Musk plans to use the DOGE on the Blockchain

Original Title: Is Elon Musk plotting the mother of all blockchains?

Original author: Andrew Singer

Source of the original text:

Compiled by: Tom, MarsBit

It is reported that Elon Musk is exploring the use of public blockchain to reduce government waste and curb fraud and abuse. Will this measure be effective?

Musk’s blockchain vision

Elon Musk, the world’s richest person, is reportedly believed to think that blockchain technology can improve government efficiency. Bloomberg reported that Musk met with representatives of public blockchains last week to explore the possibility of applying distributed digital ledgers in his newly established Department of Government Efficiency (DOGE), although it has not been formally announced yet.

If Musk successfully introduces blockchain technology into a certain department of the US government (whether it is DOGE or other institutions), what does this mean for the global blockchain industry?

Will this move motivate other governments to follow suit? Is its scale sufficient to change the game and become a watershed for global blockchain development?

In theory, a public and immutable digital ledger