Philippines Seeks to Revolutionize Budget Tracking with Blockchain

Senator Bam Aquino proposes a groundbreaking bill in the Philippines, aiming to revolutionize national budget tracking using blockchain technology. This ambitious initiative leverages existing infrastructure from the Department of Budget and Management (DBM) and utilizes platforms like BayaniChain’s Prismo and Polygon Network for transparent financial record-keeping. If successful, this could make the Philippines a global leader in blockchain-based fiscal governance. This could pave the way for increased efficiency, accountability, and transparency within government budgets.