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The Philippine government has begun using blockchain technology to monitor the full lifecycle of its national budget, marking what officials say is a world-first implementation at this scale. According to Aguda, the system records every stage of the budget process,  from congressional approval and fund release to spending and reporting into a single, immutable digital ledger. He added that while other countries have experimented with blockchain for limited financial functions, the Philippines is the first to apply it to an entire national budget. By placing the entire budget on-chain, officials believe auditing and public oversight will become faster and more reliable. Read more in our articles including "Philippines Becomes First Country to Put Entire National Budget on Blockchain" and "Waze rolls out Motorcycle Mode, Philippines among first markets to get it".

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The Philippine government has begun using blockchain technology to monitor the full lifecycle of its national budget, marking what officials say is a world-first implementation at this scale. According to Aguda, the system records every stage of the budget process,  from congressional approval and fund release to spending and reporting into a single, immutable digital ledger.

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He added that while other countries have experimented with blockchain for limited financial functions, the Philippines is the first to apply it to an entire national budget. By placing the entire budget on-chain, officials believe auditing and public oversight will become faster and more reliable.

Where can I find articles about national budget?

Our coverage of national budget includes: "Philippines Becomes First Country to Put Entire National Budget on Blockchain"; "Waze rolls out Motorcycle Mode, Philippines among first markets to get it"; "TikTok tests AI tool to detect deepfakes using creators' likeness". Each article provides unique insights and information.