Philippine-developed layer-1 blockchain Xode Blockchain is moving deeper into enterprise markets through separate partnership agreements with remittance provider iRemit Inc. and IoT Technology Inc. The companies signed the agreements with Xode on Oct. 31, 2026, establishing a framework for integrating the blockchain network into existing commercial processes.

The collaborations will explore blockchain applications designed to improve cross-border money transfers, agricultural data management and broader business operations, as Xode works to extend the technology beyond digital asset use cases into financial services, agriculture and industrial automation.

Xode and iRemit Target More Efficient Cross-Border Payments

Under its agreement with iRemit, Xode will examine how blockchain infrastructure can improve international money transfers by streamlining transaction processing, verification and reconciliation. The proposed integration aims to establish a transparent, tamper-resistant record of transactions from the initial sender to the final beneficiary.

By giving participating parties access to a shared transaction record, the companies expect to reduce operational inefficiencies and improve the reliability of remittance processing.

The initiative addresses a significant segment of the Philippine economy, where overseas Filipino workers (OFWs) regularly send money home to support their families. According to the Bangko Sentral ng Pilipinas, overseas Filipinos transferred $35.6 billion through formal banking channels in 2025. Meanwhile, figures cited by Xode from a 2026 US Federal Reserve analysis of World Bank data indicated that the global average cost of sending $200 stood at approximately 6.5% in 2025 — roughly $13 in fees on a $200 remittance.

Xode co-founder and president Gahum Vincent Garcia said blockchain-based transaction records could help reduce inefficiencies in international transfers and improve settlement transparency. He also emphasized that lowering transaction expenses could increase the amount of money that ultimately reaches recipient families.

iRemit Expects Lower Operating Costs for OFWs

For iRemit, integrating blockchain technology could reduce administrative expenses by automating certain processes and lowering manpower requirements. The resulting cost savings could give the company greater flexibility to offer competitive foreign exchange rates, discounts and promotional incentives to overseas workers.

iRemit chief operating officer Ma. Cristina Castillejo said the company expects automation to reduce operational costs, potentially allowing more resources to be directed toward improving services for OFWs. The initial implementation will concentrate on strengthening existing remittance operations rather than immediately introducing more advanced digital financial products.

Castillejo also highlighted the importance of customer education and transaction security before expanding the company's blockchain-based financial services.

iRemit currently provides several payment options, including bank-to-bank transfers, cash pickups and door-to-door delivery. Its services also cover government contribution payments and real estate collections.

Xode and IoT Technology Explore Blockchain-Based Agricultural Data

The second partnership will focus on combining blockchain infrastructure with Internet of Things (IoT) devices and artificial intelligence for enterprise applications.

IoT Technology president Warren Enteria said the proposed agricultural project would use sensor-equipped drones to collect information related to farming activities and carbon measurements. The collected data would subsequently be recorded on Xode's blockchain network, creating a traceable digital repository.

The initiative could eventually support the development of carbon credits by providing landowners with verifiable agricultural and carbon-related records that may be used when offering credits to prospective buyers, subject to government standards and certification requirements.

The companies are still evaluating the pilot project's technical and operational requirements, including funding, deployment capacity and resource allocation. Beyond agricultural applications, the agreement will explore opportunities in logistics, fleet management, manufacturing, industrial monitoring and business automation.

Xode Positions Its Layer-1 Network for Enterprise Adoption

Xode describes itself as a Philippine-developed layer-1 blockchain, meaning it operates an independent underlying network that developers and businesses can use to build applications and services.

The company indicated that the agreements establish the foundation for further collaboration, although actual implementations will depend on technical development, commercial feasibility and applicable regulatory requirements.

Garcia said partnerships with established businesses would help Xode understand industry-specific requirements and develop blockchain applications capable of addressing existing operational challenges. The collaborations could also create opportunities for Filipino developers and technology companies to participate in enterprise blockchain development.

By pursuing applications across remittances, agriculture and industrial operations, Xode is seeking to demonstrate how blockchain infrastructure can deliver practical efficiencies for businesses while supporting broader digital transformation in the Philippines. Near-term developments to track include iRemit's initial focus on strengthening its existing remittance operations and the outcome of the agricultural pilot's ongoing evaluation of funding, deployment capacity and resource allocation.