Elon Musk, chosen by President Donald Trump to lead the new ministry of government efficiency, proposed to use Blockchain technology in the operation, Bloomberg reported.
Musk suggested that using a large digital book would be a profitable means of following federal expenses, securing data, making payments and managing buildings, according to people close to the file.
Several representatives of public blockchains have encountered Doge’s affiliates, the sources said.
The department was created in response to the expenses of the federal government of $ 6,700 billion during the fiscal 2024, which Musk qualified in October as “wasted” money. He promised that the department-whose acronym is a nod to Musk’s favorite cryptocurrency, Dogecoin (Doge)-would reduce this figure to a maximum of $ 2,000 billion.
Given the name of the department and Trump’s determination to establish policies favorable to cryptography in the United States, the Musk’s project to incorporate blockchain technology is not a surprise.
In addition to creating DOGE on January 20, Trump signed a decree aimed at creating a working group on digital assets led by venture capital David Sacks with the mandate to identify, among other things, all the regulations that are currently affecting the Cryptography within 30 days.
