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The Philippine government will adopt blockchain technology in budget processes by early 2024 to prevent corruption, following a major flood control scam. DICT Secretary Henry Aguda stated that a permanent digital record will be created for public funds.

The CADENA bill aims to enable public tracking of state expenditures through a secure ledger. By 2027, the complete blockchain system is expected to be operational, covering all budget stages. The transition is anticipated to align with the 2026 national budget.

A consortium including DICT, Commission on Audit, and Department of Budget and Management will monitor state projects. Additionally, G42 from the UAE plans to invest $300 million to $500 million in the Philippines over three to five years, potentially making it a regional data center hub.