According to the latest development, Elon Musk, who has an active role in the new US administration, is investigating the use of blockchain applications for DOGE, the government efficiency department.
Elon Musk's initiative DOGE met with public blockchain officials to evaluate their technology.
Talks are ongoing about using blockchain to track federal spending, protect data, facilitate payments and manage buildings.
DOGE’s activities have largely been behind the scenes. DOGE’s staff use the encrypted messaging app Signal to communicate with each other, helping the organization operate largely in secret, the Wall Street Journal reported.
Vivek Ramaswamy, who was initially announced as a co-lead of the project alongside Musk, reportedly dropped out in recent days to announce his candidacy for Governor of Ohio.
*This is not investment advice.
