Philippine Government Eyes Blockchain for Budget Transparency
Philippine senator Bam Aquino plans to file a bill that would put the country’s national budget on a blockchain, allowing government spending to be totally transparent and traceable. As indicated by BusinessWorld, Aquino plans to submit the measure in a few weeks, which will integrate government workflows and budget data into a blockchain.
Aquino noted at the Manila Tech Summit 2025 that technology plays a major role in strengthening accountability.
“I also talked about technologies like a budget using blockchain so that every peso will be transparent and accountable. When our budget is on the blockchain, people will know where every peso goes.”
The Philippines’ Expanding Blockchain Initiatives
The Philippines has previously tried to adopt blockchain technology. In the final week of July, the government deployed a blockchain-based document authentication solution on Polygon, albeit with minor outages on the launch day.
The project builds on earlier initiatives of the Blockchain Council of the Philippines (BCP) (local chapter), which teamed up with the Department of Information and Communications Technology (DICT) in 2023 to promote state-backed blockchain adoption. According to Cointelegraph, BCP founder Donald Lim declared that the Philippines has the potential to become the blockchain capital of Asia.
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Global Government Blockchain Trends
Following the global trend of government blockchain adoption, the Philippines is moving in the same direction. The U.S. Department of Commerce will begin publishing data including GDP statistics onchain. A New Jersey county’s decision to tokenize $240 billion worth of property deeds is similar to New York lawmakers exploring the use of blockchain to protect voter records.
The Avalanche blockchain is being used by India to digitize decades-old land records; while Vietnam recently launched a national blockchain platform for digital transactions and records across various sectors.
Why Blockchain Matters for Government Accountability
Public finance adopts the blockchain so that official documents or other information will be available, immutable, and always accessible. Senator Bam Aquino’s proposal “An Act to Create the Blockchain-based National Budget Platform” could easily become a first-of-its-kind in Southeast Asia, proving how the use of blockchain will show the people the government’s transparency over its budgeting process and beyond.
