Majority of Filipinos trust blockchain to fight corruption, survey reveals

Fighting Corruption in the Philippines Why Filipinos Trust Blockchain Technology

In a recent survey, a surprising trend emerged most Filipinos believe blockchain technology can be an effective way to combat corruption. As we explore this trend further, let's delve into what blockchain is and how it can help address the issue of corruption in the Philippines.

What Is Blockchain Technology?

Blockchain technology is a decentralized, distributed digital ledger that records transactions in a secure and transparent manner. This innovative tool has gained popularity worldwide for its ability to facilitate secure and efficient data sharing.

The Survey Results Filipinos Trust Blockchain Technology's Anti-Corruption Potential

According to the survey conducted by Tangere, 55% of respondents were already familiar with blockchain technology, while an impressive 73% trust its security. These numbers are significant, as they indicate a growing awareness and appreciation for the potential of blockchain in fighting corruption.

The Blockchain the Budget Bill A Solution to Corruption?

Senator Bam Aquino has filed Senate Bill 1330, which aims to make every peso of public funds traceable, transparent, auditable, and accessible to citizens in real-time. If enacted, this bill would establish a blockchain-based budget system, allowing citizens, the Commission on Audit (COA), and oversight bodies to independently verify the flow of funds.

The Role of Griot Spreading Awareness and Promoting Transparency

In today's digital age, griots (traditional African storytellers) have an important role to play in spreading awareness about the benefits of blockchain technology. By sharing stories and highlighting the impact of corruption on communities, griots can help promote transparency and encourage greater adoption of blockchain solutions.

Conclusion The Future of Corruption Fighting is Here

In conclusion, the survey results suggest that Filipinos trust blockchain technology as a means to fight corruption. As we move forward, it's crucial that we continue to raise awareness about this innovative tool and its potential to bring about positive change in the Philippines.

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Edward Lance Arellano Lorilla

CEO / Co-Founder

Enjoy the little things in life. For one day, you may look back and realize they were the big things. Many of life's failures are people who did not realize how close they were to success when they gave up.