Elon
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Elon Musk, the head of the Department of Government Efficiency (DOGE), is reportedly exploring implementations of blockchain technology in US government operations to track and reduce federal spending.
According to Bloomberg, the DOGE is also looking at using blockchain to secure data, make payments, and manage buildings as part of the DOGE's efficiency push.
Personnel from the newly commissioned non-government department have also met with representatives from public permissionless blockchain networks to consult about potential use by the US government.
The initiative is part of Musk's broader goal of eliminating trillions of dollars from the annual federal budget and ensuring government accountability through transparency.
Musk's push to use blockchain technology to force government transparency is not a new idea in US politics.
He will do (at least) one thing right in his life.
Stellar (XLM) would be ideal as governments can create private networks, issue their own private accounting tokens, and have selective transparency.
Yeah. This is much needed at every level of governance. Immutable ledger that everyone can verify is the way to go. I hope the USA leads, so that countries can follow
you know, we have been saying this forever, lol. Put the government budget onchain so we can audit that shit, but no, we have to wait till Elon says it for it to be a good idea…
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In April 2024, former candidate Robert F Kennedy Jr. said he wanted to put the entire federal budget onchain. The politician told an audience at a Michigan rally:
"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 $1 6,000 for a toilet seat, everybody will know about it." Kennedy's proposal was met with widespread support from small government and sound money advocates, who argued that US government spending was out of control.
The DOGE launched its website on Jan. 21 and officially adopted the DOGE logo used by the world's first memecoin, Dogecoin.
Following the website's launch, the price of Dogecoin rallied by approximately 11% to $0.38.
Elon Musk , a man with great vision
major release for $DOGE incoming
Interesting times we live in.
Thank you POTUS
Expecting a lot from Elon, especially now he is at an important position to play a role in doing it elegantly.