Philippines Paves the Way with Blockchain-Based National Budget System

The Philippines has taken a bold step towards transparency in government spending by introducing Senate Bill No. 1330, known as ‘Blockchain the Budget Bill.’ This revolutionary proposal aims to place the entire national budget on a blockchain platform, providing real-time public access to information and promoting accountability. Senator Mark Villar, who introduced the bill, envisions a future where every government expenditure can be verified and tracked instantly using tamper-proof blockchain technology. ]