Exploring Blockchain and Flood Control Projects in the 2026 National Budget
Enhancing Budget Transparency with Blockchain
President Ferdinand Bongbong Marcos Jr. recently highlighted blockchain as a promising solution for ensuring transparency in the 2026 national budget. Speaking in the BBM Podcast, he reflected on the need for innovative technologies like blockchain to reform traditional budget practices. 'Blockchain is something that could work,' Marcos stated, emphasizing the significance of adhering to established rules in budget management.
Legislative Steps Toward Blockchain Implementation
Several lawmakers are rallying for the adoption of blockchain to house the country’s budget documents, creating a tamper-proof digital ledger of all fiscal transactions. Notably, Senator Bam Aquino's Senate Bill 1330 aims to establish the Philippine National Budget Blockchain Act, illustrating a significant move towards modernizing budget transparency.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.