AMLC Executive Director Matthew David said the ₱125 million allocation includes funding for blockchain technology that AMLC plans to use in investigating money laundering and terrorism financing involving virtual assets.
Calamba Rep. filed House Bill 4611, seeking to mandate blockchain in all stages of the government’s budgeting process to promote transparency and citizen engagement.
Lawmakers and regulators praised BayaniChain’s blockchain projects for Baguio City and the DBM, calling them proof that tech can fight corruption and boost transparency.
He clarified that the DICT will return to the committee with a more detailed and accurate costing.
Poe’s proposal comes as Congress sees a wave of similar measures. Rep. Angelo Barba (Ilocos Norte) filed House Bill 4075 while Rep. Javier Miguel “Javi” Benitez (Negros Occidental, 3rd District) filed House Bill 4380 on September 10.
Rep. Javier Miguel Benitez files HB04380 to mandate a national blockchain system for the Philippine budget, aiming to improve transparency and public oversight.
The GoodGovChain records budgets, procurement data, and infrastructure projects on a hybrid public-private blockchain.
Mayor Benjie Magalong explores blockchain as a tool to enforce real transparency and accountability in Baguio City’s governance.
DICT Secretary Henry Aguda champions blockchain as a real solution to banking, real estate, and government challenges in the Philippines.
Ilocos Norte Rep. Angelo Marcos Barba recently filed a measure seeking to institutionalize the use of blockchain technology in government operations to promote transparency, accountability, and efficiency.
