Philippine Senator Bam Aquino calls for the national budget to be stored on Polygon

Philippine Senator Bam Aquino has proposed a groundbreaking initiative: recording the national budget on Polygon, a leading blockchain network.

By applying blockchain technology, this plan aims to build a system that allows for transparent tracking of all allocations and expenditures in real-time. This solution is expected to limit opportunities for corruption, minimize waste, and reinforce public trust in government spending activities.

With immutable data stored on Polygon, citizens, organizations, and regulatory agencies will have unprecedented access to budget information, ensuring accountability at every stage of financial management. This proposal emphasizes the growing role of blockchain beyond cryptocurrency, paving the way for governance reform and potentially serving as a model for other countries in promoting financial transparency.