DICT ICT Summit Ongoing, Zksync Airdrop | Key Points | June 18, 2024

Welcome back to BitPinas Key Points: easily digestible news in concise formats for easy reading. Happening right now is the ICT Summit of the Department of

The Department of Information and Communications Technology (DICT) is holding its ICT Summit, where Undersecretary David Almirol provided further details on the government's planned blockchain initiative.

Here are the key highlights from the summit:

The initiative aims to streamline data management across various government agencies, reducing redundant data entry and improving efficiency.

It also aims to eliminate issues related to hacking, which was a headache because of increasing reports of government agencies’ databases being hacked.

Currently, the system has only one node, meaning it is not yet a fully decentralized blockchain.

Two more nodes will be set up by partners. In this way, even if the government node fails, the data will still be secure.

ZKsync launched the airdrop of its ZK token, with 45% of the tokens claimed within two hours.

The total market cap of ZK tokens reached nearly $800 million after the airdrop.

However, Binance faced technical issues delaying the listing of ZK tokens

Matter Labs plans to distribute the remaining tokens, with a significant portion allocated to users and ecosystem contributors.