Elon Musk’s Department of Government Efficiency Exploring Blockchain Use Case: Report

There are ongoing conversations about the potential use of blockchain technology at the new Department of Government Efficiency (DOGE) that Elon Musk is heading.

For context, this group was recently established, and President Donald Trump appointed billionaire Elon Musk to lead it. Recent conversations around D.O.G.E underscore the effort being invested by Donald Trump’s administration to integrate blockchain innovations.

Elon Musk and Exploring Blockchain Technology

Noteworthy, Musk has only had these discussions with his close allies, intimating to them how a digital ledger could be instrumental in slashing costs for the government.

Blockchain technology may serve as one of the numerous tools that Musk and his team will utilize to cut costs and eliminate wasteful spending, fraud, and abuse.

This is a key issue highlighted during Trump’s campaign last year.

According to Bloomberg’s sources who requested anonymity, blockchain technology may find use cases in a few activities like tracking federal spending, securing data, and completing payments.

The people claimed that the government could also utilize the technology to manage buildings. It may also find use cases to protect important government data and track money flows.

While D.O.G.E is not a federal executive department, it plays the role of an advisory body to enhance the efficiency of the government.

Musk sees the possibility of D.O.G.E. reducing the U.S. federal budget by $2 trillion when these measures are implemented. The Tesla CEO is reportedly working with about 20 employees to achieve the group’s goals.

Notably, the official website for the Department of Government Efficiency was officially launched a few days ago.

Meetups With Blockchain Reps on Integration

In preparation for when the proposal will eventually be approved, D.O.G.E. executives have approached representatives of a couple of blockchain startups.

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