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Philippines’ Plan to Making Every Peso Traceable; Put National Budget On-Chain


by Peter Mwangi
for CoinEdition

Share:

Philippine senator's proposal to put the national budget on a blockchain could be a global first.
  • Philippine senator has proposed putting the country’s entire national budget on a blockchain.
  • The plan would expand an existing government platform that already uses Polygon to track documents.
  • The goal is to create real-time transparency and accountability for all government spending.

Philippine Senator Bam Aquino wants to put the country’s entire national budget on a blockchain. 

Speaking at the Manila Tech Summit, he said a blockchain-based system would make every single peso spent traceable in real time. While he admits the political support is uncertain, the move would be a bold step, potentially making the Philippines the first nation to move its entire budget on-chain.

Is the Philippine Government Already Using Blockchain?

Yes, this proposal builds on a system that is already live. Th…

The post Philippines’ Plan to Making Every Peso Traceable; Put National Budget On-Chain appeared first on Coin Edition.

Read the article at CoinEdition

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In This News

Coins

$ 0.0184

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$ 0.00...361

$ 0.0312

$ 0.0869


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Philippines’ Plan to Making Every Peso Traceable; Put National Budget On-Chain


by Peter Mwangi
for CoinEdition

Share:

Philippine senator's proposal to put the national budget on a blockchain could be a global first.
  • Philippine senator has proposed putting the country’s entire national budget on a blockchain.
  • The plan would expand an existing government platform that already uses Polygon to track documents.
  • The goal is to create real-time transparency and accountability for all government spending.

Philippine Senator Bam Aquino wants to put the country’s entire national budget on a blockchain. 

Speaking at the Manila Tech Summit, he said a blockchain-based system would make every single peso spent traceable in real time. While he admits the political support is uncertain, the move would be a bold step, potentially making the Philippines the first nation to move its entire budget on-chain.

Is the Philippine Government Already Using Blockchain?

Yes, this proposal builds on a system that is already live. Th…

The post Philippines’ Plan to Making Every Peso Traceable; Put National Budget On-Chain appeared first on Coin Edition.

Read the article at CoinEdition

In This News

Coins

$ 0.0184

-3.44%

$ 0.00...361

$ 0.0312

$ 0.0869


Share:

In This News

Coins

$ 0.0184

-3.44%

$ 0.00...361

$ 0.0312

$ 0.0869


Share:

Read More

Cardano (ADA) Price Prediction: ADA Stabilizes at Mid-Range Support as Open Interest Surges

Cardano (ADA) Price Prediction: ADA Stabilizes at Mid-Range Support as Open Interest Surges

Cardano is attempting to stabilize after several weeks of downside pressure, yet mark...
First XRP ETF (XRPC) Launched, Now MOG ETF Filed: Canary Capital’s Aggressive New Strategy

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