Musk’s DOGE Team Bets on Blockchain to Slash $1T in Federal Waste

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The U.S. Department of Government Efficiency (DOGE), a Trump-era initiative championed by Elon Musk, is exploring blockchain to track federal spending and cut $1 trillion in waste. The plan would tokenize contracts and grants on public ledgers like Solana, using zero-knowledge proofs to secure sensitive data while touting transparency. Dogecoin surged 45% on the news, echoing Musk’s influence.

But skepticism abounds. Defense officials warn public chains risk exposing classified workflows, comparing it to “posting Pentagon budgets on Reddit.” DOGE proposes hybrid systems – private chains for secrets, public ones for audits—though critics note Walmart abandoned similar projects as “glorified Excel.”

Legal challenges mount, with watchdogs accusing DOGE of operating as a “shadow Cabinet” for Musk’s allies. The initiative skirts financial disclosure rules, raising conflict-of-interest concerns as Musk’s tweets sway crypto markets.

DOGE’s mandate expires in 2026. If blockchain pilots fail, the project becomes a $1T footnote. If they succeed, it could reshape how Washington spends and who controls the ledger.

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