Philippines Eyes Blockchain Budget: Revolutionizing National Finances?

The Philippines is poised to become a global pioneer in on-chain governance by converting its national budget to blockchain technology. This ambitious proposal aims to achieve unprecedented fiscal transparency, ensuring every peso of public spending is meticulously tracked and readily accessible to the public. While still in its conceptual stage, the plan has sparked both excitement and debate, with experts weighing the potential benefits and challenges this revolutionary approach holds for government transparency and accountability.