House Discusses to Consolidate 30 Blockchain and Budget Transparency Bills
DICT Undersecretary David Almirol Jr. provided technical clarity on how a blockchain-based government budget would actually function.
DICT Undersecretary David Almirol Jr. provided technical clarity on how a blockchain-based government budget would actually function.
Aquino highlighted the public’s demand for transparency amid ongoing economic challenges, particularly the rising costs of fuel.
Senator Bam Aquino announced that the chamber approved the bill “without objection” following the period of amendments.
The directive was issued during a meeting with the Legislative-Executive Development Advisory Council (LEDAC) on Tuesday morning, December 9.
The Senate backed the CADENA Act, a rebranded blockchain bill that mandates real-time, tamper-proof transparency in all government spending.
The CADENA Act seeks to digitize and democratize budget transparency in the Philippines, with tech leaders calling out lawmakers for stalling reform.
From committee debates to presidential approval, this guide breaks down how blockchain bills like the CADENA Act move through the Philippine legislative process.
At the Senate hearing on the CADENA Act, resource speakers shared a full slate of recommendations to make the bill more transparent, future-proof, and citizen-focused.
Lawmakers are being urged to include donations and disaster aid in the Cadena Bill, as tech leaders call out photo op politics and push for blockchain-based transparency.
Community thought leaders praised the revised CADENA Act (SB 1330) for shifting from a blockchain-focused proposal to a tech-neutral, citizen-centered transparency law.