According to the Information Officer and Technology Technology (Disction) sec. Henry Attraction, the government takes steps to our concrete to check if Blockchain can make the Philippine’s budget open and follow.
He told Malacañañ Press Corps that valid prototype will be shown in senators and representatives to show the idea can work. Walking comes as legalists oppressing the bishop to place budget documents and records made from the LEDGER in order to ensure the community.
DICH MOVE MOVING PROTOTTYPE
Aguda said the country had a “many experts in Blockchain,” and that one of his works is to provide a minor product that you are working so they can see a live short before full release.
He also points out that DICT has been trying for Stablecoin programs to track peso transactions to the banks. Reports say you will ask President Ferdinand Marcos JR. To ensure a related to the related bill, signing that the upper branch may oppress the immediate action.
The Senate Bill 1330 recorded the Philippine National Blockchan Blockchain Act, “will require a senior branch, Congress, and Local Government to upload and publish their budget transactions on the block.
If committed, citizens will be able to follow the allocation, bids, distributions and contracts in a visual circumference. The Bill also aims to borrow factors from a full disclosure request so that people compare contracts and cost reports.
In the proposition and security
In the last case of SB1330, the science and Technology committee discussed how the blockchain can help disclose delays or analazins in spending. Sen. BAM Aquio told the panel that putting records on a public Ledger can make budget processes “obvious, honest, and protected.”
Lawyers say a visible chain may allow regular citizens to follow when the money moves and stabs mismatches faster than current systems they allow.
Legal scholar casts doubts to Blockchain Budget push
Not everyone has been sold in that vision. Florin Hilbay, former worldwide Solfidi and now Dean in Siliman University College of Law, asked clearly:
“Do we really need to set a budget on a block?”
Corporate Finance Institute
He warned that the first starts as an opening promise can turn into the central database held by several contractors.
Hilbay identified concerns, the program was assigned to Millions of PHP500 million ($ 8.6 million) as the first cost, and revealed that intelligent contracts, and pointed out that intelligent contracts and agreed technologies.
Aguda said DICT would not hit the prototype community money and confidential groups have already donated help.
Picture entered from N90, chart from trading trade
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