The Philippine Chamber of Commerce and Industry, the largest business organization in the country, today issued a statement supporting the Department of Information and Communications Technology (DICT) following the landmark launch of its blockchain-powered budget management system.
“We congratulate DICT Secretary Henry Aguda for his visionary leadership in spearheading this initiative. At the PCCI’s 51st Philippine Business Conference last year, Sec. Aguda outlined the DICT’s plans to develop a transparency portal to strengthen accountability in government. This initiative demonstrates the realization of that commitment. Using blockchain, Sec. Aguda and the DICT went a step further by implementing a robust safety measure,” PCCI President Ferdinand “Perry” Ferrer narrated.
Amid calls for integrity in public finance, Ferrer said the blockchain-based system, internally dubbed the Digital Bayanihan Chain, offers renewed hope that the country is moving decisively toward stronger governance and a more inclusive economy that benefits all Filipinos.
“This is a clear signal that the Philippines is serious about strengthening investor confidence and restoring public trust,” Ferrer said. “By placing the national budget on a secure, decentralized ledger, the DICT is steering the country toward a trust-by-design model of governance, one that ensures public funds are managed with unprecedented transparency and accountability.”
In a global market where capital flows toward stability and transparency, the PCCI views the use of blockchain technology in fiscal processes as a game-changer for the Philippine investment climate.
“By providing a verifiable audit trail, we are effectively reducing ‘country risk’ and signaling to the world that our country is a safe, transparent, and modern destination for business. This isn’t just a technological upgrade; it is a powerful tool for building global investor confidence,” Ferrer said emphasizing, “We stand ready to work with government and stakeholders to ensure the success of this initiative.”
