Elon Musk Proposes Blockchain for Government Efficiency
Brief news summary
Elon Musk, appointed by President Donald Trump to lead the newly established Department of Government Efficiency, has proposed integrating blockchain technology into its operations, according to Bloomberg. Musk believes that a digital ledger system could enhance efficiency in tracking federal spending, securing data, making payments, and managing federal buildings. Sources indicate that representatives from public blockchains have engaged with affiliates of Musk's favored cryptocurrency, dogecoin (DOGE). The department was formed in light of the government's projected $6.7 trillion spending for fiscal 2024, which Musk has criticized as "wasted" money. He aims to reduce this expenditure to a maximum of $2 trillion. Given the department's name and Trump's commitment to promoting cryptocurrency-friendly policies in the U.S., Musk's proposal to incorporate blockchain technology aligns with their shared objectives.Elon Musk, appointed by President Donald Trump to head the new Department of Government Efficiency, has proposed the integration of blockchain technology into its operations, as reported by Bloomberg. Musk indicated that employing a digital ledger could serve as an economical solution for monitoring federal expenditures, securing data, facilitating payments, and overseeing building management, according to sources familiar with the discussions. Representatives from various public blockchains have engaged in talks with affiliates of DOGE, the sources noted. The department was established in response to the federal government’s projected spending of $6. 7 trillion for fiscal 2024, which Musk referred to as “wasted” funds in October.
He pledged that this department — whose acronym playfully alludes to Musk’s preferred cryptocurrency, dogecoin (DOGE) — would reduce spending to no more than $2 trillion. Given the department's name and Trump's commitment to promoting cryptocurrency-friendly regulations in the U. S. , Musk's intention to leverage blockchain technology is not unexpected.
Watch video about
Elon Musk Proposes Blockchain for Government Efficiency
Try our premium solution and start getting clients — at no cost to you
I'm your Content Creator.
Let’s make a post or video and publish it on any social media — ready?
Content Maker
Last news
The Best for your Business
Hot news
Runway Partners with IMAX to Showcase AI-Generate…
Runway Partners with IMAX to Showcase AI-Generated Films Across Major U
Nvidia's AI Chip Sales Surge Amid Data Center Dem…
Nvidia, a leading technology firm famed for its graphics processing units (GPUs), has announced a substantial rise in sales of its AI chips.
UK Proposes Forcing Google to Let Publishers Opt …
Britain’s competition watchdog, the Competition and Markets Authority (CMA), has proposed that Google should allow news sites and content creators to opt out of having their online content scraped for use in its AI-generated news summaries.
Walsin Lihwa Captures 50% Share in China's AI Ser…
Walsin Lihwa, a leading stainless steel producer, has made a major breakthrough by entering China’s artificial intelligence (AI) server market.
AI Video Synthesis Enhances Virtual Reality Exper…
Virtual reality (VR) developers are increasingly integrating artificial intelligence (AI) video synthesis technologies to craft highly realistic video content that reacts and adapts to user interactions in real time.
Tesla will report Q4 earnings results after the 4…
Tesla is set to release its Q4 earnings results following the market close at 4 p.m.
Project Prometheus: Jeff Bezos's New AI Venture
Project Prometheus is an innovative artificial intelligence (AI) startup founded by Jeff Bezos in November 2025.
AI Company
Launch your AI-powered team to automate Marketing, Sales & Growth
and get clients on autopilot — from social media and search engines. No ads needed
Begin getting your first leads today
Your News is ready
Your article is ready
Lorem ipsum dolor sit amet consectetur adipisicing elit. Fuga dolor minus maiores. Aut vero expedita dicta, dolorem odit excepturi odio doloremque voluptatem repellat aliquam? Dolores nemo eum id pariatur! Nobis!
Generating video takes longer than text.
