|
Getting your Trinity Audio player ready...
|
Key Takeaways:
- The Philippines launched a live blockchain verification system on Polygon to secure government budget documents.
- NFTs are used to issue SAROs and NCAs, making financial records tamper-proof and publicly auditable.
- The initiative aims to counter AI-generated document forgeries and improve public sector transparency.
The Philippine government has officially launched a blockchain-powered document verification platform on the Polygon network, aiming to boost transparency and defend against digital fraud, including AI-generated deepfakes. The initiative, part of Project Marissa, is spearheaded by the Department of Budget and Management (DBM) and supported by local tech firm Bayanichain.
Project Marissa Enters Production
After months of sandbox testing, the system is now live despite a brief interruption caused by Polygon’s Heimdall v2 mainnet update. The update was confirmed by DBM Undersecretary Maria Francesca Montes Del Rosario, who highlighted the technology’s role in safeguarding document authenticity in the age of AI manipulation.
Blockchain and NFTs Power Government Spending Records
The platform uses non-fungible tokens (NFTs) to represent official financial documents—specifically, Special Allotment Release Orders (SAROs) and Notices of Cash Allocation (NCAs). SAROs allow agencies to commit funds, while NCAs authorize the release of those funds from government banks.
By minting these documents as NFTs on the Polygon blockchain, the system ensures immutability and transparency. Users can independently verify records using blockchain explorers, reducing the risk of tampering or forgery.
Inside the Blockchain Architecture: ADRS, Lumen, and Prismo
The process starts with the Action Document Releasing System (ADRS), which generates official budget records. These are then transmitted to Lumen, a Blockchain-as-a-Service platform developed by Bayanichain. Lumen handles the blockchain operations while simplifying the interface for government use.
Also Read: Top 7 Best Polygon Wallets to Store POL Tokens Safely in 2025
Before documents are published on-chain, they pass through Prismo, a protocol that filters sensitive content to balance transparency with data protection.
Paul Soliman, CEO of Bayanichain, described the rollout as a major step toward a “tech-driven and open” public sector. With the system now operational, the Philippines positions itself as a regional leader in applying blockchain to governance.
Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.
I’m a crypto enthusiast with a background in finance. I’m fascinated by the potential of crypto to disrupt traditional financial systems. I’m always on the lookout for new and innovative projects in the space. I believe that crypto has the potential to create a more equitable and inclusive financial system.
