TECH NEWS | PH blockchain report charts path beyond crypto, highlights growing trust in technology
The Philippine Blockchain Industry Report 2025 benchmarks the nation’s blockchain landscape against those of six ASEAN neighbors and reveals encouraging signs of trust and early adoption.
A groundbreaking new report launched Tuesday by Gorriceta Africa Cauton & Saavedra, the Blockchain Council of the Philippines (BCP), Gobi-Core Philippine Fund, and Tether offers a comprehensive look into the country’s evolving blockchain ecosystem, urging broader adoption beyond cryptocurrency.
The Philippine Blockchain Industry Report 2025 benchmarks the nation’s blockchain landscape against those of six ASEAN neighbors and reveals encouraging signs of trust and early adoption. According to the report, 74% of Filipinos expressed confidence in blockchain’s security, while interest in non-crypto use cases continues to grow.
“Filipinos are starting to see blockchain as more than just crypto or play-to-earn games,” the report states, noting rising curiosity about applications in remittances, decentralized finance (DeFi), data security, clean energy, and supply chain transparency.
The Philippines, ranked 8th in the 2024 Global Crypto Adoption Index, initially gained blockchain traction through gaming and cryptocurrency trading. Local startup Yield Guild Games drew global attention after receiving $4.6 million in funding from Andreessen Horowitz. But the new report suggests that consumer awareness is evolving, with more Filipinos exploring blockchain’s potential for financial inclusion, digital IDs, and even logistics.
Still, gaps remain. While 96% of respondents are aware of cryptocurrencies, only 28% are familiar with Web3 technologies. Additionally, more than half (53%) have not used any blockchain-based applications. Regulatory attention remains heavily focused on crypto trading, leaving many emerging use cases under-supported.
Adoption remains in early stages: 40% of users have engaged with blockchain for less than a year, and another 30% for one to two years. The report calls this an opportunity window for stakeholders to act swiftly.
To address these challenges, the report outlines five key recommendations: expanding the regulatory framework to include non-crypto innovations, establishing sandboxes for testing blockchain applications, fostering public-private collaborations, investing in skills training, and accelerating government adoption in areas like digital identity and land registration.
By positioning blockchain as a tool for inclusive growth and digital transformation, the report urges both public and private sectors to move beyond hype and into implementation.
