Philippine Lawmaker to Propose Putting Government Budget on Blockchain

Philippines considers putting $95 billion national budget on blockchain

Philippines Eyes Blockchain for Transparent National Budget

Senator Aquino proposes blockchain to track every peso in the national budget system. Blockchain could make the Philippine government’s spending fully visible and tamper-proof. The initiative reframes crypto tech as civic infrastructure, not just speculative hype. Philippine Senator Bam Aquino has announced plans to propose a bill that would place the national budget on a blockchain platform. Speaking at the Manila Tech Summit, Aquino highlighte…

Philippine Lawmaker Introduces Blockchain Proposal for Transparent Government Budget

The Philippines is making strides in utilizing blockchain technology to enhance government transparency and accountability. The country’s House of Representatives has approved a bill that aims to leverage blockchain for the management of the national budget, marking a significant move towards integrating cryptocurrency and distributed ledger technology into public administration. Blockchain to Improve Budget Transparency The new legislation seek…

Philippine Senator Pushes National Budget on Blockchain

Philippine Senator Bam Aquino announced his intention to propose a bill that would lead to the country’s national budget being saved on a blockchain. According to a Facebook post by local news publication BusinessWorld, Aquino plans to file the bill “in the next couple of weeks.” The measures would “integrate the government’s budget and transactions into a blockchain platform for better transparency.” In a dedicated Facebook post, Aquino recount…

Philippine lawmaker to propose putting government budget on blockchain

Senator Bam Aquino plans legislation to place the Philippines’ national budget on a blockchain, aiming to make spending more transparent and accountable.

Blockchain Budget Proposal in the Philippines for Transparency

A Decisive step toward on-chain governance The Philippines is on the verge of pioneering a daring governance experiment: converting its national budget to blockchain. A senator recently recommended that every peso of public spending be tracked on a distributed ledger. The effort, which is still in the conceptual stage, intends to make fiscal flows transparent and tamper-proof. The blockchain budget plan has elicited both acclaim and criticism, w…