The Philippine Chamber of Commerce and Industry, the largest business organization in the country, the launch of the country’s blockchain-based budget system by the Department of Information and Communications Technology (DICT) is a landmark move in restoring public trust.
“This is a clear signal that the Philippines is serious about strengthening investor confidence and restoring public trust,” said PCCI President Ferdinand “Perry” Ferrer . “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.”
Using blockchain, Ferrer said Secretary. Aguda and the DICT went a step further by implementing a robust safety measure.
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.
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.”
