Twala Receives Php 4.6 Million Grant from DOST
Summary
Twala was able to receive funds for they embody the theme for this years first cycle, Powering Startups to Thrive in the Next Normal.Twala, through their blockchain-based digital signature solution, provided companies with an innovative and secure way to legally sign their documents. We want to leverage our experience and knowledge to dive further into this trend and uncover what more can be done with blockchain and how it can improve our lives, Reyes stated.Recently, Twala was integrated with the PLDT Enterprise to produce a blockchain-powered document and digital signature platform which aims to further strengthen the groups suite of information and communications technology offerings. Unfortunately, these incur costs, and not all startups have the capacity to access expertise, equipment, and the help needed to protect their intellectual property, reach out to more people, and get feedback for their products or services. We hope to help more startups in the coming year and increase the number of grantees over time, he stated.Last May, DOST announced that the department will be training its own in-house scientists and technologists about how blockchain can be used and practically applied in the Philippines. (Read more: DOST to Train In-House Scientists in Blockchain)Moreover, the department signed a Memorandum of Understanding with Digital Pilipinas last March to lay out strategies in establishing university-based decentralized innovation centers across the Philippines.