Philippines to notarize government documents on Polygon blockchain despite recent outage
Main Idea
The Philippines government has partnered with Bayanichain to launch a blockchain-based system for notarizing and validating public finance documents on the Polygon network, despite a temporary outage during the launch.
Key Points
1. The Department of Budget and Management (DBM) launched a blockchain system to digitize and validate Allotment Release Orders (SAROs) and Notices of Cash Allocation (NCAs).
2. The system, built by Bayanichain, aims to enhance transparency through immutability, allowing users to verify documents via a hash-based model.
3. Polygon's Heimdall v2 mainnet experienced a 3.5-hour outage during the launch, temporarily affecting services, though the Bor layer maintained block production.
4. The outage raised early concerns about reliability, but the system's backend remained stable.
5. The initiative represents a significant step toward digitizing public finance documents using blockchain technology.
Description
The Philippines has taken a major step toward digitising public finance oversight, becoming one of the first governments in Asia to begin notarising official documents on the blockchain. The Department of Budget and Management (DBM) has launched a transparency initiative using the Polygon blockchain to validate documents such as Special Allotment Release Orders (SAROs) and Notices of Cash Allocation (NCAs). The rollout, however, coincided with a temporary outage on Polygon’s Heimdall v2 mainnet,...
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