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International Business Times
International Business Times
Business
Marvie Basilan

Elon Musk's DOGE Mulls Use Of Blockchain Technology For Government Spending Cuts: Report

Elon Musk DOGE blockchain United States Changpeng CZ Zhao RFK Jr Crypto
Will Elon Musk's DOGE adopt blockchain technology to cut federal spending? (Credit: AFP)

KEY POINTS

  • DOGE affiliates have reportedly been discussing potential use cases with various blockchain projects
  • Among the use cases mentioned is a blockchain ledger for tracking federal spending – a notion RFK Jr. previously floated
  • Prominent crypto figures agree that putting U.S. government spending data onchain will strengthen trust with the public

Tech titan Elon Musk, who currently leads the Department of Government Efficiency (DOGE), is considering the possibility of utilizing blockchain technology as part of his mission of cutting federal spending, a new report revealed.

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