THE Trade and Information departments have teamed up with Monsoon Blockchain Storage Inc. to develop the utilization of blockchain technology in the country.

Under separate agreements signed by Monsoon Chief Executive Officer Donald Basile with Trade Secretary Ramon Lopez and with acting Information chief Eliseo Rio Jr. in Makati City on Wednesday, the US-based company will provide complimentary courtesy consultation, advice, and cost-benefit and socioeconomic analysis on the use of such technology.

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