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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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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

$ 0.0187

-0.18%

$ 0.00...361

$ 0.0312

$ 0.0869


Share:

In This News

Coins

$ 0.0187

-0.18%

$ 0.00...361

$ 0.0312

$ 0.0869


Share:

Read More

Coinbase Joins Corporate Shift Out Of Delaware, Chooses Texas For Legal Home

Coinbase Joins Corporate Shift Out Of Delaware, Chooses Texas For Legal Home

Coinbase, the largest U.S. cryptocurrency exchange, says it will shift its state of i...
Is Cypherpunk’s “encrypted Bitcoin” thesis a revival of privacy in crypto?

Is Cypherpunk’s “encrypted Bitcoin” thesis a revival of privacy in crypto?

When any of the Winklevoss brothers speak, the broader crypto community tends to list...