Disclaimer: This article is for informational purposes only and does not constitute financial advice. BitPinas has no commercial relationship with any mentioned entity unless otherwise stated.
📬 Get the biggest crypto stories in the Philippines and Southeast Asia every week — subscribe to the BitPinas Newsletter.
by Shiela Bertillo, Nath Cajuday, and Michael Mislos
Senator Paolo Benigno “Bam” Aquino IV, chairperson of the Senate Committee on Science and Technology and principal author of Senate Bill No. 1330 or the “Blockchain the Budget Bill,” presided over a public hearing on Thursday, October 2, 2025, to discuss the proposal to place the national budget on blockchain.
Blockchain Bill Hearing – Who Are in Attendance?
BitPinas is confirming that the following industry personels are present in the Senate hearing either in attendance or as resource persons:
- Donald Lim – (Dito CME) Founding Member, Blockchain Council of the Philippines
- Ida Tiongson – Founding Member, Blockchain Council of the Philippines
- Mark Gorricetta – (Goricetta Law Firm) Founding Member, Blockchain Council of the Philippines
- Jiro Reyes – Bitskwela, Blockchain Councol of the Philippines
Latest Updates
Blockchain The Budget Bill – What You Need To Know
Formally titled the Philippine National Budget Blockchain Act, Senate Bill No. 1330 seeks to establish a National Budget Blockchain System to improve transparency, accountability, and citizen participation in the budget process.
Key provisions include:
- Blockchain-based Budget System – All national budget transactions, from preparation and legislation to disbursement and audit, will be recorded on a blockchain ledger as Digital Public Assets (DPAs).
- Public Access – A real-time, public-facing portal will allow citizens and oversight bodies to track funds from appropriations in the General Appropriations Act (GAA) down to individual projects and beneficiaries.
- Smart Contracts – Automated fund releases can be triggered once milestones and compliance requirements are verified.
- System Features – The system must ensure immutability, decentralization, traceability, interoperability, and strong cybersecurity safeguards.
- Implementing Agencies – The Department of Information and Communications Technology (DICT) will lead implementation, in coordination with the DBM and Commission on Audit (COA). All government agencies will be required to integrate their financial systems into the blockchain.
- Funding – An initial appropriation of ₱500 million from the National Treasury will support development, infrastructure, and training, with future funding included in the annual budget.
