The Philippine Senator Bam Aquino announced his intention to propose a bill that would lead the country’s national budget to a blockchain.
According to a Facebook publication of the publication of local business businessworld, Aquino plans to table the bill “in the next two weeks”. The measures “would integrate the government’s budget and transactions in a blockchain platform for better transparency”.
In a dedicated Facebook publication, Aquino said he explained how technology can “strengthen governance responsibility” during the Manila Tech Summit 2025. He also said that he had spoken of Blockchain technology in particular:
“I also talked about innovations such as budgeting based on blockchain to make each peso transparent and responsible. Using the blockchain for our budget, we can make sure that people know where each peso is going. ”
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The growing adoption of the growing blockchain of the Philippines
This is not the first initiative of this type in the Philippines. At the end of July, the Philippin government launched a document validation system based on the blockchain on Polygon, despite the network undergoing a partial breakdown on the same day.
The developments followed the local non -profit council of the Philippines Blockchain (BCP), which joined forces with the Ministry of Information and Communications Technologies to direct the local adoption of the Blockchain through a State partnership in 2023. In an interview with Cointelegraph held this summer, the founder of BCP, Donald Lim, said that the Philips were likely to adopt the blockchain:
“We very strongly hate that we can be the capital of Asia’s blockchain.”
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The adoption of blockchain by governments continues to grow
The adoption of the blockchain government, mainly aimed at ensuring transparency by providing still available and immutable files, is gaining ground. Earlier this month, the Secretary of the United States of Commerce Howard Lutnick said that the Ministry of Commerce will begin to publish economic statistics, including raw data from the domestic product, Onchain.
The initiative follows initiatives from the US state, such as a New Jersey tokenizer, 240 billion dollars of ownership acts or a member of the New York Assembly proposing to assess how blockchain could help protect the files of voters and election results. An initiative similar to that of New York was also seen in India, where the administration of a city has digitized all the land files dating from the 1950s and stored them on the avalanche blockchain.
Another recent example is the launch by Vietnam of a national blockchain platform designed to check digital transactions and recordings in various sectors last month.
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