{"id":35839,"date":"2025-08-28T07:39:48","date_gmt":"2025-08-28T07:39:48","guid":{"rendered":"https:\/\/dev.tradesilvania.com\/blockchain-for-government-funds-philippines-considers-bold-move\/"},"modified":"2025-08-28T07:39:48","modified_gmt":"2025-08-28T07:39:48","slug":"blockchain-for-government-funds-philippines-considers-bold-move","status":"publish","type":"post","link":"https:\/\/www.tradesilvania.com\/en\/news\/blockchain-for-government-funds-philippines-considers-bold-move\/","title":{"rendered":"Blockchain for government funds: Philippines considers bold move"},"content":{"rendered":"<p>\n                <img decoding=\"async\" src=\"https:\/\/www.tradesilvania.com\/wp-content\/uploads\/2025\/12\/Blockchain-for-government-funds-Philippines-considers-bold-move.jpg\" alt=\"Blockchain for government funds: Philippines considers bold move\" \/>\n            <\/p>\n<p>Philippine Senator Bam Aquino has announced plans to file a bill that would place the country\u2019s national budget on a blockchain platform, local media reported. The statement was made on Wednesday during the Manila Tech Summit.<\/p>\n<p>Aquino explained that the bill will be introduced in the coming weeks, with the main objective of increasing transparency in managing public funds. \u201cWe want to begin the process of digitalizing the budget and government transactions through a blockchain system,\u201d the senator said, as quoted by BusinessWorld.<\/p>\n<p>In a separate Facebook post, Aquino added that such a measure could make the Philippines the first country in the world to manage its budget on blockchain.<\/p>\n<p>The announcement comes a month after the Department of Budget and Management launched a blockchain-based validation system on Polygon to prevent forgery and the use of fake government documents.<\/p>\n<p>Meanwhile, governments worldwide are exploring blockchain applications in the public sector. In the United States, the Department of Commerce recently announced that it will begin publishing economic data, including GDP figures, using a blockchain-based system.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>            Philippine Senator Bam Aquino has announced plans to file a bill that would place the country\u2019s national budget on a blockchain platform, local media reported. The statement was made on Wednesday during the Manila Tech Summit.<\/p>\n<p>Aquino explained that the bill will be introduced in the coming weeks, with<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[95],"tags":[99,98],"class_list":["post-35839","post","type-post","status-publish","format-standard","hentry","category-news","tag-en","tag-news"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Blockchain for government funds: Philippines considers bold move<\/title>\n<meta name=\"description\" content=\"Philippines explores blockchain for national budget. Blockchain could boost transparency and reshape Philippine governance.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.tradesilvania.com\/en\/news\/blockchain-for-government-funds-philippines-considers-bold-move\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Blockchain for government funds: Philippines considers bold move\" \/>\n<meta property=\"og:description\" content=\"Philippines explores blockchain for national budget. Blockchain could boost transparency and reshape Philippine governance.\" \/>\n<meta property=\"og:site_name\" content=\"Tradesilvania\" \/>\n<meta property=\"article:published_time\" content=\"2025-08-28T07:39:48+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.tradesilvania.com\/wp-content\/uploads\/2025\/12\/Blockchain-for-government-funds-Philippines-considers-bold-move.jpg\" \/>\n<meta name=\"author\" content=\"Ciprian Dobrescu\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Ciprian Dobrescu\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/www.tradesilvania.com\/en\/news\/blockchain-for-government-funds-philippines-considers-bold-move\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.tradesilvania.com\/en\/news\/blockchain-for-government-funds-philippines-considers-bold-move\/\"},\"author\":{\"name\":\"Ciprian Dobrescu\",\"@id\":\"https:\/\/www.tradesilvania.com\/en\/#\/schema\/person\/8b618e5f08987bd1790437e243343e0e\"},\"headline\":\"Blockchain for government funds: Philippines considers bold move\",\"datePublished\":\"2025-08-28T07:39:48+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.tradesilvania.com\/en\/news\/blockchain-for-government-funds-philippines-considers-bold-move\/\"},\"wordCount\":183,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/www.tradesilvania.com\/en\/#organization\"},\"image\":{\"@id\":\"https:\/\/www.tradesilvania.com\/en\/news\/blockchain-for-government-funds-philippines-considers-bold-move\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.tradesilvania.com\/wp-content\/uploads\/2025\/12\/Blockchain-for-government-funds-Philippines-considers-bold-move.jpg\",\"keywords\":[\"en\",\"News\"],\"articleSection\":[\"News\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.tradesilvania.com\/en\/news\/blockchain-for-government-funds-philippines-considers-bold-move\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.tradesilvania.com\/en\/news\/blockchain-for-government-funds-philippines-considers-bold-move\/\",\"url\":\"https:\/\/www.tradesilvania.com\/en\/news\/blockchain-for-government-funds-philippines-considers-bold-move\/\",\"name\":\"Blockchain for government funds: Philippines considers bold move\",\"isPartOf\":{\"@id\":\"https:\/\/www.tradesilvania.com\/en\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.tradesilvania.com\/en\/news\/blockchain-for-government-funds-philippines-considers-bold-move\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.tradesilvania.com\/en\/news\/blockchain-for-government-funds-philippines-considers-bold-move\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.tradesilvania.com\/wp-content\/uploads\/2025\/12\/Blockchain-for-government-funds-Philippines-considers-bold-move.jpg\",\"datePublished\":\"2025-08-28T07:39:48+00:00\",\"description\":\"Philippines explores blockchain for national budget. 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