Philippines Explores Blockchain-Based Budgeting System Amid Transparency Push
Efforts to integrate blockchain technology into government operations may soon advance in the Philippines. Senator Bam Aquino announced plans to introduce a bill that would place the country’s national budget on a blockchain platform, aiming to enhance transparency and accountability in public spending. Speaking at the Manila Tech Summit on Wednesday, Aquino explained that the […]
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They said the purpose of DiBaT is to convert all dollars in the USAF supply chain budget into tokens and monitor fund movement across billing centers, purchasing centers and suppliers. For many years, the United States Military has been experimenting with blockchain in a number of settings to enhance its operations. Now, the U.S. Air Force (USAF) is adopting blockchain into its budgeting and accounting processes.According to a Thursday press release, the USAF has enlisted SIMBA Chain, a blockchain-as-a-service platform, to develop a blockchain-based system for tracking and monitoring the....
Technology consulting firm CapGemini took its latest step on its bid to dramatically increase its investment in blockchain tech this week, announcing a partnership with industry startup Ascribe that would find it using the startup's solutions to create a real-time rewards system. The project comes amid a larger push by the Paris-based company that has seen it go public with its desire to hire 100 blockchain professionals for its financial services department by the year’s end. The move positions CapGemini as among the more aggressive global consulting firms in seeking a market share in....
The Philippines will hold a convention on payments and e-commerce this September to highlight the growth an opportunities in this industry. This will bring together more than a thousand attendees, 60 speakers, and 40 international and local exhibitors for the Cards & Payments Philippines and E-Commerce Show Philippines expo, with some set to discuss cryptocurrency trends in the country. The events will be held in the SMX Convention Center in Manila from September 2 and 3, with industry leaders from the Department of Trade & Industry, Bangko Sentral ng Pilipinas, Globe Telecom, E-PESO, Land....
As one would expect, virtual currency exchanges will need to obtain a Certificate of Registration. An exciting development is taking place in The Philippines right now. Most people are well aware of how bitcoin makes a positive impact on the local economy. Bangko Sentral has issued a document on guidelines for virtual currency exchanges. As a result of this proposal, the country officially acknowledges bitcoin as a payment system. It appears Philippines is one of the first countries that has given bitcoin an official financial “status”. The document drafted by the Central Bank of The....
Coinsetter has launched Project High Line, a blockchain-based technology that it claims will improve Wall Street's "outdated" trading system. The New York-based firm says that the project will help to attain a "stark transparency", replacing Wall Street's current settlement rails with a traceable blockchain-based peer-to-peer (P2P) system, giving market participants further control of their assets. The High Line Project's "On-Blockchain Settlement" will also enable clients trading on the exchange to view their funds on the blockchain in near real time, without the need for an intermediary.....