Mike Smith
Jan 28
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The new Department of Government Efficiency (DOGE) led by Elon Musk is exploring the possibility of implementing blockchain technologies to optimize and control the US federal budget. According to Bloomberg, the department is considering using a distributed ledger not only to monitor budget funds, but also to improve the system of government payments, data protection, and federal real estate management.
Representatives of the department have already initiated negotiations with developers of leading public blockchain platforms to discuss the prospects for cooperation. It is noteworthy that the idea of using distributed ledger technology to ensure transparency of public finances is not new in the American political space. In the spring of 2024, Robert Kennedy Jr., who was running for president, made a similar proposal.
At a rally in Michigan, the politician emphasized the potential benefits of this approach: "Every citizen will be able to track any item of expenditure around the clock. Three hundred million Americans will be able to control the use of budget funds. Any unjustified spending will immediately become public knowledge."
DOGE officially launched on January 21, launching a website and adopting the popular memecoin Dogecoin as its logo. This decision had a positive impact on the market - the Dogecoin rate demonstrated an 11% increase, reaching $ 0.38.
Despite the departure of one of the co-founders of the department, Vivek Ramaswamy, who left the project to participate in the gubernatorial elections in Ohio, the team continues to work on ambitious goals. The main task of the department is to significantly reduce federal spending - from $ 1 to 6.5 trillion annually. The integration of blockchain technologies is considered one of the key tools for achieving the set financial goals.
