Xode Blockchain Partners with iRemit and IOT Technology to Explore Digital Innovation
Xode Team ·
CEBU CITY, Philippines — Xode Blockchain, a Philippine-developed Layer 1 blockchain network, has signed separate Memoranda of Agreement (MOAs) with I-Remit, Inc. (iRemit) and IOT Technology Incorporated to explore the potential applications of blockchain technology across financial services, business operations, and digital innovation.
The agreements were signed on October 31, 2026, during a ceremony at Fili Ballroom 3, NUSTAR Resort, Cebu City. The event brought together representatives from the three companies, business associates, invited guests, and members of the media.
The partnerships mark an important step in Xode's efforts to bring blockchain technology closer to practical business applications, with potential opportunities spanning cross-border remittances, digital transaction records, business automation, and connected enterprise systems.
Through these collaborations, the companies aim to identify opportunities to improve operational efficiency, strengthen digital transaction processes, and explore technology-driven solutions for Filipino consumers and businesses.
Exploring Blockchain Applications in Remittances
Xode's partnership with iRemit focuses on exploring how blockchain infrastructure could support improvements in cross-border financial services.
Overseas Filipinos sent approximately US$35.6 billion in cash remittances through formal banking channels in 2025, based on figures cited from the Bangko Sentral ng Pilipinas (BSP). These remittances remain an essential source of income for millions of Filipino households and a significant contributor to the Philippine economy.
Despite their importance, the cost of sending money internationally remains a challenge. A 2026 analysis by the US Federal Reserve, based on World Bank data, placed the global average cost of sending US$200 at approximately 6.5% in 2025.
Against this backdrop, Xode and iRemit intend to explore how blockchain technology could contribute to more efficient transaction verification, settlement, reconciliation, and secure digital recordkeeping.
The collaboration will assess potential applications that could make remittance processes more efficient and dependable, subject to technical feasibility, applicable financial regulations, and security requirements.
"Every peso saved on transaction costs is another peso that can go home to a Filipino family," said Gahum Garcia, co-founder of Xode Blockchain. "For us, the importance of technology is not simply how advanced it becomes, but how much it can improve people's lives. Through partnerships with experienced industry players like iRemit, we have an opportunity to explore solutions that could bring real benefits to overseas Filipinos and their families."
I-Remit, Inc. is a Philippine remittance company publicly listed on the Philippine Stock Exchange. Its experience in international money transfers provides an established industry perspective as the companies explore how blockchain-based infrastructure might complement existing financial services.
Exploring Smarter Business Operations Through AI and IoT
Xode's agreement with IOT Technology Incorporated opens another area of collaboration, focusing on the potential integration of blockchain with artificial intelligence (AI), the Internet of Things (IoT), automation, and enterprise technologies.
IOT Technology Incorporated specializes in connected operational systems, intelligent automation, industrial IoT, and enterprise integration.
By exploring the integration of these capabilities with Xode's blockchain infrastructure, the companies aim to identify applications that could improve digital recordkeeping, data verification, operational transparency, and business processes.
Potential use cases include:
- Logistics and Fleet Management: Exploring more transparent and verifiable operational records across transportation and supply chains.
- Industrial Monitoring: Supporting connected systems through reliable data records and improved operational visibility.
- Automated Workflows: Exploring blockchain-enabled processes that could complement AI-powered business automation.
- Connected Enterprise Systems: Identifying opportunities to strengthen data integrity and coordination across business operations.
For businesses, these technologies could provide additional ways to improve coordination, strengthen accountability, and reduce operational inefficiencies.
The partnership will explore which applications may be technically and commercially viable for Philippine enterprises.
Building Blockchain Infrastructure in the Philippines
The two agreements also highlight the potential role of locally developed technology in supporting the Philippines' digital transformation.
As a Philippine-developed Layer 1 blockchain network, Xode provides foundational infrastructure for developers, organizations, and businesses exploring blockchain-based applications and services.
Through its ecosystem, Xode aims to support Filipino developers, encourage enterprise innovation, and expand blockchain adoption through strategic partnerships and real-world applications.
As artificial intelligence, digital finance, and automation continue to reshape industries, blockchain technology may offer additional opportunities to maintain verifiable transaction records, support digital asset applications, and strengthen accountability across digital systems.
For Xode, the priority is identifying practical applications that address actual business needs rather than pursuing technological innovation for its own sake.
A Step Toward Practical Digital Innovation
The MOA signings mark the beginning of collaborative efforts among Xode Blockchain, iRemit, and IOT Technology Incorporated.
Moving forward, the companies intend to explore potential applications, identify areas for technical and commercial cooperation, and assess opportunities to develop solutions suited to their respective industries.
Any future implementation will depend on technical development, commercial feasibility, and compliance with applicable regulatory requirements.
For Gahum Garcia, the partnerships reflect Xode's ambition to help position the Philippines not only as a user of emerging technologies but also as a contributor to the innovations shaping the future.
"We believe the Philippines should not only be a user of emerging technologies, but also a contributor to the technologies that will shape the future," he said. "These partnerships give us an opportunity to work with established businesses, understand real industry needs, and explore solutions that can make a difference. Ultimately, our goal is simple: to build technology that works for Filipinos."
Through these collaborations, Xode continues to explore how Philippine-developed blockchain infrastructure can connect with established industries, support digital transformation, and create opportunities for practical innovation.
About Xode Blockchain
Xode Blockchain is a Philippine-developed Layer 1 blockchain network focused on decentralized infrastructure, digital applications, and practical innovation.
Through its blockchain ecosystem, Xode aims to support developers, businesses, and institutions exploring applications involving verifiable transactions, digital assets, smart contracts, and connected technologies.
The company seeks to advance blockchain adoption through strategic partnerships, technology development, and real-world applications.
About I-Remit, Inc. (iRemit)
I-Remit, Inc. (iRemit) is a Philippine remittance company serving overseas Filipinos and their beneficiaries through its international remittance network.
Publicly listed on the Philippine Stock Exchange, the company provides remittance services through its offices, partners, and distribution channels across various international markets.
About IOT Technology Incorporated
IOT Technology Incorporated is a Philippine technology company specializing in connected enterprise solutions, artificial intelligence, the Internet of Things (IoT), automation, and digital operations.
Its technology platforms support applications in business processes, logistics, industrial operations, and connected enterprise systems.
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