Smart City Teknologi, Xtreme Business Enterprise, Marvion, and Coinlectibles have entered into a collaborative partnership in an attempt to bring a more modernized way of living to the Philippines.
Hinging on modern technologies such as AI and blockchain security, the companies are pulling resources to bring to life their vision of a smart city that utilizes digital assets as well as a smart island of sorts powered by blockchain-enabled membership.
The first project is the Philippines Stable Coin Project, which focuses on revolutionizing the financial sector to alleviate poverty and improve financial inclusion.
It aims to provide a stable and reliable medium of exchange to the unbanked and underbanked population. The Philippines’ stable coin will supposedly be decentralized and pegged 1:1 to the Philippine Peso, minimizing volatility and increasing transparency. During the press release, the company heads assured that the stable coin’s value will be consistent and will not adopt the characteristics of crypto.
It also utilizes blockchain technology for fast and efficient transactions, enabling low-cost conversions and seamless cross-border remittances.
The second project is a Blockchain-enabled membership program designed for sustainable tourism.
The companies aim to transform a particular island in the Philippines into a high-tech business and leisure destination by adopting innovative technologies such as blockchain, AI, and ESG strategies (Environmental, Social, and Governance). Sustainability is a main driver for this project as it seeks to also promote eco-friendly practices.
The third project seeks investment and interest in an unnamed but supposedly prestigious European auction house.
In an effort to promote the beauty of Philippine art, heritage, and culture to the world, this project aims to create the world’s first blockchain, AI, and ESG-powered auction house to meet the needs of modern buyers and sellers.
By increasing the reach and prominence of local auctioneers, the platform aims to improve the preservation, appreciation, and recognition of local art and heritage. Additionally, adopting ESG principles in the auction process promotes environmentally friendly and sustainable transactions.
These three integrated projects showcase the Philippines’ focus on leveraging technology and sustainable practices to drive economic growth, financial inclusion, and cultural preservation. The initiatives aim to create a stable and reliable financial ecosystem, develop sustainable tourism, and promote and export the country’s rich art and cultural heritage to a global audience.
