Philstar Media Group expands with tech-focused news site Multiverse PH

MANILA, Philippines — The Philstar Media Group on Tuesday launched a news website focused on new technologies and their impact on consumers, businesses and the economy.

Multiverse PH (multiverse.ph) aims to help bridge the gap between public awareness and the adoption of such technologies, according to Philstar Media Group executive vice president Lucien Dy Tioco.

“Through this platform, we will learn about new technologies that will have an impact on our daily lives and how we can better embrace them,” Dy Tioco said.

Multiverse PH will cover topics such as Web 3.0, which is an upgraded internet technology that uses machine learning, artificial intelligence, blockchain technology and cryptocurrency.

According to Secretary Ivan John Uy of the Department of Information and Communications Technology, there have been “misconceptions” about cryptocurrency, but people need to understand that Web 3.0 is a larger concept.

“People need to understand Web 3.0 and how it handles and protects data, as well as its many applications other than crypto that can have a profound impact on our society,” he said.

Meanwhile, RCBC executive vice president and chief innovation and inclusion officer Angelito Villanueva said those living in far-flung areas need awareness about Web3 and blockchain because they are more susceptible to cybercrime.

Catherine Bautista-Casas, senior vice president and head of blockchain and API business group at UnionBank of the Philippines, said: “There’s a lack of deeper understanding of what blockchain technology is.”

“We need risk management, we need compliance and we need talents,” she said when asked what it would take for Filipinos to embrace blockchain technology.

According to Uy, DICT is looking into potential applications for blockchain technology in government, particularly in the areas of registry and online voting. – Arjay L. Balinbin/BusinessWorld