A Memorandum of Understanding was signed between NOW Corporation (NOW) and UltraPass Identity Asia, Inc. (UltraPass ID) to offer decentralized identification solutions for safeguarding digital infrastructure and granting secure access to ICT systems and projects throughout the Indo-Pacific area, including the Philippines. The MOU was signed by the two companies during the US-PH Trade Mission, which was led by the U.S. Gina Raimondo, secretary of the Department of Commerce. In order to improve security, access, and user experience, NOW and UltraPass ID are both well-positioned to spur the adoption of biometrics, reusable identification, and privacy-preserving data sharing. With US$1.0 billion in US investments, the US-PH Trade Mission is the largest to date.
The affiliate of NOW Corp., NOW Telecom Company, Inc., obtained a grant from the U.S. Trade and Development Agency for the establishment of dependable and safe national 5G broadband and mobile networks in the Philippines. A complementary solution offering safe authentication into the network and to the enterprise market that NOW aims to secure is UltraPass ID's Decentralized Trust Platform. Eric Starr, Co-Founder and CEO of UltraPass ID, expressed excitement about the partnership with NOW Corp, stating, “This collaboration with NOW Corp propels our mission forward, bringing decentralized identity to the forefront of digital transformation in the Philippines. “He emphasized the role of the Decentralized Trust Platform in revolutionizing seamless, secure, and efficient interactions across government transactions, healthcare services, and financial operations,” Starr added. “We look forward to working with UltraPass ID in bringing in new technologies in securing high value data securely,” says Henry Andrews Abes, President and CEO of NOW Corporation. “This partnership bolsters the advocacy of the NOW Group’s offering of Trusted Network technologies to its customers,” Abes added. In addition to promoting economic growth for the Filipino people, the cooperation between NOW Corporation and UltraPass ID will help accomplish social and financial mobility, lower inequality, enhance health and education, and inspire US businesses to expand their investment in the Philippines.
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