In brief
- Integrity Chain, built by BayaniChain, logs DPWH contracts and milestones as digital assets validated by independent civic groups.
- The launch follows protests on September 21, during which 130,000 people demanded accountability over $33 billion in alleged infrastructure corruption.
- The project aims to rebuild trust using cryptography and open validation systems.
The Philippines has launched a blockchain-based transparency system for its Department of Public Works and Highways after mass protests over alleged corruption in flood-control projects worth billions.
Integrity Chain, developed by BayaniChain Ventures, was unveiled on Wednesday as a platform to record DPWH contracts and project milestones on a tamper-proof ledger.
The goal is to turn “government records into digital public assets that are immutable, verifiable, and openly validated,” BayaniChain CEO and co-founder Paul Soliman told Decrypt.
Once expanded from the DPWH to other agencies, the initiative could later help “protect the entire annual budget of the Philippines,” estimated at roughly $98 billion, he said.
Go to Source to See Full Article
Author: Vince Dioquino
