In a groundbreaking move, the Philippines government has adopted Polygon blockchain to revolutionize public spending transparency. This innovative approach ensures every peso is accounted for, fostering unprecedented trust in government finance.
How Polygon Blockchain Enhances Public Spending Transparency
The Department of Budget and Management (DBM) has partnered with local blockchain firm BYC to implement this system through the Lumen Blockchain-as-a-Service platform. Key features include:
- Real-time verification of budget documents by citizens and auditors
- Immutable records of Special Allotment Release Orders (SAROs) and Notices of Cash Allocation (NCAs)
- Public access through blockchain.dbm.gov.ph portal with QR code verification
The Technology Behind the Transparency
The system integrates DBM’s internal Action Document Releasing System (ADRS) with a blockchain gateway that:
- Converts internal records to blockchain-compatible formats
- Filters data through Prismo Protocol for appropriate disclosure
- Publishes approved documents on Polygon’s immutable ledger
Why This Matters for Blockchain Adoption
This initiative positions the Philippines as a leader in blockchain-based governance, offering:
- Protection against document fraud and unauthorized modifications
- A model for other governments considering blockchain solutions
- Potential expansion to procurement and inventory management
Frequently Asked Questions
Q: How can citizens access these blockchain records?
A: Through the portal blockchain.dbm.gov.ph using document numbers or QR codes.
Q: What documents are currently tracked on the blockchain?
A: Special Allotment Release Orders (SAROs) and Notices of Cash Allocation (NCAs).
Q: Can the published documents be altered?
A: No, once published on Polygon blockchain, they become immutable and tamper-proof.
Q: What’s the long-term vision for this project?
A: Part of Project Marissa, aiming for a fully digital, secure government service ecosystem.
