BayaniChain

What BayaniChain does

BayaniChain (now operating under the BYC ecosystem following a 2025 rebrand) is a Filipino private blockchain infrastructure company founded in 2016 and headquartered in Makati, Philippines, with 11–50 employees. The company builds blockchain-based public infrastructure for government transparency and accountability, leveraging the Polygon network to mint government documents into tamper-proof, auditable on-chain records. Its core technology stack includes the Digital Public Asset (DPA) Framework — used to anchor Special Allotment Release Orders and Notices of Cash Allocation on-chain — and GoodGovChain, a local-government variant applied to municipal ordinances and procurement records. The ecosystem has been reorganized into BYC Ventures (strategy, partnerships, infrastructure) and Lumen, an operating system for verifiable truth marketed for broader institutional use beyond the public sector.

The company's customer base is concentrated in Philippine public-sector institutions. It is the infrastructure provider behind blockchain.dbm.gov.ph, the Philippines' national budget portal deployed with the Department of Budget and Management, which made the Philippines the first country in Asia to anchor national budget records on blockchain. Additional deployments cover Congress of the Philippines and the Department of Information and Communications Technology (DICT) for joint budget-portal work, and a flagship municipal deployment with Baguio City. Enterprise validation came from GCash, which served as BayaniChain's first major partner for large-scale architecture testing. Senator Bam Aquino has filed Senate Bill 1506 (the CADENA Act), which would mandate a blockchain-based public budget portal using BayaniChain's technology, and the Bangko Sentral ng Pilipinas has publicly indicated potential for the system to mitigate corruption risk in public-private partnerships.

BayaniChain generates revenue through government infrastructure contracts and enterprise blockchain solutions, combining professional-services deployment with licensing/royalty arrangements. Pricing is quote-based and not publicly disclosed, consistent with an enterprise/government field-sales motion. The company has raised approximately $300,000 in a single funding round dated November 2021; no institutional investor roster has been disclosed. Its GTM is direct enterprise field sales to Philippine government agencies, leveraging early credibility (GCash validation, DBM precedent) to expand across the public sector and, longer term, across ASEAN as a regional 'truth infrastructure' provider.

Name

BayaniChain

Legal name

BayaniChain

Website

https://bayanichain.io

Company type

Private

Founded year

2016

Operating status

Operating

Headcount range

11–50 employees

Short description

BayaniChain (now BYC) is a Filipino blockchain infrastructure company building Polygon-based transparency and accountability systems for Philippine government agencies, including the Department of Budget and Management, Congress, DICT, and Baguio City, via its DPA Framework and Lumen platform.

Ownership category

akta.pro rank

Product category

Government Blockchain Infrastructure

NAICS

Software Publishers (513210), Computing Infrastructure Providers, Data Processing, Web Hosting, and Related Services (518210)

SIC

Finance Services (6199)

akta.pro industry

PRIMARYFSAPAJAI

Regulatory Reporting, Tax & Audit Trails (reconciliation, provenance)

Financial & Insurance/Blockchain & Web3/Security, Compliance & Risk (auditing, monitoring, analytics, AML/KYC)

SECONDARYFSAPAIAH

Compliance, Risk & RegTech for Tokenized Assets (KYC/AML, sanctions, travel rule, reporting)

Financial & Insurance/Blockchain & Web3/Enterprise Blockchain & Tokenization (permissioned networks, RWA tokenization)

SECONDARYFSAPAIAL

Interoperability & Integration Middleware (ERP/core banking connectors, messaging, APIs, cross-chain to permissioned)

Financial & Insurance/Blockchain & Web3/Enterprise Blockchain & Tokenization (permissioned networks, RWA tokenization)

SECONDARYFSAGAMAJ

Digital Asset Risk, Security & Audit Tooling (Smart Contract Audit, Threat Monitoring)

Financial & Insurance/Financial Technology (Fintech)/Blockchain & Web3 Financial Infrastructure (Tokenization, Custody Tech)

Keywords

• Government blockchain infrastructure
• Budget transparency systems
• Public asset verification
• Blockchain audit trails
• Government compliance platforms

Headquarters

HQ city

Makati

HQ country

Philippines

HQ region

Asia

Offices1 record

Markets served

GTM type

B2B

Offering type

Software

Cost components

Personnel, Technology or R&D, Operations, Marketing or Sales, Others

Revenue model

1. Government Infrastructure Contracts: BayaniChain generates revenue through government infrastructure contracts, deploying blockchain systems for public accountability across Philippine government agencies. Revenue comes from building and maintaining blockchain-based systems for budget tracking, document verification, and transparency portals for government entities.
2. Enterprise Blockchain Solutions: Enterprise partnerships for blockchain infrastructure validation and deployment, including systems for large-scale transaction handling validated through partnerships with entities like GCash.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels4 records

Core offering

BayaniChain (now operating under the BYC brand) builds blockchain-based digital infrastructure for government transparency and accountability, deploying proprietary frameworks on the Polygon blockchain. Its offerings include the Lumen operating system for verifiable truth, the Digital Public Asset (DPA) Framework, the GoodGovChain local government system, and the National Budget Blockchain System, all designed to create tamper-proof audit trails for government documents and public records.

Product overview

BayaniChain (now rebranded as BYC) is a Filipino blockchain company that evolved into a government infrastructure provider. The core ecosystem consists of BYC Ventures (which leads strategy, partnerships, and infrastructure) and Lumen (the operating system for verifiable truth that enables institutions to record, verify, and act on data with certainty). The company also developed the Digital Public Asset (DPA) Framework, which powers specialized solutions including the National Budget Blockchain System deployed with the Department of Budget and Management and GoodGovChain for municipal government transparency. The company rebranded from BayaniChain to BYC in 2026.

