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The Department of Government Effectiveness (DOGE), the new cost reduction initiative led by Elon Musk, the richest man in the world and a key president Trump Allied, would explore the implementation of blockchain technology Who underlies Bitcoin and other cryptocurrencies to improve transparency and other potential advantages for the operations and expenditure of the United States government.
Potential discussions and applications
Bloomberg reported on Saturday that Musk’s Doge Agency is discussions with representatives of several existing public blockchains, by anonymous sources aware of the issue.
No specific blockchain network has been mentioned, although Bloomberg A said that the newly ordered non-governmental department wishes to use a blockchain to monitor public spending, dissemination payment systems, strengthen data security measures and perhaps even manage the American government’s buildings.
Sources indicate that DOGE representatives have evaluated the technical merits of several public blockchain public platforms for these applications, engaging discussions on how blockchain could be integrated into various government processes.
The former CEO of Binance, Changpeng Zhao, shared his thoughts following reports on Musk and Doge planning to follow the blockchain to follow public spending and reduce the federal deficit in the United States. Zhao posed in a message on January 25 on X:
& nbsp“Unpopular opinion: all governments should follow all their expenses on the blockchain – an unchanging public book. This is called “public spending” for a reason. »»
The Ministry of the Government Agency, which shares the same Ticker with Musk’s favorite cryptocurrency, Dogecoin, was discussed on President Donald Trump’s campaign trail, then was official after winning the election in November. Musk was supposed to co-direct the initiative with Pro-Crypto Vivek Ramaswamy entrepreneur, but the latter left this week to go to the post of Ohio Governor.
Musk has long been passionate about vocal Dogecoin, while Trump has made his debut to non -buttons (NFTS) across Ethereum, Polygon and Bitcoin. In addition, the official $ Trump and Melania memes pieces were both launched on Solana last week. Therefore, we do not know which blockchain (s) could be used in the potential project of the Doge Blockchain.
Doge takes the first steps
On January 21, the DOGE agency launched its official website and briefly presented the Dogecoin logo. The price of the largest part of the world in the world exploded after the launch of the website. However, the Dogecoin logo has since been removed at the time of the press.
If Doge’s Blockchain’s initiative was implemented, it would probably be the biggest government project in the Blockchain in the history of the United States.
Development, on the other hand, indicates an enormous step in Trump’s push of the government to adopt digital assets. Thursday, the new commander -in -chief signed an executive decree linked to historical cryptography establishing the presidential working group on the digital asset markets.
The group, chaired by the White House AI and Crypti Tsar David Sacks, is responsible for formulating federal laws on digital assets and exploring the creation of a stock of national strategic assets. The act also prohibits federal agencies from developing digital currencies of the Central Bank (CBDC).
