According to reports, Musk has started to talk about using blockchain technology to streamline government’s IT system and reduce unnecessary costs.
Musk, for example, is now the official adviser to President Trump on issues relating to government efficiency. He was nominated by Donald Trump. head the The Department of Government Efficiency is a White House Office.
Musk to move US government onto blockchain
Musk and His Team have reportedly Sources close to the conversations said that they discussed blockchain as a way to track federal expenditure, protect government data, make payments easier, and manage government buildings. Sources close to the conversation claim to have confirmed this. These sources asked to remain anonymous because these conversations have not been made public in any official capacity.
Officials at DOGE and the White House have not responded to any comment requests. Musk also did not return any comments.
This development is not surprising to those who follow the crypto industry. DOGE is Musk’s preferred blockchain cryptocurrency.
Those associated with the newly formed government efficiency office met key participants of various cryptocurrency blockchains. The aim is to evaluate the suitability of the platforms in terms of government requirements.
Musk had already recruited around 100 people to help him write the code of his projects aimed at improving government efficiency before Trump’s inauguration, according to one person.
Will Trump favor Solana for official use?
Solana is the choice of Mr. Trump’s closest business associates. wildly popular Trump and Melania meme coins. It is not clear whether Solana will be used by the new administration as a channel to manage government transactions and management online.
Ethereum is a blockchain that Trump also favors and which has the largest cryptocurrency market capitalization. Ethereum also has a much higher adoption rate by US financial institutions than Solana. Since last July, it has exchange-traded funds (ETFs) available on Wall Street.
Peter Thiel is a big fan of Ethereum. He’s a legendary Silicon Valley entrepreneur and venture capitalist, who founded PayPal along with Elon Musk, and gave it monetary support through his Thiel fellowship.
If the US government uses the network in question, it is safe to say that the value of the asset will increase.
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