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The head of the newly created US federal agency that aims to cut down on unnecessary public spending is reportedly exploring the use of blockchain to boost government efficiency.
People with knowledge of the matter say billionaire and Department of Government Efficiency (DOGE) head Elon Musk is looking at leveraging blockchain technology to slash government expenses, monitor federal outlays, shield US data against bad actors, process payments and manage properties, reports Bloomberg.
One person familiar with the matter says that individuals associated with DOGE have had talks with representatives of more than one public blockchain to assess the viability of their projects. Another source says that Musk recruited around 100 volunteers prior to Trump’s inauguration last week to write lines of codes for DOGE.
Bloomberg says it cannot confirm its sources’ reports as the…more
Source dailyhodl.com
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