Efforts to integrate blockchain technology into government operations may soon advance in the Philippines. Senator Bam Aquino announced plans to introduce a bill that would place the country’s national budget on a blockchain platform, aiming to enhance transparency and accountability in public spending.
Speaking at the Manila Tech Summit on Wednesday, Aquino explained that the proposed measure seeks to log all government budget transactions on-chain , where they would be viewable by citizens.
“No one is crazy enough to put their transactions on blockchain, where every single step of the way will be logged and transparent to every single citizen. But we want to start,” Aquino said at the event, according to local media.
In a separate Facebook post , the senator highlighted his inte