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At its core, NOAH is a cryptocurrency platform born from the vision of creating a comprehensive ecosystem that enhances financial transactions between Japan and the Philippines. Initiated in 2016 by the Noah Project, the mission of NOAH is to harness the transformative potential of blockchain technology. The platform is designed to cater to various economic activities, including remittances, business-to-business (B2B) payments, and business-to-consumer (B2C) transactions.
The relevance of the NOAH project grows in the context of the substantial remittance flows from Japanese expatriates in the Philippines as well as bilateral trade. NOAH aims to streamline these transactions, lower costs, and improve reliability, thereby promoting stronger economic ties and greater societal benefits.