Elon Musk, heading the Department of Government Efficiency (DOGE) under the Trump administration, has initiated discussions on integrating blockchain technology into government operations. Sources indicate that Musk and his team are evaluating public blockchain platforms to improve transparency and reduce costs in managing federal expenditures.
Elon Musk Explores Blockchain Use to Cut Costs in Federal Spending
According to a Bloomberg report, Elon Musk is considering blockchain technology to track government spending, secure data, and facilitate payments. These discussions are part of the broader mandate of the DOGE Department, which aims to modernize federal technology and increase operational efficiency.
The idea involves using a decentralized ledger to enhance transparency and accountability in managing government resources. Conversations have reportedly been held with representatives from several public blockchains, though specific platforms have not been confirmed.
DOGE Department, created by President Donald Trump’s executive order, focuses on streamlining government operations. The department is tasked with identifying areas for cost reduction and improving productivity in federal systems.
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The post Elon Musk DOGE Department Eyes Blockchain For Government Efficiency: Details appeared first on CoinGape.
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