What do you think about this? Do you think it can lead to a greater economy and transparency? I mean for government of a nation to make their national budget transparent by putting it on the blockchain?
That is what Philippines Senator, Bam Aquino is planning to do, to file legislation that will make this possible in Philippines.
https://coinmarketcap.com/academy/article/philippines-senator-proposes-blockchain-budget-systemDo you think it can reduce corruption and also enhance economic development?
This is truly a bold initiative for the Philippines. The government of the country has already taken the initiative to buy 10,000 BTC for the national reserve and along with that, if a country's national budget is placed on the blockchain, the country's economy will be completely transparent and corruption will be reduced because no matter what the country does with money laundering, theft or corruption, it will be on the blockchain. The people will easily see how much money is being spent in which sector, so this is a groundbreaking, timely and bold plan among the South Asian countries. Not only will the people of the country benefit, but global trust will also be gained and international investment will increase.