Article

The Philippine government plans to implement blockchain technology in its budget processes by early 2024 to enhance transparency and combat corruption, following a significant flood control scam. The CADENA bill will establish a permanent digital record for public funds, allowing for public tracking of state expenditures, with the complete system expected to be operational by 2027. Additionally, UAE-based G42 aims to invest up to $500 million in the Philippines, potentially positioning the country as a regional data center hub.