Elon Musk is allegedly looking into using blockchain technology in the new Department of Government Efficiency (DOGE), a department launched by President Donald Trump to help cut government spending and make the federal government more competent with new modern technologies. Though there have been no public announcements thus far, if true, the move signals the Trump administration’s further embrace of cryptocurrency and strengthening of the digital asset sector.
Investopedia defines blockchain technology as “a decentralized digital ledger that securely stores records across a network of computers in a way that is transparent, immutable, and resistant to tampering. Each “block” contains data, and blocks are linked in a chronological “chain.”“
Bloomberg was the first to report on this possible development, noting that “If DOGE pursued the technology it would likely dwarf any government project seen in the US to date.”
Bloomberg reported (excerpts):
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.
[…] President Donald Trump has also been quickly putting in place cryptocurrency-friendly policies. […] He signed an executive order establishing a working group on digital assets that includes key members of his administration.
Musk enlisted about 100 volunteers before Trump was inaugurated to write code for his projects, one person said.
The idea of using a blockchain for large-scale projects isn’t new, though applying one to an enterprise as large as the US government remains an untested concept. Years ago, a slew of large companies such as retailer Walmart Inc. launched blockchain efforts. Most of these projects used private blockchains that didn’t make transactions publicly viewable.
Often run by consortia, most of those blockchain efforts were hard to govern and stalled. Many also discovered that blockchains weren’t necessarily less expensive or more efficient than existing database technology. Back in 2019, Gartner predicted that “90% of current enterprise blockchain platform implementations will require replacement by 2021” to remain competitive and secure.
Sam Hammond, the chief economist at the Foundation for American Innovation, said that “an internal government blockchain could be used to track spending, documents and contracts in a way that’s fully secure and transparent.”
But, Hammond added, “the question is whether you really need a blockchain to do that, since conventional databases can be used in a similar way and with fewer downsides.”
Read the rest of the report for free on Substack:
[7] Who goeth a warfare any time at his own charges? who planteth a vineyard, and eateth not of the fruit thereof? or who feedeth a flock, and eateth not of the milk of the flock? [8] Say I these things as a man? or saith not the law the same also? [9] For it is written in the law of Moses, Thou shalt not muzzle the mouth of the ox that treadeth out the corn. Doth God take care for oxen? [10] Or saith he it altogether for our sakes? For our sakes, no doubt, this is written: that he that ploweth should plow in hope; and that he that thresheth in hope should be partaker of his hope. (1 Corinthians 9:7-10).
The WinePress needs your support! If God has laid it on your heart to want to contribute, please prayerfully consider donating to this ministry. If you cannot gift a monetary donation, then please donate your fervent prayers to keep this ministry going! Thank you and may God bless you.
Normally I don’t read article on blogs, but I would like to say that this write-up very forced me to try and do it! Your writing style has been amazed me. Thanks, quite nice article.
Hello, I think your blog might be having browser compatibility issues. When I look at your blog in Chrome, it looks fine but when opening in Internet Explorer, it has some overlapping. I just wanted to give you a quick heads up! Other then that, superb blog!
You made some decent points there. I did a search on the subject matter and found most persons will consent with your site.
Hello! Would you mind if I share your blog with my zynga group? There’s a lot of people that I think would really enjoy your content. Please let me know. Thanks
What i don’t understood is actually how you are not really much more well-liked than you might be right now. You are so intelligent. You realize therefore significantly relating to this subject, produced me personally consider it from a lot of varied angles. Its like women and men aren’t fascinated unless it is one thing to do with Lady gaga! Your own stuffs great. Always maintain it up!
It’s arduous to seek out educated folks on this subject, but you sound like you recognize what you’re speaking about! Thanks
Wow, fantastic weblog structure! How lengthy have you been blogging for? you make blogging look easy. The overall glance of your website is wonderful, as well as the content!
That is the proper weblog for anybody who desires to seek out out about this topic. You notice so much its almost exhausting to argue with you (not that I truly would need…HaHa). You undoubtedly put a new spin on a subject thats been written about for years. Great stuff, just nice!
I was recommended this blog by my cousin. I am not sure whether this post is written by him as nobody else know such detailed about my difficulty. You are incredible! Thanks!
Rattling clean website , thankyou for this post.
I love it when people come together and share opinions, great blog, keep it up.
Wonderful items from you, man. I’ve take note your stuff previous to and you are just too magnificent. I actually like what you’ve got right here, certainly like what you’re saying and the best way in which you say it. You’re making it enjoyable and you still take care of to stay it wise. I can’t wait to read much more from you. That is actually a wonderful site.
Do you mind if I quote a couple of your articles as long as I provide credit and sources back to your website? My blog is in the very same niche as yours and my visitors would definitely benefit from a lot of the information you present here. Please let me know if this okay with you. Thank you!
