- Doge saves $ 36 billion, putting pressure on blockchain in public spending.
- Musk discovers the escape of $ 100 billion, seeks transparency via the blockchain.
- Coinbase Armstrong supports the blockchain to audit government payments.
The Elon Musk Government Department (DOGE) has saved waves by saving US taxpayers 36 billion dollars in a few weeks. This initiative aims to transform the future of government spending thanks to Blockchain technology.
DOGE is launching a new era for government operations
The Elon Musk’s Ministry of Government Elon Musk saved US taxpayers for $ 36.7 billion according to reports. The program aims to reduce American public spending by 2 dollars with its first economy to 1.8% of the objective. After obtaining notable results, CEO of Coinbase, Brian Armstrong, defends the use of blockchain technology to help make government spending more transparent.
In a recent article on social networks, Armstrong has expressed its approval of progress in the DOGE initiative. He highlighted the potential advantages of using blockchain to follow all public spending. Armstrong thought that blockchain technology would allow public authorities to verify spending more quickly using real -time data during audits.
The blockchain allows anyone online to view the data from a decentralized public file. This structured approach would transform the way governments follow and audit their financial expenses. Armstrong’s opinions support Elon Musk’s objectives to limit government bureaucracy and improve responsibility through technology.
Musk discovers the escape of $ 100 billion
Musk’s DOGE program has obtained results that extend beyond cost savings for agencies supported by tax. The agency has found a space of $ 100 billion where public funds are wasted each year. Social security payments exist for people who do not have official identification numbers in the system. This creates an opportunity for scams.
According to DOGE Analysis, 50% of all payments seem to be fraudulent, which represents $ 50 billion of waste. The Musk team takes rapid measures by requiring better control over monetary transactions and the classification of payments. The initiative aims to improve federal expenditure practices both in terms of performance and fraud prevention.
Many people support musk demand for improved financial audit and better payments classification. The reform package obliges public entities to report their types of payment with precision and more frequent to the list of “not payable”. These measures target silver leaks and improve financial surveillance between federal programs.
Ambitious transformation of Doge’s Blockchain
The idea of Musk to move the operations of the American treasury to the blockchain aroused increased interest. Experts believe that the implementation of this blockchain frame will put the United States as the first innovator of blockchain worldwide. The co-founder of Smardex, Jean Rausis, thinks that the decentralized infrastructure will unite the features of web2 and web3 platforms.
DOGE has shown considerable potential for the role of blockchain in government efficiency. The agency has saved billions in less than three weeks since its launch and seeks to reduce public spending and improve efficiency until July 4, 2026.
The Musk agency aims to execute these reforms before the 250th anniversary of the United States Declaration of Independence. The last part of DOGE’s strategy aims to develop a new government system that works better with less bureaucracy. These successful completion of the project demonstrate how blockchain technology can transform government operations.
