Press releases or announcements from DOGE or the involved blockchain entity

Elon Musk's DOGE Explores Blockchain to Enhance Government Efficiency and Cut Federal Spending

Jan 28, 2025, 05:19 AM

Elon Musk, leading the newly established Department of Government Efficiency (DOGE), is exploring the use of blockchain technology to enhance federal operations and reduce government spending. Discussions have included using blockchain for tracking federal spending, securing data, facilitating payments, and managing government buildings. Representatives from DOGE have met with leaders of several public blockchains to discuss potential applications. This initiative aligns with President Donald Trump's executive order to modernize federal systems and cut costs, with Musk's proposal aiming to leverage blockchain's capabilities for greater transparency and efficiency in government operations. The DOGE acronym is a nod to Musk's favorite cryptocurrency, dogecoin, reflecting Trump's broader push for crypto-friendly policies. Additionally, Trump has established a working group on digital assets to identify relevant regulations. However, implementing blockchain on a government-wide scale faces governance challenges, as public blockchains operate without a central authority, which could complicate government control over sensitive data.