Differentiator

Problem solved

Functional benefit

Products and services

• Lumen Operating system for verifiable truth that helps institutions record, verify, and act on data with certainty; makes critical data independently verifiable, audit-ready, and easier to prove, from public records to enterprise workflows.
• Digital Public Asset (DPA) Framework Proprietary blockchain framework that mints government documents (including Special Allotment Release Orders and Notices of Cash Allocation) onto the Polygon blockchain, creating permanent, tamper-proof audit trails accessible to citizens.
• GoodGovChain Local government blockchain system that applies the DPA transparency framework to municipal ordinances and procurement records, first deployed in Baguio City.
• National Budget Blockchain System Blockchain-based public portal (blockchain.dbm.gov.ph) for tracking and verifying government budget data using the Polygon blockchain, deployed with the Department of Budget and Management.

Quantifiable outcome

• Philippines became first country in Asia to anchor national budget records on blockchain
• +1 more outcomes

Named customers5 records

Segments2 records

Ideal customer profiles2 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Seven partnerships are on record, tiered core, flagship and minor.

• Department of Budget and Management (DBM)coreStrategic or Co-development Partner · 19 September 2025BayaniChain partnered with the Philippines' Department of Budget and Management (DBM) to launch blockchain.dbm.gov.ph, making the Philippines the first country in Asia to anchor national budget records on the blockchain. The platform uses BayaniChain's Digital Public Asset (DPA) framework to mint government documents onto the Polygon blockchain.
• Congress of the PhilippinescoreStrategic or Co-development PartnerPartnership with Congress for budget portal development in conjunction with DBM and DICT, extending blockchain transparency infrastructure to the legislative branch.
• Department of Information and Communications Technology (DICT)coreStrategic or Co-development PartnerJoint budget portal partnership with Congress and DBM for public accountability infrastructure across Philippine government.
• Baguio CityflagshipStrategic or Co-development PartnerExpanded transparency initiative to Baguio City through GoodGovChain, applying blockchain framework to municipal ordinances and procurement records for local government transparency.
• GCashcoreStrategic or Co-development PartnerGCash served as BayaniChain's first major enterprise partner, validating its architecture for handling large-scale systems before expanding to government deployments.
• Bangko Sentral ng Pilipinas (BSP)minorStrategic or Co-development PartnerBSP indicated that BayaniChain's blockchain system could help reduce corruption risks in public-private partnerships and protect banks from shocks stemming from government project irregularities. Banks could integrate settlement records with blockchain verification layers.
• Senator Bam AquinominorOthersFiled Senate Bill 1506, the Citizens Access and Disclosure of Expenditures for National Accountability (CADENA) Act, which would create a blockchain-based public portal for tracking government budget data using BayaniChain's technology.

Scale indicators3 records

Recent moves7 records

Expansion highlights5 records

Broad incumbents

• ConsenSys: ConsenSys provides Ethereum-based enterprise blockchain infrastructure, developer tooling, and institutional-grade solutions. It competes with BayaniChain in the enterprise and public-sector blockchain infrastructure space, particularly for audit and compliance use cases.
• Polygon Labs: Polygon is the underlying blockchain infrastructure that BayaniChain builds on, and Polygon itself has government and public-sector partnerships. They share the same base technology stack and target institutional use cases, making Polygon the most direct technological peer.
• Hedera: Hedera's enterprise-grade distributed ledger is used for supply chain provenance, regulatory compliance, and audit trail applications. It serves a comparable institutional customer base seeking verifiable, tamper-proof record-keeping.
• Digital Asset Holdings: Digital Asset provides enterprise blockchain solutions for financial services and government clients, with a focus on interoperability and audit-ready workflows. Comparable to BayaniChain in targeting regulated institutional customers.
• R3 Corda: R3's Corda platform is purpose-built for regulated industries and government use cases, offering permissioned blockchain infrastructure with privacy controls. It competes with BayaniChain for institutional and public-sector deployments.
• Algorand Foundation: Algorand has been deployed for government and central bank use cases, including the Italian State Mint and digital ID projects. Both companies compete in the government-grade blockchain infrastructure space with similar transparency and traceability propositions.
• IBM Blockchain: IBM Blockchain, built largely on Hyperledger, serves government and enterprise clients globally with provenance, identity, and supply chain solutions. It is a major potential competitor in the public-sector blockchain space.

Others

• Hyperledger Foundation: Hyperledger is an open-source enterprise blockchain framework used by governments and large institutions for permissioned networks. It represents the alternative open-source technology stack that competes with Polygon's public-chain approach.
• Chainalysis: Chainalysis provides blockchain analytics, compliance, and audit tools for governments and regulated institutions. It serves an adjacent function in the blockchain regulatory and transparency ecosystem, often alongside platforms like BayaniChain's.

Emerging players

• Labrys: Labrys is a blockchain solutions company that has delivered government and enterprise blockchain deployments in the Asia-Pacific region. It shares BayaniChain's focus on regional public-sector blockchain infrastructure.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks7 records

Key highlights7 records

Customer concentration

• Xx.com/BYCVentures
• Facebookfacebook.com/BYCVentures
• LinkedInlinkedin.com/company/bycventures

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Funding overview

Funding rounds1 record

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about BayaniChain