Musk exploring blockchain use in US government efficiency effort
Elon Musk has initiated conversations about using blockchain technology at the new Department of Government Efficiency, according to people with knowledge of the discussions. It’s the latest sign of the Trump administration’s efforts to bolster the digital asset industry.
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Musk, who heads the DOGE effort, has mused to close allies about the idea of using a digital ledger as a way to squeeze costs out of the government, said one of the people, who asked for anonymity because the discussions haven’t been made public. There’s been talk of using a blockchain to track federal spending, secure data, make payments and even manage buildings, the people said.
People affiliated with DOGE have met with representatives of various public blockchains to evaluate their technology, a person with knowledge of the conversations said.
Representatives for the White House and for DOGE didn’t return separate requests for comment. Musk didn’t reply to an emailed request for comment.
The talks have a certain intuitive logic, given that the name of Musk’s department is a cheeky reference to a cryptocurrency, Dogecoin, that lives on its own blockchain. President Donald Trump has also been quickly putting in place cryptocurrency-friendly policies. On Thursday, he signed an executive order
