• World News
  • Politics
  • Economy
  • Stock
  • Editor’s Pick
Global Trading Markets
EconomyEditor's Pick

DPWH commissions digital ledger to track foreign-funded projects

by September 30, 2025
September 30, 2025

THE Department of Public Works and Highways (DPWH) said it tapped Blockchain Council of the Philippines (BCP) to develop a blockchain digital ledger that will track foreign-assisted infrastructure projects.

“By placing our foreign-assisted projects  — those funded by Official Development Assistance (ODA) — on the Integrity Chain, we welcome the scrutiny of the private sector, academe, and civil society. This is DPWH’s strong response to the President’s directive to ensure transparency and accountability is enforced for its projects,” Public Works and Highways Secretary Vivencio B. Dizon said on Tuesday.

On Tuesday, the DPWH and BCP — a non-stock, non-profit organization of blockchain professionals and advocates, signed the memorandum of agreement to launch the Integrity Chain.

Integrity Chain will embed, digitize, and secure key data on selected national projects which will be made available to the public.

The data to be made available include budgets, procurement processes, and construction milestones, Mr. Dizon said.

“The Integrity Chain aims to transform infrastructure governance by offering a real-time public dashboard that tracks project spending and progress, enabling citizen feedback and anomaly reporting, and providing tamper-proof records to deter corruption,” the DPWH said.

The BCP said it hopes to have the Integrity Chain available within 60 days.

“In the coming weeks, we will gather all representatives of each organization. We are going to set up a technical working group,” BCP President Donald Patrick L. Lim told reporters.

In September, Senate Bill No. 1330 was filed by Senator Paolo Benigno A. Aquino IV calling for the use of the blockchain for the budget process.

The DPWH is currently engulfed in scandal due to substandard or non-existent flood control projects, and is under pressure to make public works procurement more transparent.

President Ferdinand R. Marcos, Jr. said 15 contractors cornered more than P100 billion worth of flood control projects between July 2022 and May 2025.

Last week, the DPWH asked the Anti-Money Laundering Council (AMLC) to freeze billions of pesos worth of aircraft and vehicles belonging to persons connected to the flood control projects.

In particular, the DPWH asked AMLC to freeze aircraft valued at P4.7 billion associated with Party-list Rep. Elizaldy S. Co and certain companies, such as Misibis Aviation and Development Corp. and Hi-Tone Construction and Development Corp., which was founded by his brother Christopher S. Co.

Hi-Tone and Sunwest, Inc. founded by Rep. Co were among the 15 contractors found to have won multiple flood-control projects.

On Tuesday, Mr. Dizon said the Civil Aviation Authority of the Philippines (CAAP) informed the DPWH that Rep. Co had tried to de-register his aircraft as a preliminary to their disposal.

“I have received new reports from CAAP that there were attempts to deregister three choppers,” he said.

“CAAP said you cannot sell the aircraft to anyone unless they are deregistered.”  — Ashley Erika O. Jose

previous post
Eight builders submit bids for Bataan-Cavite interlink bridge phase 1
next post
Oil and gas developers offered more perks 

You may also like

Threshold to participate in retail market access program...

November 4, 2025

Review process for local PPP projects amended

November 4, 2025

Rice seed program granted P1.67 billion in extra...

November 4, 2025

Rice inventory up 3.2% in Oct. as NFA...

November 4, 2025

Palace optimistic about turnaround after infra scandal dents...

November 4, 2025

ARTA, Ombudsman in deal to clear case backlog

November 4, 2025

Nickel mining industry in Caraga singled out for...

November 4, 2025

Floor price for live hogs set at P210...

November 4, 2025

Rice imports expected to resume by mid-Jan.

November 4, 2025

DoE concludes consultations on modernizing small-scale coal miners

November 3, 2025

    Fill Out & Get More Relevant News


    Stay ahead of the market and unlock exclusive trading insights & timely news. We value your privacy - your information is secure, and you can unsubscribe anytime. Gain an edge with hand-picked trading opportunities, stay informed with market-moving updates, and learn from expert tips & strategies.

    Recent Posts

    • The Republican Party Needs to Learn That One Scott Presler is Not Enough

      November 5, 2025
    • WATCH: Hegseth Announces 16th Drug Boat Taken Out Killing Two Narco-Terrorists, Second Strike in Days – “NO Cartel Terrorist Stands a Chance Against the American military.”

      November 5, 2025
    • RIP NYC – Muslim Communist Zohran Mamdani Wins New York City Mayoral Race

      November 5, 2025
    • Sen. Markwayne Mullin Reveals Schumer Held Secret BACKROOM MEETING — Orders Democrat Senators to Keep Government SHUT Until After Elections

      November 5, 2025
    • Senate Nearing ‘Three-Legged’ Deal to End Government Shutdown: Report

      November 5, 2025
    Footer Logo
    • Privacy Policy
    • Terms & Conditions

    Copyright © 2024 GlobalTradingMarkets.com All Rights Reserved.

    Global Trading Markets
    • World News
    • Politics
    • Economy
    • Stock
    • Editor’s Pick