PLDT Enterprise has inked a memorandum of understanding with Ohelio, Inc., to co-innovate and productize a blockchain-powered document and digital signature platform, further strengthening the group’s suite of information and communications technology offerings.
Ohelio is a blockchain technology startup based in Manila that aims to digitally transform paper-based workflows and reduce document fraud with blockchain smart contracts.
Ohelio’s Twala Sign, a next-generation platform powered by blockchain smart contracts, powers the future of today’s hybrid working environment by optimizing key business processes, and helping companies reduce contract signing time, cost, and instances of fraud.
Twala is an app that
allows users to easily sign legally binding documents through a laptop or
smartphone and can also be used to issue tamper-proof digital
credentials.
Melvin Jeffrey Chan, PLDT VP
& Head of Enterprise Innovations & IoT Business Development, said that
Twala will be advanced under ePLDT, the ICT arm of PLDT Enterprise, and will be
added to its slew of products as an emerging technology solution.
“Through our
partnership with Ohelio Inc., we bid to offer a product solution that can
digitally facilitate the signing process of companies, leveraging the immutability nature of blockchain technology, to easily manage and
execute company undertakings with confidence,” Chan said.
Jeffrey Reyes,
co-founder and CEO of Ohelio Inc., said the company’s blockchain network was
designed to enable digital trust, security, and compliance for several
ecosystems. It features Twala ID, a self-sovereign identity on the blockchain;
and Twala Sign which is used for connected, smart, and self-executing
code-based document signing.
The said technology
will enable different sectors such as the government which they can use for
valid IDs and license applications, the health care sector for the processing
of health records, and medical insurance; and the banking sector for acquiring
different financial services, among others.
Meanwhile, PLDT
Enterprise continues to team up with organizations aimed at supporting Filipino
startups, such as QBO Innovation Hub and Ideaspace, to discover and co-innovate
viable startup business ideas, products, and innovations such as Twala. Twala
is part of the latest cohort of the Ideaspace Accelerator Program, a year-long
program for early-stage startup founders.
“Our Innovation Lab and
Ecosystem Partnership (Innolab) has been rigorously scouting and co-developing
innovative solutions with startups. Through
our collaboration with QBO and Ideaspace, we were able to generate a portfolio of
beacon projects and viable startup innovations that complements the existing
solutions of PLDT Enterprise,” said Kristine Dara Ever Juan, Head of PLDT
Innolab.
“As industries evolve radically over the past year, we thrust to address the unique challenges faced by business today through bleeding-edge innovative solutions, especially now that more companies are operating in a hybrid or fully remote set-up. This initiative will enable us to expand our suite of enterprise solutions to deliver the current requirements of enterprises and tap more potential customers,” John Granada, PLDT Enterprise Head of Managed IT, Emerging Technology and Business Applications Innovation.
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