Philippines' blockchain budget bill sparks legal scrutiny, raising concerns about centralization and data privatization risks
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最新报道：According to Bijie.com on October 16th, the Philippine Senate is considering Senate Bill 1330, which proposes using blockchain to track the national budget, with an initial allocation of approximately $8.6 million. The proposal stems from anti-corruption calls following the flagging of approximately $9.2 billion in public projects by President Marcos. Former Attorney General Florin Hilbay and attorney Geronimo Law have pointed out that the proposal's centralized nature and private contracting could lead to centralized data control, making corrections and challenges difficult, and potentially reducing transparency to a technological illusion. The Philippine Fintech Bar Association recommends that the government retain ownership and control of data, with only private sector technology services provided, and adopt open source and data portability to avoid vendor lock-in.
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