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COINTURK NEWS > Blockchain News > Elon Musk Aims to Boost Government Efficiency with Blockchain Technology
Blockchain News

Elon Musk Aims to Boost Government Efficiency with Blockchain Technology

In Brief

  • Elon Musk leads a new agency focused on reducing government spending.

  • The agency aims to utilize blockchain for efficiency and security.

  • Collaborations are underway to assess the feasibility of blockchain projects.

Fatih Uçar
Fatih Uçar 4 months ago
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The newly established federal agency in the U.S., led by Elon Musk, is focused on reducing unnecessary government spending. To enhance government efficiency, the agency is exploring the use of blockchain technology.

Contents
Goals of the DOGE AgencyRole of Blockchain Technology

Goals of the DOGE Agency

Known as the Department of Government Efficiency (DOGE), this agency has been established to monitor and reduce government expenditures, process federal payments, and protect U.S. data from malicious actors. These efforts aim to increase transparency and accountability within the public sector.

Role of Blockchain Technology

Under Elon Musk’s leadership, DOGE aims to utilize blockchain technology to keep government spending in check. Blockchain can facilitate quicker and more secure transactions and provide significant benefits in property management and data security.

DOGE has been bolstered by nearly 100 volunteer programmers who wrote code for the agency before Trump’s term began. Elon Musk has removed Vivek Ramaswamy, one of the agency’s co-founders, marking a significant shift in the agency’s direction.

Bloomberg has sought comments from the White House, DOGE, and Elon Musk to verify these developments, but no official statements have been made yet.

The agency’s official website has modified the face of the Shiba Inu Kabuso, the inspiration behind Dogecoin $0.23904, to feature a dollar sign. This change reflects the agency’s connection to digital assets.

Reportedly, DOGE is working on blockchain projects and has engaged in discussions with public blockchain representatives. These collaborations aim to assess the feasibility of the projects.

The use of blockchain by DOGE is seen as a significant step in the government’s digital transformation process. This initiative is expected to contribute to the more effective and efficient delivery of public services.

In summary, DOGE’s efforts, led by Elon Musk to employ blockchain technology, are regarded as a crucial step toward enhancing the efficiency of the U.S. government. The advantages offered by this technology could allow for a more transparent and reliable management of public spending.

You can follow our news on Telegram, Facebook, Twitter & Coinmarketcap
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.

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Fatih Uçar 26 January, 2025 - 10:35 pm 26 January, 2025 - 10:35 pm
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