The Philippines has become the first country to adopt a blockchain system for its entire national budget, aiming to enhance transparency and deter misuse of public funds. The initiative, named the Digital Bayanihan Chain, digitizes the full budget cycle—from congressional approval through disbursement to reporting—creating a tamper-proof record of government spending. Officials say the Philippines is the first in Asia to apply blockchain to national budgeting, with plans to have the entire budget on-chain by year-end. The move is intended to provide a permanent digital receipt for taxpayers’ money that cannot be altered or falsified.
The Philippines has announced the world’s first nationwide blockchain-based budget system. The Digital Bayanihan Chain will digitize the full budget cycle—from congressional approval through disbursement to reporting—creating a tamper-proof ledger of government spending. Officials say the move positions the country as a regional leader in government transparency and aims to deter misuse of public funds. Asia’s first implementation of on-chain budgeting, the initiative plans to have the entire budget on-chain by year-end.
The system is designed to provide a permanent digital receipt for taxpayers’ money that cannot be altered or falsified, with disbursements and reporting stored on an immutable ledger. By moving budget governance onto blockchain, the Digital Bayanihan Chain seeks to improve auditability and public trust across the budget cycle. The ICT department will implement the program in coordination with fiscal agencies, ensuring transparent access to budget data while safeguarding sensitive information.
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