The Elon Musk Government Ministry of Effectiveness (DOGE), a cost reduction initiative launched under President Donald Trump, explores blockchain technology as a means of strengthening transparency and reducing waste between operations federal.
According to people familiar with the discussions, Doge’s representatives met teams from several public blockchain networks, although no specific platform has been appointed publicly. The new agency, which briefly presented the Dogecoin logo on its website, has aroused questions about the question of whether this emerging technology could really reshape the way the government monitors spending and manages data.
Changpeng Zhao, the former CEO of Binance, expressed his enthusiasm about the perspective in a declaration on X, saying: “Unpopular opinion: all governments should follow all their expenses on the blockchain – an unchanging public book. This is called “public spending” for a reason. »»
Source: Cz on x
However, although some consider blockchain as an innovative path to responsibility, the approach already attracts the skepticism of political experts which fear that a technology born of cryptocurrencies is unnecessarily complex for government use.
A new initiative with deep links with the crypto
Elon Musk, the richest man in the world and a well -known supporter of cryptography, was exploited to lead the DOGE agency after the electoral victory of President Trump. The name is a nod to Dogecoin, an Altcoin that Musk defended on social networks. Officials say that the ministry aims to explore a range of strategies to reduce federal costs, from government to government buildings to reassessment payment systems.
From the start, Dogi aligned itself on the wider push of the new administration to adopt digital assets. Last week, President Trump signed a historic decree establishing the presidential working group on the digital asset markets, solidifying an interest in the White House for Blockchain, cryptocurrencies and other decentralized technologies. In parallel, the same Trump and Melania recently made their debut on Solana, amplifying the friendly posture of the administration.
The conversations on the future of Doge took momentum earlier this month when the agency’s official website has briefly displayed the Dogecoin logo. Although this image has since been deleted, speculation continues on the network – if everything – will form the backbone of the potential initiative of Doge’s blockchain. Sources close to the agency indicate that existing blockchains such as Bitcoin, Ethereum, Solana or even Dogecoin itself could be under study.
In the midst of these developments, Musk separated from the Vivek Ramaswamy co-president, an eminent entrepreneur known for his Pro-Crypto position. Ramaswamy would have left Doge this week to focus on the race for the Ohio governor.
Skepticism and the coming road
Even if Musk envisages a redesign based on the blockchain, some experts do not remain convinced that the books distributed are the best solution.
Sam Hammond, chief economist of the for American Innovation Foundation, recognized the potential advantages of secure and decentralized registry. “An internal government blockchain could be used to follow expenses, documents and contracts in a completely safe and transparent manner,” said Hammond. “But the question is whether you really need a blockchain to do so, because conventional databases can be used in the same way and with less drawbacks.”
Campbell Harvey, professor of finance at Duke University, has raised additional concerns concerning the government yielding control of a public network. “A problem with the government using a public blockchain is that they would have no control over the entries,” he noted. “I think loss of control would be a problem for governments.”
That Doge finally becomes the greatest government experience of blockchain in American history depends on several variables. Technology has not yet been tested on a scale as massive as federal expenses, and previous blockchain projects led by the company have often had trouble with cost and governance.
However, with Musk at the helm, those who know its history provides that Doge will continue to assess the means to integrate the blockchain in everything, from payment systems to the management of federal assets.
For the moment, the official Doge site has resumed the display of a simple dollars sign of the emblematic shiba Inu dog. However, the early incursion of the ministry highlights the will of the Trump administration to adopt emerging technology – and, if successful, could create a new precedent for the transparency and effectiveness of the government.