Whats Happening i am new to this, I stumbled upon this I have discovered It absolutely useful and it has helped me out loads. I hope to contribute & help other users like its helped me. Great job.
Good day! I simply want to give an enormous thumbs up for the great data you’ve got right here on this post. I can be coming back to your blog for extra soon.
I got what you intend,saved to my bookmarks, very nice web site.
wonderful points altogether, you just gained a brand new reader. What would you suggest in regards to your post that you made a few days ago? Any positive?
There is visibly a bundle to identify about this. I believe you made various nice points in features also.
When I initially commented I clicked the “Notify me when new comments are added” checkbox and now each time a comment is added I get several emails with the same comment. Is there any way you can remove people from that service? Many thanks!
I love your blog.. very nice colors & theme. Did you create this website yourself? Plz reply back as I’m looking to create my own blog and would like to know wheere u got this from. thanks
Some really nice and useful info on this website , likewise I believe the design has got good features.
Hello. splendid job. I did not imagine this. This is a fantastic story. Thanks!
What i don’t understood is actually how you’re no longer really much more well-preferred than you might be now. You are very intelligent. You know therefore significantly in terms of this subject, made me for my part imagine it from numerous various angles. Its like men and women don’t seem to be involved unless it¦s one thing to do with Girl gaga! Your own stuffs nice. At all times maintain it up!
I couldn’t resist commenting
Hey there! This is my first visit to your blog! We are a team of volunteers and starting a new initiative in a community in the same niche. Your blog provided us useful information to work on. You have done a outstanding job!
Awsome article and right to the point. I don’t know if this is in fact the best place to ask but do you folks have any ideea where to employ some professional writers? Thank you 🙂
Its great as your other blog posts : D, thankyou for putting up.
Very interesting information!Perfect just what I was searching for! “One man’s folly is another man’s wife.” by Helen Rowland.
Hello! I’ve been reading your site for some time now and finally got the courage to go ahead and give you a shout out from Dallas Texas! Just wanted to say keep up the excellent job!
Just desire to say your article is as astounding. The clarity for your put up is just great and i could think you’re a professional on this subject. Well together with your permission allow me to seize your feed to keep updated with approaching post. Thank you 1,000,000 and please carry on the enjoyable work.
I view something truly special in this internet site.
You have brought up a very excellent points, thankyou for the post.
Useful information. Fortunate me I found your site accidentally, and I’m shocked why this accident didn’t came about earlier! I bookmarked it.
It’s laborious to find knowledgeable individuals on this matter, however you sound like you know what you’re speaking about! Thanks
Have you ever considered about adding a little bit more than just your articles? I mean, what you say is valuable and all. But just imagine if you added some great photos or video clips to give your posts more, “pop”! Your content is excellent but with images and clips, this site could definitely be one of the very best in its field. Great blog!
I dugg some of you post as I cerebrated they were very helpful very useful
fantastic post, very informative. I wonder why the other experts of this sector do not notice this. You must continue your writing. I am sure, you’ve a huge readers’ base already!
I am not really excellent with English but I come up this rattling leisurely to interpret.
Really clear site, thanks for this post.
I love your blog.. very nice colors & theme. Did you create this website yourself? Plz reply back as I’m looking to create my own blog and would like to know wheere u got this from. thanks
Great – I should certainly pronounce, impressed with your site. I had no trouble navigating through all tabs and related info ended up being truly easy to do to access. I recently found what I hoped for before you know it at all. Quite unusual. Is likely to appreciate it for those who add forums or anything, site theme . a tones way for your client to communicate. Nice task..
wonderful post, very informative. I wonder why the other experts of this sector don’t notice this. You should continue your writing. I’m confident, you have a huge readers’ base already!
Great post. I am facing a couple of these problems.
Simply a smiling visitor here to share the love (:, btw outstanding style.
Some times its a pain in the ass to read what website owners wrote but this website is rattling user pleasant! .
It?¦s really a cool and helpful piece of information. I am happy that you simply shared this helpful information with us. Please keep us up to date like this. Thank you for sharing.
Right now it appears like Expression Engine is the preferred blogging platform out there right now. (from what I’ve read) Is that what you are using on your blog?
I love your blog.. very nice colors & theme. Did you create this website yourself or did you hire someone to do it for you? Plz answer back as I’m looking to create my own blog and would like to know where u got this from. thanks
Its wonderful as your other blog posts : D, thankyou for putting up. “Love is like an hourglass, with the heart filling up as the brain empties.” by Jules Renard.
Thanx for the effort, keep up the good work Great work, I am going to start a small Blog Engine course work using your site I hope you enjoy blogging with the popular BlogEngine.net.Thethoughts you express are really awesome. Hope you will right some more posts.