• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M
Philippines launches blockchain initiative for document notarization despite Polygon network outage

Philippines launches blockchain initiative for document notarization despite Polygon network outage

user avatar

by Giorgi Kostiuk

2 days ago


The government of the Philippines has announced the implementation of a document notarization system on the Polygon blockchain, launched the same day the network experienced a temporary outage.

Launch of the government document system on blockchain

Maria Francesca Montes-Del Rosario, undersecretary at the Philippine Department of Budget and Management, announced the launch of the document notarization system on Wednesday. She highlighted that using blockchain will ensure transparency and prevent forgery of government documents. 'We are using cutting-edge technology like AI and blockchain to enhance how we do public policy and governance,' she stated.

How the document validation system works

The document validation system uses blockchain as a public database, serving as an immutable record for notary purposes. Budget documents issued by the Department of Budget and Management are inscribed on the Polygon blockchain. While detailed implementation specifics were not disclosed, it is known that the system stores hashes of documents to guarantee their integrity.

Polygon's network issues on the launch day

On the same day the Philippine government announced its initiative, the Polygon blockchain experienced temporary outages. The cause was initially suspected to be a 'consensus bug.' The issue was resolved within three and a half hours, allowing the network to continue minimal operation despite difficulties in many front-facing services.

The new document notarization system on the blockchain has the potential to significantly enhance transparency and security in the Philippine government sector despite temporary issues with the Polygon network.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

Other news

Litecoin: Price Recovery and Active Addresses Raise Market Optimism

chest

Litecoin recovers, showing bullish momentum. Active addresses and trading volume indicate rising buyer confidence.

user avatarGiorgi Kostiuk

Ripple's Escrow Lock and Its Impact on XRP Market

chest

Ripple locked 700 million XRP in escrow, leading to a 1.9%-3% decline in XRP price amid ongoing legal changes.

user avatarGiorgi Kostiuk

Trump Media's Bitcoin Investment Strategy: Unpacking the Rumors

chest

Trump Media claims a $2.4 billion Bitcoin investment strategy, but factual data remains unconfirmed.

user avatarGiorgi Kostiuk

Experts: Shiba Inu Price Prediction Indicates Limited Growth Potential

chest

Shiba Inu faces strong limits to reach $1, while the new AI coin Unilabs offers alternatives with high growth potential.

user avatarGiorgi Kostiuk

Protection for Crypto Developers: DeFi Education Fund Appeals to US Senate

chest

DeFi Education Fund urges the US Senate to reconsider cryptocurrency regulation to protect developers in the DeFi sector.

user avatarGiorgi Kostiuk

XRP: Market Focus Shifts to Critical Support Levels

chest

XRP has pulled back from $3.45, shifting focus to key support levels. Analysts monitor the $2.65 zone for potential stabilization.

user avatarGiorgi Kostiuk

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.