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Philippines Eyes Blockchain for National Budget — Is It Realistic?
Philippine Senator Bam Aquino has proposed an ambitious plan to place the country’s national budget on blockchain, promising to make every peso spent by the government fully traceable to citizens. If realized, the move would make the Philippines the first country to achieve such a feat and represents a dramatic step forward in the growing global trend of governments exploring blockchain applications. On Wednesday, Aug. 27, during the Manila Tech Summit, Aquino suggested a proposal to put the national budget on blockchain. “No one is crazy enough to put their transactions on blockchain, where every single step of ... (full story)
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