Protectoria Global Inc, Manila, (the subsidiary of Protectoria Venture AS, Oslo) signs MoU for cooperation with Quezon City to develop and operate a digital infrastructure for Senior Citizens
The purpose of the MOU is to establish a framework of close cooperation and collaboration among the Parties leading to developing and operating a user-friendly, fast, scalable, secure and compliant digital identity service to streamline processes availing of senior citizens benefits. The service will provide the Office for the Senior Citizens’ Affairs (OSCA) with insight on how digital offering can improve the processes of securing discounts to Senior Citizens. One of the aspects is centralization of the rollout of QC OSCA-provided services to improve the reliability of the services.
The MoU specifies the duties and obligations of respective parties. The obligations of PGI include development and operating digital solutions based on Protectoria Venture’s SSI and cloud-based secured platform for identity, authentication and signature (My IDentity System). PGI will also cover technical support and operational assistance to QC OSCA during the enrollment process of senior citizens.
The MoU is an important step towards a comprehensive agreement to provide services to QC OSCA, which will allow OSCA to issue and manage digital identities based on open international standards, granting users full control over their own data. Operations are planned to start in 2023 and will involve all Senior Citizens of Quezon City. Quezon City has 3,6m inhabitants, including 300 000 senior citizens and 74 000 merchants.
The parties are confident that the developed digital infrastructure will provide a significant efficiency gain in a system based on mutual trust. One of the expected benefits is efficient handling of discounts provided to Senior Citizens, reducing fraud and lowering costs, with a passwordless single smartphone user experience.
It is the parties’ intention to conclude a final agreement upon the start of operations, which will depend on financing initial investments for building and finalising the complete infrastructure.
About Protectoria Global Inc.
Protectoria Global Incorporated, (PGI) is a Philippine company with offices in Manila, 100% owned by Protectoria Venture AS (PV), a Norwegian Identity Infrastructure Service company with offices in Oslo and Berlin.
Digital identity is the backbone of digital transactions. Significant market growth is expected for decentralized digital infrastructure services based on Self-Sovereign Identity (SSI) and blockchain technologies. The company aims to benefit from a first mover advantage to take a leading position in the fast growing market for decentralized digital identity infrastructure.
PGI aims at a market leading position for these services in the Philippines. PGI has secured the exclusivity to resell PV’s digital Identity Infrastructure Services for the Philippines, which is the underlying infrastructure of the services to be integrated. PGI has a vision to “empower people to become sovereign citizens”.
About Protectoria Venture AS
is a Norwegian company with offices in Oslo, Berlin and Manila which develops and operates a secure cloud infrastructure managing digital identities as a service, called Self Sovereign Identity (SSI) and blockchain technology and integrates proprietary technology for securing transactions.
Protectoria Venture has a vision to “empower people to become sovereign citizens”.
The company seeks partnerships and joint-ventures with industry-leading players, state-owned enterprises and investors with high-end transaction security projects governed under philanthropic objectives.
Digital identities are the backbone of digital transactions. Significant market growth is expected for decentralized digital infrastructure services based on Self-Sovereign Identity (SSI) and blockchain technologies. Protectoria Venture aims to benefit from a first mover advantage to to take a leading position in the fast growing target markets internationally, all from emerging markets in ASEAN to the realization of the Pan-European digital ID based on decentralized digital identity infrastructures.
More information:
Trond Lemberg; CEO; trond.lemberg@protectoria.com
Mobile phone: + 47 414 87 310
Erik Storelv, CFO; erik.storelv@protectoria.com
Mobile phone: +47 46 52 22 00
