Philippine Senator Bam Aquino intends to file a bill that would place the national budget on a blockchain to enhance transparency and accountability. In a recent Facebook post, Aquino stated he will propose the bill in the following weeks, aiming to integrate government budgeting and transactions onto a blockchain platform. During the Manila Tech Summit 2025, he highlighted the potential of technology to strengthen governance accountability, specifically mentioning blockchain-based budgeting to ensure citizens can track their tax contributions. This initiative follows previous developments in the Philippines, including efforts from the Blockchain Council of the Philippines to promote local blockchain adoption. The increasing government interest in blockchain for maintaining immutable records and transparency aligns with global trends, as seen in recent initiatives in the US and India that utilize blockchain for record-keeping and public transactions.

Source 🔗