- With this ground-breaking project, the Philippines is positioned as a creative and progressive worldwide leader in blockchain-enabled regulated sectors.
- The partnership will combine the nation’s long-standing regulated operations of exchanges, lotteries, gaming, capital markets, banking, and online trading with the potential of Web3 technology and decentralized finance.
In order to launch the world’s first AI, Blockchain, and Crypto ecosystem in the Philippines, Messier 42 LLC (“M42”), a private leading global artificial intelligence technology and digital transformation company, has partnered with Constellation Network and DFNN Inc. The partnership will combine the nation’s long-standing regulated operations of exchanges, lotteries, gaming, capital markets, banking, and online trading with the potential of Web3 technology and decentralized finance.
With this ground-breaking project, the Philippines is positioned as a creative and progressive worldwide leader in blockchain-enabled regulated sectors. While the Asia-Pacific region leads the worldwide lottery sector with a 38% market share, the lottery in the Philippines accounts for nearly 45% of all gaming revenue. In addition, around 13% of people in the Philippines use cryptocurrency, placing the country fourth in terms of adoption. While using blockchain technology to provide an example for the ethical growth of established businesses in the digital age, the junction of cryptocurrency and gaming offers a noteworthy opportunity to onboard new consumers.
The Partnership
On the front end, the collaboration will make it possible to use cryptocurrencies to buy tickets for the regulated national lottery. On the back end, the partnership will bring together the Hypergraph Network from Constellation Network, a decentralized framework that facilitates safe, scalable, and transparent data exchange across Web3 and enterprise contexts, and M42’s cutting-edge Transformational AI platform. The network’s decentralized data validation and security features are powered by Constellation’s native cryptocurrency, DAG. In order to provide regulatory expertise and licensed operational infrastructure, M42 and Constellation will collaborate with DFNN Group, one of the top technology companies in the Philippines with regulated operations in lotteries, gaming, capital markets, exchanges, banking, payments, and online trading.
Unlocking a Global Opportunity
A unique enviroment for blockchain-driven innovation is created by this mix of strong cryptocurrency engagement and openness to using these new technologies for the many established sectors. In addition to envisioned crypto-enabled payments, transparent drawings, and regulated cross-border participation, the partnership will investigate compliance digital business models for procedures, payments, transparency, and simplicity of use.
“Our vision is to merge innovation with integrity,” said Greg Lackland from M42. “This project will demonstrate how blockchain can enhance transparency, trust, and accessibility in real-world applications, starting with transparency in its various verticals such as lotteries, gaming, payments, and various Exchange Systems. We’re excited to showcase how blockchain technology can modernize legacy industries while upholding trust and regulatory compliance, creating a model with global impact.”
“What’s exciting is that we’re transforming traditional, centralized databases and networks into modern, secure systems,” said Ben Jorgensen, CEO of Constellation Network. “Similar to our work with the Department of Defense, we’re using Web3 technology to broaden participation in the digital economy, starting with familiar various operations currently running under the DFNN Groups various operations in Lotteries, Gaming, Capital markets and Payments. What we’re building here serves as a blueprint that can be applied to similar established networks around the world.
“The Philippines has a rare combination of high crypto adoption, digital remittance infrastructure, and an openness to adopt AI & Blockchain Technologies,” said Ramon Garcia Jr. from DFNN. “By uniting AI compliance with blockchain’s capabilities, we can open the door to responsible, democratic financial inclusion across our various regulated operations.
M42 is a world leader in digital transformation and technology solutions, offering cutting-edge services to a range of sectors. As a syndicate that uses AI for justice, truth, and equity, M42 combines extensive knowledge of cybersecurity, cloud computing, and AI to boost productivity and growth for its global clientele.
For the AI era, Constellation Network offers validated data automation. Built on the Hypergraph Network, Constellation is a blockchain ecosystem headquartered in the United States that facilitates enterprise data sharing and Web3 infrastructure that is scalable, secure, and interoperable. Most notably, they have been offering solutions based on validated processes to the US Department of Defense for more than six years.
DFNN, Inc. trades under the ticker symbol “DFNN” on the Philippine Stock Exchange. The company has been a top supplier of IT solutions and systems integrator since 1999, helping its customers compete in a world that is becoming more and more reliant on technology. High volume and safe financial transactions, software/middleware development, IT support services, secure platform development, and turnkey implementations are among the competences of DFNN, which is supported by its domain experience in the financial industry.
The DFNN Group also has licenses from the Philippine Amusement and Gaming Corporation (PAGCOR) for digit and pari-mutuel games, a sports betting exchange, and Electronic Gaming Machines (EGMs) via its affiliates and subsidiaries. Additionally, the Philippine Charity Sweepstakes Office (The National Lottery) has contracts with DFNN Group and its subsidiaries. DFNN feels that it is in a unique position to investigate and take advantage of possibilities in these diverse areas because of its origins as an IT firm with a good track record of success.
Along with providing services to the banking, online trading, and stock exchange industries, DFNN Group is also permitted by law to run a number of exchanges, as well as the global digital asset and cryptocurrency industries and payment solutions under the Freeport Area of Bataan (FAB).
Forward Looking Statements
Certain forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995 are included in this document. Forward-looking statements, such as those pertaining to the services rendered by M42, DFNN Inc., and Constellation Network up until the agreement’s completion, are predicated on both the management’s beliefs and assumptions at the time regarding future events and current expectations. There are risks and uncertainties associated with these statements, many of which involve situations or variables beyond of M42’s control. M42 does not assume any responsibility to publicly update or amend any forward-looking statement due to new information, future events, or any other reason, unless required by law.
