According to Department of Information and Communications Technology (DICT) Sec. Henry Aguda, the government is taking concrete steps to test whether blockchain can make the Philippine national budget more open and traceable.

He told the Malacañang Press Corps that a working prototype will be shown to senators and representatives to prove the idea can work. The move comes as lawmakers push a bill that would put budget documents and transaction records on a distributed ledger for public verification.

DICT Moves To Build Prototype

Aguda said the country has “a lot of experts on blockchain,” and that one of his tasks is to provide a minimum viable product so lawmakers can see a live demo before any full rollout.

He also mentioned that the DICT has been experimenting with stablecoin sy

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