Musk Explores Blockchain for Enhancing US Government Efficiency

Elon Musk is reportedly looking into utilizing blockchain technology to enhance federal government operations, as indicated by sources knowledgeable about the matter. The Trump administration established the Department of Government Efficiency to streamline government functions and reduce expenses. Potential blockchain applications, such as tracking federal spending, securing data, and managing government properties, have been cited by Fortune. However, experts are doubtful about the practicality of blockchain for government use, pointing out concerns regarding control and efficiency in large-scale applications.