Senator Bam Aquino has announced his intention to introduce a bill proposing the use of blockchain technology for storing the Philippines’ national budget, aiming to enhance transparency in government finances. This initiative, according to Cointelegraph, will integrate the budget and transactions into a blockchain system, ensuring accountability by tracking every peso. Aquino shared his plans during the Manila Tech Summit 2025, highlighting the role of technology in improving governance accountability and the potential of blockchain for achieving this goal. His statements were also reported by local TV news channel Bilyonaryo, reflecting growing interest in blockchain in the Philippines. This move builds on a broader trend of blockchain adoption within the country, exemplified by the Philippine government’s launch of a blockchain-based document validation system in July, supported by the Blockchain Council of the Philippines (BCP). The BCP has been working with the Department of Information and Communications Technology to promote blockchain adoption since 2023. This initiative follows successful trials like tokenizing property deeds in New Jersey and exploring blockchain’s role in securing voter records in New York, demonstrating a global trend of governments embracing blockchain for increased transparency and efficiency. The US Commerce Secretary Howard Lutnick has also announced plans to publish economic statistics on the blockchain, highlighting the increasing recognition of blockchain’s potential to transform government operations.