TraXion, a transaction management company that uses blockchain technology to tackle major concerns associated with financial services platforms in agriculture and micro-entrepreneurship, has launched “Kadena Hub,” a co-working space that will house, incubate, and accelerate upcoming startups in Davao City.
In its unveiling ceremony on Sunday, Traxion chiel executive officer Ann Lindayag and other company executives unveiled the plans for Kadena Hub, which will serve as the Philippines’ first blockchain incubation hub and center of excellence that will sit 120 people in a modern-industrial space.
It will rise at Mabini corner Araullo St., Barangay 9-A, Poblacion, Davao City.
By January 2019, the hub will start to train young developers in the field of blockchain and artificial intelligence.
“A lot of innovative projects focused on blockchain will be housed here to support our growing network from Mindanao. The hub will enable startups to have access to technology, digital asset, network, market, mentorship, and of course funding! We welcome startups this coming 15th of January to check us out and apply for incubation,” Lindayag said.
Kadena Hub is one of the projects of Traxion under its “One Mindanao” program, which sees an opportunity to create an inclusive ecosystem that connects the smallest micro-entrepreneurs to the largest businesses in Mindanao to create one economic force in the region.
Traxion aims to provide access to indigenous people and farmers the services such as payments, healthcare, remittance services aligned to its goal in promoting blockchain for the common good.
TraXion would provide peer-to-peer lending, a channel to give to charities, paying utility bills, digital wallet, remittance, and access to government services.