NEM, Medixserve, and Ateneo have signed a memorandum of agreement (MoA) to build the first university-based blockchain research lab in the Philippines called the Ateneo, Medixserve Blockchain Education and Research (AMBER) laboratory on August 8.

Dr. Regina Estuar, director of the Ateneo Java Wireless Competency Center, will oversee the laboratory, which will be housed at the School of Science and Engineering. 

This partnership comprises of leading institutions that are successful in their own field. NEM, a peer-to-peer cryptocurrency and blockchain platform, has always been active in educating students from different universities about blockchain, while Medixserve is a company building blockchain-based healthcare solutions for the underserved.

This collaboration can be considered as a step forward towards a successful adoption of this technology. With the help of this facility, university students and start-up companies will now have the proper resources to learn about blockchain and create blockchain-based projects with social impact. 

“I think it is heartening to know that there is this collaboration that is not just for profit. it helps the vision of defeating poverty,”  said Dr. Maria Luz Vilches, vice president of the Loyola Schools.

Poverty and corruption are among the challenges that the Philippines has been trying to combat for a long time, while blockchain is a technology that could potentially end this battle because it provides a platform to effectively exhibit a transparent, efficient, trustless and incorruptible process. 

However, due to t its complex nature, it could be difficult for an ordinary person to understand blockchain and how it can be used to solve real-world problems. Education is the key to blockchain’s success and AMBER laboratory should be able to address this issue. It will serve as a research center and an incubation center for blockchain-based startups.

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