Inquirer
Marcos sees potential of blockchain technology in budget process
President Ferdinand "Bongbong" Marcos Jr. expressed openness to using blockchain technology to enhance transparency in the national budget and government projects.
He noted that while blockchain is a potential solution, existing rules have been overlooked in recent years.
Senator Bam Aquino is pushing for Senate Bill 1330, the Philippine National Budget Blockchain Act, which aims to strengthen collaboration among government branches and other groups.
Representative Javi Benitez has also introduced a similar House Bill 4380.
These proposals intend to modernize budget transparency and accountability by making national budget information publicly accessible and tamper-proof through blockchain technology.
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