The Department of Government Effectiveness, a cost-cutting initiative spearheaded by billionaire Elon Musk, apparently thinks about using a common blockchain to improve transparency and other potential benefits for government operations and expenditures.
That’s according to , which reported Saturday that Musk’s DOGE company is holding meetings with representatives from several existing government blockchains, according to sources close to the conversations.
No particular chains are mentioned in the report, though reports that DOGE is keen on using a blockchain—an eternal, people ledger—to check government spending and manage payments, control data, and perhaps even “manage buildings” under the U. S. administration’s purview.
DOGE—which appears to share its word with the homepage of Musk’s preferred bitcoin, Dogecoin—was discussed on President Donald Trump’s campaign road and then made established following his November vote win. Mussk and Vivek Ramaswamy were supposed to co-host the project, but the latter businessman and Bitcoin lover left this week for an alleged campaign for governor of Ohio.
Although Musk has since changed his mind and said that$ 1 trillion is more likely, he has stated that DOGE intends to reduce$ 2 trillion from the federal government through a combination of budget cuts and layoffs.
Senator Elizabeth Warren suggested$ 2 trillion in spending cuts that wouldn’t have an impact on vital programs or increase income for middle-class Americans in a letter to Musk this year.
Trump has launched NFTs across the Ethereum scaling community Square as well as Bitcoin, and debuted his official joke coin on Solana next week, despite the fact that Musk is a devoted supporter of Dogecoin. But, there’s no word yet on which network or stores might be used in the probable DOGE bitcoin effort.
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