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Senator Bam Aquino wants to place the Philippines’ national budget on blockchain.
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The proposal aims to make every peso “transparent and accountable.”
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If passed, the Philippines could be the first country with blockchain-based budgeting.
Proposal for Transparency
Senator Bam Aquino announced plans to file a bill placing the Philippine government’s budget on a blockchain platform. He presented the idea at the Manila Tech Summit, saying the system would make every transaction transparent to citizens.
Early Steps in Blockchain Governance
Aquino argued blockchain-based budgeting could help restore trust by creating a tamper-proof system. The move builds on the Department of Budget and Management’s recent Polygon-based document validation project.
Challenges and Global Context
Aquino admitted he was unsure how much support the proposal would receive. Still, it aligns with global experiments in blockchain governance — the U.S. recently announced plans to publish GDP statistics on blockchain, and the Philippines is already considering a strategic bitcoin reserve bill.
