT outsourcing. Having enterprise expertise in conventional, emerging & disruptive technologies, were helping organizations to find innovative IT solutions and sync with emerging technology trends.

Top Blockchain Companies in Philippines

Key Statistics from 2022

In 2022, the blockchain industry contributed approximately 1.5% to the Philippines' GDP, amounting to PHP 285 billion. This represents a significant increase from the previous year when the industry accounted for just 0.8% of the GDP. The blockchain sector generated an estimated 40,000 new jobs in 2022, showcasing the industry's potential for stimulating employment opportunities across the nation.

Factors Contributing to Growth and Success

Government Initiatives

The Philippine government has been instrumental in fostering the growth of the blockchain industry. Through the Central Bank of the Philippines (Bangko Sentral ng Pilipinas, or BSP), the government has established a regulatory sandbox for digital currency and blockchain-based businesses. This sandbox allows companies to test their products and services within a controlled environment under the supervision of the BSP. The government has also introduced tax incentives and other supportive measures to promote the industry.

Local Talent and Entrepreneurship

The Philippines boasts a large pool of skilled professionals and a vibrant entrepreneurial culture, which has contributed to the growth of the blockchain sector. Local universities have started to offer blockchain courses and training programs, ensuring a steady supply of qualified talent. Additionally, numerous incubators and accelerators have emerged to support blockchain startups, fostering innovation and collaboration.

Industry Growth and Comparison

Financial Services

Blockchain adoption in the financial services sector has been particularly significant. In 2022, the number of banks and financial institutions using blockchain-based platforms for remittances, cross-border payments, and other services grew by 35% compared to the previous year. This growth has been driven by the need for cost-effective, fast, and secure transaction solutions, which are inherent to blockchain technology.

Supply Chain and Logistics

The blockchain industry has also made inroads into the supply chain and logistics sectors, with adoption rates increasing by 20% in 2022 compared to 2021. The transparency, traceability, and security offered by blockchain technology have made it an attractive solution for managing complex, global supply chains.

Healthcare

Blockchain technology has found applications in healthcare as well, with an increase in adoption rates by 25% in 2022. Key use cases include securing patient data, streamlining medical records, and improving the efficiency of clinical trials. These innovations have the potential to revolutionize the healthcare industry, leading to improved patient care and outcomes.

Key Trends and Technological Disruptions

Decentralized Finance (DeFi)

Decentralized finance (DeFi) has emerged as a significant trend in the Philippine blockchain industry. DeFi platforms, which leverage blockchain technology to offer financial services without the need for intermediaries, have gained significant traction in the country. This has spurred a wave of innovation in lending, borrowing, and trading services.

Non-Fungible Tokens (NFTs)

The NFT market has also experienced substantial growth in the Philippines, with an increasing number of artists, creators, and collectors participating in the ecosystem. NFTs, which represent digital assets with unique and non-interchangeable properties, have found applications in various fields, including art, gaming, and collectibles. The NFT market's expansion in the Philippines signifies the country's growing interest in digital asset ownership and its potential for reshaping creative industries.

Central Bank Digital Currencies (CBDCs)

The Bangko Sentral ng Pilipinas (BSP) has expressed interest in exploring the development of a central bank digital currency (CBDC). CBDCs, which are digital versions of a country's fiat currency, could offer improved efficiency, security, and accessibility in the financial system. The development of a Philippine CBDC could further strengthen the country's position as a regional blockchain leader.

Challenges

Regulatory Challenges

Despite the proactive stance of the Philippine government, regulatory challenges persist. Aligning the fast-paced developments in the blockchain industry with evolving regulatory frameworks is essential for maintaining a supportive environment. Balancing innovation with consumer protection and financial stability will be crucial for the industry's continued growth.

Infrastructure and Scalability

As the adoption of blockchain technology grows, the need for robust infrastructure and scalable solutions becomes more pressing. To capitalize on the potential of the blockchain industry, investments in research and development, as well as collaborations between public and private sectors, will be essential for addressing these challenges.

Cybersecurity Risks

The increasing reliance on digital platforms also raises concerns about cybersecurity. Ensuring the security of blockchain-based systems and protecting users from potential threats will be vital for maintaining trust in the technology and its applications.

Future Outlook

The future outlook for the blockchain industry in the Philippines appears promising, as the country continues to embrace digital transformation and seeks innovative solutions to drive economic growth and enhance overall efficiency. Bolstered by supportive regulatory frameworks and an increasingly tech-savvy population, the blockchain industry is poised to revolutionize various sectors, such as finance, supply chain management, and public administration. Additionally, the growing interest in cryptocurrencies and decentralized finance presents new opportunities for the country to establish itself as a regional leader in this domain. As the Philippines navigates the complexities of an evolving global landscape, the blockchain industry is expected to play a crucial role in fostering economic resilience, driving innovation, and ensuring that the nation remains at the forefront of technological advancements.

Conclusion

The blockchain industry in the Philippines has experienced remarkable growth, driven by a supportive government, a skilled workforce, and a thriving entrepreneurial ecosystem. With rapid adoption across various sectors, the country has positioned itself as a regional hub for blockchain innovation. As the industry continues to evolve, addressing challenges in regulation, infrastructure, and cybersecurity will be crucial to sustaining growth and maximizing the transformative potential of blockchain technology in the Philippines.

undefined's picture
By Melissa Goh
Published on 26 May 2023