Michaela
Tesla CEO Elon Musk, who heads the Department of Government Efficiency (DOGE), has reportedly been exploring the use of blockchain technology to streamline U.S. government operations and reduce federal spending. It appears he is engaged in ongoing discussions with various blockchain platforms.
Bloomberg reports that the department is exploring the potential of blockchain technology to enhance data security, streamline payments, and optimize building management, all as part of its ongoing efforts to boost government efficiency. However, no specific blockchain networks were mentioned.
Staff members from the newly established non-government department have held discussions with representatives of public permissionless blockchain networks to explore potential applications for U.S. government use.
This initiative is a key element of Musk’s larger mission to reduce trillions of dollars from the federal budget while promoting government accountability through enhanced transparency.
After reports emerged about Musk and the DOGE exploring blockchain technology to monitor government spending and reduce the U.S. federal deficit, former Binance CEO Changpeng Zhao “CZ” weighed in with his perspective.
“Unpopular opinion: All governments should track all their spending on the blockchain, an immutable public ledger. It’s called ‘public spending’ for a reason,” Zhao wrote in a post on X.
Musk’s push for blockchain integration in government operations echoes ideas previously voiced in U.S. politics. In April 2024, former presidential candidate Robert F. Kennedy Jr. proposed putting the entire federal budget on-chain as part of his policy agenda.
“Every American can look at every budget item in the entire budget, anytime they want, 24 hours a day. We are going to have 300 million eyeballs on our budget. If somebody is spending $16,000 for a toilet seat, everybody will know about it,” Kennedy said during a Michigan rally in April 2024.
DOGE Making Moves
On January 21, the DOGE unveiled its official website and adopted the iconic DOGE logo, famously associated with the Dogecoin meme token.
One day prior, the department faced legal challenges regarding its compliance with federal transparency regulations. The National Security Counselors (NSC) filed a 30-page legal complaint, asserting that the agency qualifies as a federal advisory committee.
Therefore, the agency is obligated to follow specific governance protocols, including submitting a formal charter. The complaint alleges that DOGE’s failure to comply with these standards constitutes a violation of the Federal Advisory Committee Act (FACA) of 1972.
Simultaneously, Vivek Ramaswamy, co-head of the DOGE appointed by President Donald Trump, revealed he would be stepping down from the initiative to focus on his campaign for Ohio governor.
Read More
- Warren Slams Musk, Ramaswamy ‘DOGE’ Department: ‘REALLY Efficient?’
- Trump Launches $500B AI Stargate Initiative, Musk Doubtful
- SEC Case Against Elon Musk Called Weak and Political by Expert
Michaela has no crypto positions and does not hold any crypto assets. This article is provided for informational purposes only and should not be construed as financial advice. The Shib Magazine and The Shib Daily are the official media and publications of the Shiba Inu cryptocurrency project. Readers are encouraged to conduct their own research and consult with a qualified financial adviser before making any investment decisions.
