Recently, a post by Binance founder CZ has attracted widespread attention in the industry. He retweeted a statement from the U.S. Efficiency Department (DOGE) where Musk is involved, regarding the issue of paper checks, and succinctly replied with "Blockchain." This brief interaction, however, contains a significant signal of industry transformation.

According to data disclosed by Musk's efficiency department, in the fiscal year 2024, the United States processed up to 116 million paper checks. However, in the fiscal year 2023, due to issues such as returned checks and expiration, $25 billion in tax refunds were affected. Moreover, maintaining the physical lockbox network for receiving checks is costly, with the cost per check reaching $2.40. If paper checks were eliminated, at least $750 million could be saved annually. These figures clearly demonstrate the drawbacks of the traditional paper check process, which is inefficient, costly, and prone to errors.

CZ's response suggests that blockchain technology may be the key to solving these problems. Blockchain's decentralized and tamper-proof characteristics enable it to simplify payment processes, effectively reduce costs, while ensuring the security and accuracy of transactions. These advantages show great potential in enhancing government financial management efficiency and reducing costs. This event indicates that blockchain is gradually expanding from the cryptocurrency field to traditional finance, government management, and other areas, and is expected to bring profound changes in the future.#财经解读 #币圈