Philippines partners with Venom to advance digital transformation

The Layer 1 blockchain Venom Foundation has reached an agreement with the Republic of the Philippines to use its blockchain technology to help the Philippine government digitize billions of forms. This move is expected to revolutionize the way governments and large institutions handle data, transactions, and record keeping, setting new standards for transparency and efficiency. Venom technology will be used to digitize approximately 10 billion traceable forms, including but not limited to invoices or receipts, cash tickets, document stamps, and special bank receipts, and they will be individually identified, accounted for, and provided with appropriate security protection. (Decrypt)