tldr; The Philippines has introduced a blockchain-based system, Integrity Chain, to enhance transparency in its Department of Public Works and Highways (DPWH) following mass protests over corruption in flood-control projects. Developed by BayaniChain Ventures, the platform records contracts and project milestones on a tamper-proof ledger, aiming to rebuild public trust through cryptography and open validation. The initiative seeks to expand across government agencies to ensure accountability and protect the national budget of $98 billion.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
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tldr; The Philippines has introduced a blockchain-based system, Integrity Chain, to enhance transparency in its Department of Public Works and Highways (DPWH) following mass protests over corruption in flood-control projects. Developed by BayaniChain Ventures, the platform records contracts and project milestones on a tamper-proof ledger, aiming to rebuild public trust through cryptography and open validation. The initiative seeks to expand across government agencies to ensure accountability and protect the national budget of $98 billion.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.