Elon Musk explores blockchain for federal efficiency through Doge

Elon Musk explores Use Blockchain technology in government efficiency department (Doug), Bloomberg I mentioned Saturday, citing sources familiar with the matter.

Musk, who is now the sole leader of the initiative following the departure of Vivek Ramaswamy, has reportedly discussed with close allies the possibility of using Blockchain’s distributed ledger technology to improve government efficiency and reduce spending.

Potential applications under consideration include more effective tracking of federal expenditures, enhanced data security measures, simplification of payment systems, and even optimization Government Buildings Administration.

Sources indicate that their representatives Doug They evaluated the technical advantages of several public blockchain platforms for these Applications, engage In discussions on how to implement blockchain across various government operations.

President Trump created Doge through an executive order on Monday, converting the US Digital Service (USDS) to the US Doge Service. The administration aims to modernize federal technology and boost government efficiency under the Tesla CEO’s leadership.

The management mandate includes identification and elimination Inefficiency in federal spending. Musk will lead a comprehensive financial and performance audit of federal operations, collaborating with the White House and the Office of Management and Budget.

On Tuesday, after its official launch, Dogs Official website gold He livesbriefly featuring the Ducoin logo. Logo removed by time Reporting.

Before Trump’s inauguration, Musk recruited about 100 volunteer programmers to develop code for his projects, according to a source. The blockchain initiative is among many technological solutions that Musk’s team may employ To reduce costs and combat wasteful spending, fraud and abuse.

If implemented, Doge’s Blockchain initiative would likely be the largest government project in US history.

The latest development signals a major step in the Trump administration’s push to embrace digital assets. President on Thursday He signed the executive order Establishment of the Presidential Working Group on Digital Asset Markets.

The group, headed by David Sachs, White House AI & Crypto Czar, is charged with developing federal digital assets Regulations and inspection Formation of a national strategic digital asset stock. The executive order also prohibits federal agencies from developing a central bank digital Currencies.