Philippine lawmaker to propose putting government budget on blockchain
Philippine Senator Bam Aquino plans to propose a bill to put the national budget on a blockchain platform to enhance transparency and accountability in government spending. He mentioned this initiative during the Manila Tech Summit 2025, emphasizing how technology can strengthen governance accountability. Aquino aims to ensure that citizens can track every peso spent by integrating government budgets and transactions into a blockchain system. This proposal follows previous blockchain initiatives in the Philippines and aligns with a broader trend of governments globally adopting blockchain for immutable and transparent record-keeping. Additionally, the Blockchain Council of the Philippines has been promoting local blockchain adoption since 2023, with aspirations of making the Philippines a leading blockchain hub in Asia.
Source 🔗