Philippine Senator Proposes Blockchain for National Budget Transparency
In a significant move towards enhancing governmental transparency, Philippine Senator Bam Aquino has announced plans to introduce legislation advocating for the integration of the country’s national budget into a blockchain platform. This initiative, aimed at fostering greater accountability in government financial transactions, was disclosed in a recent Facebook post by the senator himself, as well as by the local news publication BusinessWorld.
Aquino revealed his intentions to file the bill within the upcoming weeks, aiming to leverage blockchain technology to enable citizens to track public spending with precision. His proposal emerged during the Manila Tech Summit 2025, where he emphasized how technological advancements, particularly blockchain, could bolster accountability in governance.
In his dedicated Facebook post, Aquino articulated the potential of blockchain-based budgeting systems, stating: “I also talked about innovations like blockchain-based budgeting to make every peso transparent and accountable. By using blockchain for our budget, we can ensure people know where every peso goes.“
The Philippines’ Growing Blockchain Adoption
This proposal by Senator Aquino is part of a broader trend of blockchain adoption in the Philippines. In July 2025, the Philippine government launched a blockchain-based document validation system on the Polygon network, which, despite facing a partial outage on launch day, marked a significant step in digital innovation.
The Philippine initiative is bolstered by the local nonprofit Blockchain Council of the Philippines (BCP), which has been collaborating with the Department of Information and Communications Technology since 2023 to drive blockchain adoption. BCP founder Donald Lim expressed confidence in the nation’s potential, stating, “We feel very strongly that we can be the blockchain capital of Asia.”
Global Momentum in Government Blockchain Adoption
Governments worldwide are increasingly turning to blockchain technology to ensure transparency and maintain immutable records. This month, US Commerce Secretary Howard Lutnick announced plans for the Department of Commerce to publish economic statistics, including GDP data, on blockchain.
Similar initiatives have been observed across the United States, such as a New Jersey county tokenizing $240 billion in property deeds and a proposal in New York to explore blockchain’s role in securing voter records and election results. In India, a town administration digitized land records dating back to the 1950s using the Avalanche blockchain, showcasing the global trend towards embracing blockchain for transparency and record-keeping.
Vietnam also recently launched a national blockchain platform to verify digital transactions, illustrating the diverse applications of blockchain technology across sectors and regions.
For further details on this development, visit the source article on Cointelegraph.
