Summary

Elon Musk, picked by President Donald Trump to lead the newly established Department of Government Efficiency, is reportedly suggesting the use of blockchain technology to streamline operations. According to individuals familiar with the discussions, using a digital ledger could provide a cost-effective method for tracking federal expenditures, securing data, and managing payments and facilities.

Key Points:

• Musk has proposed blockchain for tracking federal spending and securing data.
• Conversations between representatives of DOGE and public blockchain leaders are ongoing.
• The new department aims to significantly reduce government spending, which reached $6.7 trillion in 2024, an amount Musk criticized as ‘wasted.’

Context

In January 2025, Trump issued an executive order to establish a working group on digital assets, underscoring a commitment to integrate crypto-friendly policies within the government. This aligns with Musk’s interests, as reflected in the department’s name, which is a nod to his favored cryptocurrency, Dogecoin (DOGE).