Elon Musk, head of the newly established Department of Government Efficiency (DOGE), is reportedly investigating blockchain solutions to streamline federal operations.
According to Bloomberg, Musk and DOGE representatives have engaged with blockchain providers to explore potential applications, including tracking federal spending, managing government assets, and facilitating payments.
While talks remain in early stages, the initiative aims to cut federal spending and enhance data security.
Specific blockchain networks under consideration were not disclosed.
And so, the story unfolds, paving the way for new possibilities and unforeseen developments in the pursuit of innovation.
Stay tuned to this post as the story continues to evolve, bringing fresh insights and updates along the way.