PYMNTS.com January 26, 2025
Elon Musk is reportedly considering using blockchain technology at the Department of Government Efficiency (DOGE).
Musk, head of the newly created agency, has floated the idea of using a digital ledger to cut government spending, Bloomberg News reported Saturday (Jan. 25), citing sources familiar with the matter.
The discussions have involved the use of a blockchain to monitor federal spending, make payments, secure data and manage government buildings, the sources said. One source told Bloomberg that people connected to DOGE have met with representatives of public blockchains to evaluate their technology.
Created last week amid President Trump’s flurry of executive orders, DOGE’s goal is to update federal software and technology to boost efficiency and productivity within the federal government. The...
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