Philippines officially launched the world's first fully on-chain National Budget

[acroman08]

Regarding this thread(Congress what?) that was posted on January 1, it looks like they finally did it.

On January 15, the Philippines finally launched its on-chain National Budget, which was touted as the first Globally.

So, what do you guys think about it?

Personally, I think it's good that they actually did what they said, pero, after reading yung article na nilabas ni Bitpinas, may mga concerns na tinanong yung mga cybersecurity experts na at least dapat sagutin man lang ng DICT.

Eto yung link sa article if interesado ka basahin
https://bitpinas.com/feature/ph-blockchain-dict/

[julerz12]

Regarding this thread(Congress what?) that was posted on January 1, it looks like they finally did it.

On January 15, the Philippines finally launched its on-chain National Budget, which was touted as the first Globally.

So, what do you guys think about it?

Personally, I think it's good that they actually did what they said, pero, after reading yung article na nilabas ni Bitpinas, may mga concernsna tinanong yung mga cybersecurity experts na at least sagutin man lang ng DICT.

Eto yung link sa article if interesado ka basahin
https://bitpinas.com/feature/ph-blockchain-dict/

A good move, but then again, none of this works kung hindi maipasa 'yung bill ni Bam Aquino (CADENA Bill).
Dapat 'din sa simula pa 'lang transparent na itong DICT sa kung papa-ano nila binuo itong project na'to, hindi pala kasi naka-disclose kung ano laman or agreement ng Polygon at DICT patungkol 'dun sa $5m to $10m grant. Malaki-laking pera 'din yan, that's more or less half Billion pesos.
Another thing is, how sure are they na 100% hack-free 'yung binuong blockchain ng BYC - who audited their work?

[acroman08]

A good move, but then again, none of this works kung hindi maipasa 'yung bill ni Bam Aquino (CADENA Bill).
Dapat 'din sa simula pa 'lang transparent na itong DICT sa kung papa-ano nila binuo itong project na'to, hindi pala kasi naka-disclose kung ano laman or agreement ng Polygon at DICT patungkol 'dun sa $5m to $10m grant. Malaki-laking pera 'din yan, that's more or less half Billion pesos.
Another thing is, how sure are they na 100% hack-free 'yung binuong blockchain ng BYC - who audited their work?

Naipasa na yung CADENA Bill ni Bam Aquino noong December 15. Nalaman ko lang din na naipasa na pala yung bill nung after ko basahin yung aritcle tungkol sa pag launch nung on-chain national budget.

Yun nga eh, masyadong overconfident sila nung sinabing 101% hack free daw. As for who audited Bayanichain's work, I'd assume na yung DICT ang nag audit.

[lionheart78]

Dapat lang talagang pagdudahan ang claim na 101% hack-free ang system na dineklara ng DICT.  Dito pa lang sa information nila about blockchain being created by cybersecurity specialist ay mali na ang DICT malamang iyong ibang claim din nila ay maraming flaws.

Isa pa hindi rin yata nadeclare ng DICT kung anong klaseng system ang gagawin nila, kung ito ba ay PDF archiving o True traceability kaya isa ito sa mga concern ng mga "experts" ayon sa article.

Sa tingin ko minadale itong parte na ito ng walang malawakang pag-aaral at puro bragging lang ang ginawa to impress the audience.

[coin-investor]

Bagaman may mga concern at criticism dapat matuloy ito at mag improve o update along the way kasi nga ito ay experiemental at kauna unahan pa sa mundo kaya hindi pa natin masasabi na 100% proven kahit pa sabihin ng mga creators na 100% hack free only time can tell at ano ano ang mg avulnerabilities na pwedeng ma encounter ng project na ito along the way.
We are watching and so is the world kung ano ang magiging outcome nito long term, pero at least meron na tayong masasabi sa mga tax payers na transparency sa ating budget, mababawasan yung mga magsasabi na nanakawin lang ang mga buinabayad nila na mga taxes.

[crwth]

Great news! Sinubukan ko mag explore kahit papano at mga nakita kong figures ay nandun naman. Since WIP pa siya, naiintindihan ko wala pa lahat ng details. Maganda talaga kung ma breakdown to the smallest eh, like dun sa offices ng officials, may maintenance etc. Anong maintenance yun?

Curious ako or dahil hindi pa siya liquidated or something kaya wala pa yung files?

[GreatArkansas]

A good move, but then again, none of this works kung hindi maipasa 'yung bill ni Bam Aquino (CADENA Bill).
Dapat 'din sa simula pa 'lang transparent na itong DICT sa kung papa-ano nila binuo itong project na'to, hindi pala kasi naka-disclose kung ano laman or agreement ng Polygon at DICT patungkol 'dun sa $5m to $10m grant. Malaki-laking pera 'din yan, that's more or less half Billion pesos.
Another thing is, how sure are they na 100% hack-free 'yung binuong blockchain ng BYC - who audited their work?

Naipasa na yung CADENA Bill ni Bam Aquino noong December 15. Nalaman ko lang din na naipasa na pala yung bill nung after ko basahin yung aritcle tungkol sa pag launch nung on-chain national budget.

Yun nga eh, masyadong overconfident sila nung sinabing 101% hack free daw. As for who audited Bayanichain's work, I'd assume na yung DICT ang nag audit.

Yung ganito na claim nila eh for sure for PR or marketing lang para sabihin na itong initiative nila ay purihin ng tao at mabilib ang tao pero pag ikaw nasa space na ng blockchain at may idea na, talagang disagree ka.

Well, para sakin overall good initiative to, kahit sabihin natin na madami pang palpak pero atleast may nagawa na sila regarding dito, so more on improvement na lang.

[robelneo]

On January 15, the Philippines finally launched its on-chain National Budget, which was touted as the first Globally.

Dahil ito ang first, the whole world is now watching sa magiging success at failure ng on-chain national budget na ito kung magiging successful ito na niniwala ako na magiging malaking success maaring maging model ito ng maraming bansa.
Pero hindi ako naniniwala na magiging corrupt free ang bansa natin dahil lang sa budget, malaking role pa rin ang dapat gawin ng ombudsman at COA o commission of audit.
Ang dalawang ito ay independent dapat at magkaroon ng sapat na pangil para mag prosecute ng mga corrupt officials.

[RamilBautistastasta]

It’s a solid step that they actually pushed through with the on-chain budget, at least on the transparency side. That said, the concerns around cybersecurity, data integrity, and what exactly is on-chain versus off-chain are valid, and DICT should really clarify those. Blockchain alone doesn’t automatically mean trustless or secure, the implementation details matter a lot.

[aioc]

Personally, I think it's good that they actually did what they said, pero, after reading yung article na nilabas ni Bitpinas, may mga concerns na tinanong yung mga cybersecurity experts na at least dapat sagutin man lang ng DICT.

It yung concern nila;

“There is no evidence that the original Bitcoin developers were a group of ‘cybersecurity specialists.’ The design came from cryptography research, distributed systems, game theory and economics… Blockchain was designed to remove trusted intermediaries, not to function as a cybersecurity defense system.”

Kasi for more than a decade simula nung i launched ang blockchain wala pang bansa na totally inilagay ang buong budget nila sa blockchain kaya nga ito ang naging first, it will b eunder scrutiny by experts artound the world kung magiging stable at 100% hack free katulad ng claim nila.
Tama nga naman ang experts na mahirap na magsabing 100% hack free sa isang concept na hindi designed as cybersecurity defense system.