A new bill seeks to place the Philippines’ national budget on blockchain, promising unmatched transparency and security.
One of the first senators to propose using blockchain technology to record government spending was Paolo Benigno “Bam” Aquino IV.
Observers believe the SBN 1330 bill will make the Philippines the first country to implement an all-on-chain budget system. Additionally, this would make everything more open and prevent corruption.
The legislation has the support of DICT Secretary Henry Aguda, who has pointed out the increasing usage of blockchain technology in government operations.
Aguda pointed out that the Department of Budget and Management, among other institutions, has been employing blockchain technology for the past year.
Blockchain Revolution: Government Budgets?
The Department of Budget and Management launched a blockchain platform based on BayaniChain in July 2025. It posts government budget reports to the Polygon networks so that the public can verify the important records, such as Special Allotment Release Orders.
Aguda predicts further applications of blockchain by the government in its services and transactions. He added how this type of technology can resolve actual concerns and make things efficient and secure sensitive information.
Efforts by the government to go digital with regard to security have involved the adoption of blockchain.
eGOVchain, a government chain of safe transactions that is included on blockchain, was also introduced by the Department of Information and Communications Technology (DICT). The system will make the country more transparent and will reduce the amount of fraud that occurs there.
Why This Bill Has the Power to Change the Governance of the Philippines.
According to Senator Aquino, citizens could become more capable of tracking their expended pesos, and this could encourage accountability.
Budget data cannot be distorted without a trace, as the blockchain is immutable. Aquino focused on how the bill could lead to transparency in the world.
With blockchain, government spending is constantly available to the general public in real-time. It may complicate corruption and promote more responsible use of funds.
The advocacy of Aquino is related to the increased presence of the Philippines as a regional digital innovation center.
ACT worked with YGG Pilipinas to host blockchain and digital career workshops. Such initiatives make people more aware of the non-financial capabilities of the technology.
The project is based on various successful government blockchain projects, such as the DBM platform and the eGOVchain system of the DICT.
According to BitPinas, DICT Secretary Henry Aguda lauded the technology as having demonstrated itself in government and the business world in the Philippines.
Announced publicly at the Manila Tech Summit, it was a good indication that there is a solid political intention to integrate blockchain into governance.
