[Op-Ed] Ann Cuisia: Who Is Afraid of the CADENA Act?
Eight months after the Senate acted, the bill that would let Filipinos follow their own money is still waiting in the House
Eight months after the Senate acted, the bill that would let Filipinos follow their own money is still waiting in the House
Qadena Foundation’s Gail Cruz Macapagal highlighted the evolution of what would eventually become The Cadena Act
Civil society groups and web3 organizations launch a petition urging the Philippine House of Representatives to pass the CADENA blockchain budget transparency bill.
This filing marks the 13th bill introduced in the House of Representatives during the 20th Congress that seeks to utilize blockchain technology to enhance transparency and accountability in the Philippines’ national budget.
Former DICT Undersecretary Jeffrey Dy warned that putting budget records on-chain won’t prevent corruption, citing the flood control scandal as proof that blockchain without full implementation is ineffective.
Ann Cuisia warns that using blockchain only to verify documents ignores the real challenge of tracking public funds, calling instead for a ledger-based system that exposes how money flows.
The Philippines’ world-first on-chain budget is drawing expert fire over tech hype, transparency limits, and multi-million peso deals.
It mandaties the creation of a “National Budget Blockchain System” managed by the DICT, DBM, and COA.
Mamamayang Liberal Party-list Representative Leila de Lima officially filed House Bill No. 6898, a measure that seeks to place all government budget records on a public, immutable blockchain.
The CADENA Act seeks to digitize and democratize budget transparency in the Philippines, with tech leaders calling out lawmakers for stalling reform.