DOGE Department explores blockchain for $6 trillion federal spending oversight
A truly great initiative
According to Bloomberg, Elon Musk and his Department of Government Efficiency (DOGE) are in discussions with blockchain providers, evaluating the potential for integrating blockchain technology into federal government systems.
Possible applications include tracking federal expenditures, managing real estate assets, and processing payments, though talks appear to be in the early stages.
Bloomberg sources report that DOGE representatives have already met with several public blockchain projects to assess their technology. While specific blockchain networks were not named, it is noted that Donald Trump and Melania Trump’s meme coins were launched on the Solana blockchain.
A truly great initiative
Currently, Elon Musk is the sole head of DOGE. Co-leader Vivek Ramaswamy reportedly stepped down to run for governor of Ohio.
Musk has not been transparent about DOGE’s actions. According to the Wall Street Journal, DOGE staff communicate using the encrypted messaging app Signal, a practice that has drawn criticism from organizations accusing Musk of violating federal transparency and disclosure laws.
Meanwhile, news of blockchain's potential use for public spending oversight has been met with approval from the crypto community.
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“Unpopular opinion: all governments should track all their spending on blockchain, an immutable public ledger. It’s called ‘public spending’ for a reason,” Binance founder Changpeng Zhao posted on X.
A legal storm is brewing for billionaire Elon Musk and his non-governmental DOGE Committee, as a lawsuit alleging violations of federal transparency laws is set to be filed shortly after President-elect Donald Trump’s inauguration.
