Sen. Bam Aquino files bill to use blockchain in national budget

Senator Bam Aquino is advocating for the adoption of blockchain technology in the Philippine national budget process through Senate Bill No. 1330, the National Budget Blockchain Act.

The bill aims to enhance transparency, accountability, and public accessibility of the national budget, empowering citizens to scrutinize government spending.

Aquino highlighted that blockchain's inherent transparency, honesty, and security are crucial for monitoring public funds and ensuring accountability.

He stated that putting the budget on the blockchain addresses the opacity of the current system and can help restore public trust in governance.

The proposed measure seeks to strengthen collaboration between government branches, civil society, and other stakeholders.