Philippine Lawmaker Prepares Bill to Manage National Budget via Blockchain

During the Manila Tech Summit on Wednesday, Philippine Senator Bam Aquino announced that he will submit a bill within a few weeks to manage the national budget and financial transactions on a blockchain platform. The bill aims for complete transparency in government spending and enhanced public monitoring. Senator Aquino stated, 'No one would be foolish enough to put their transactions on the blockchain where every step is recorded and made transparent to all citizens. However, we want to start.' In a Facebook post, he emphasized building a system that makes 'every peso transparent and accountable.' This announcement...