Philippines Eyes ₱500M Blockchain System to Track National Budget

The House of Representatives has introduced House Bill 4489, seeking ₱500 million in initial funding to launch a National Budget Blockchain System that records all budget allocations, procurement, and expenditures on an immutable and publicly accessible platform. Backed by Rep. Brian Poe Llamanzares and other lawmakers, the proposal aims to boost transparency, accountability, and citizen participation in the budget process while reducing corruption risks.