Bloomberg reported that Elon Musk is considering using public blockchains as part of his role leading the Department of Government Efficiency (DOGE). The story cites un-named sources and mentions discussions with numerous public blockchains.
The article says that Musk had more than a hundred volunteers writing code before the Presidential inauguration. Blockchain applications under consideration include tracking federal spending, securing data, making payments and managing buildings.
If people are interested, it’s already possible for the public to access spending data through public federal procurement databases. Using blockchain, it might be possible to automate some of the payment disbursements. As soon as a contract can demonstrate it’s reached a milestone, the cash would automatically be released, reducing the level of administration required.
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