“Philippine Senator Bam Aquino Proposes Blockchain Integration for National Budget Transparency and Accountability”

Philippine Senator Bam Aquino plans to introduce a bill that would place the country’s national budget on a blockchain to enhance transparency and accountability. Aquino aims to integrate government budget and transactions onto a blockchain platform for increased visibility. This move follows other blockchain initiatives in the Philippines, showcasing a growing trend of governmental adoption of blockchain technology worldwide. Examples include the Philippines’ blockchain-based document validation system and the US Department of Commerce publishing economic statistics on blockchain. Governments are increasingly turning to blockchain to ensure transparency and provide immutable records.

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