Budget Ledger: Proposed Implementation of Blockchain for Fund Management in Barangays of Lipa City
Danielle M. Armamento1, Alyanna Isabelle M. Dimayuga2, Mark Jaycell Anthony A. Mabalot3, Angelu Lindsay D. Santos4, Atty. Ricardo B. Manalo II5
https://orcid.org/0009-0002-1914-62801,https://orcid.org/ 0009-0004-9763-97982, https://orcid.org/0009-0009-7999-85153, https://orcid.org/0009-0000-3309-19204, https://orcid.org/0009-0004-8920-44795
danielle13armamento@gmail.com1, alyannaisabelledimayuga@gmail.com2, mabalotmarkjaycellanthony@gmail.com3, angelu.lindsay@gmail.com4,
ricardo.manalo@ub.edu.ph5
University of Batangas, Lipa City1-5
Gov. Feliciano Leviste Road, Lipa City, Philippines
DOI: https://doi.org/10.54476/ioer-imrj/301412
ABSTRACT
The research study titled “Budget Ledger: Proposed Implementation of Blockchain to Fund Management in Barangays of Lipa City” focuses on how blockchain technology can be integrated into the fund management systems of barangays in Lipa City, Batangas, Philippines. This aimed to address transparency and accountability issues that arise in local government financial procedures. Currently, barangay fund management is challenged by inefficient manual processes and frequent issues with fund misuse or inadequate documentation, potentially undermining community trust and development. By adopting blockchain—a secure, decentralized digital ledger—barangays could mitigate these risks, creating an immutable, transparent record of financial transactions that supports sound fund management practices. The study employed a mixed-method research methodology, combining quantitative surveys and qualitative focus group discussions with barangay treasurers responsible for budget allocation and fund disbursement. This two-pronged approach is designed to provide a thorough knowledge of the potential benefits, challenges, and practical requirements for blockchain use in barangay fund administration. Survey results will quantify officials’ perspectives on present procedures and perceived blockchain benefits, while focus group discussions will provide in-depth insights into specific issues and opportunities for blockchain integration. Furthermore, the study strictly followed ethical considerations, ensuring informed consent, confidentiality, and data privacy. The study also employed statistical analysis using Cronbach’s alpha coefficient to interpret the data collected. The results showed that respondents believe blockchain technology can enhance accountability in the barangay’s budgeting system through real-time transaction auditing, improved transparency, and increased public involvement. However, challenges such as privacy concerns and a lack of technical expertise were also identified. This research provides policymakers with valuable insights into the feasibility and projected impact of blockchain implementation in the local government of Lipa City. Hence, potentially contributing to better governance and community trust in the local government’s financial systems.
Keywords: Accountability, Barangay, Blockchain, Blockchain Technology, Budget, Corruption, Credibility, Decentralization, Disbursement, Economic Resilience, Liquidity Crisis, Public Funds, Sustainable Development, Transparency.
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