The Department of Government Efficiency, the cost-cutting initiative led by billionaire Elon Musk, is reportedly considering the use of a public blockchain to bring transparency and other potential benefits to government operations and spending.

That’s according to Bloomberg, which reported Saturday that Musk’s DOGE agency is holding conversations with representatives from multiple existing public blockchains, according to sources close to the conversations.

No specific chains are mentioned in the report, though Bloomberg reports that DOGE is keen on using a blockchain—an immutable, public ledger—to monitor government spending and handle payments, handle data, and perhaps even “manage buildings” under the U.S. government’s purview.

DOGE—which appears to share its acronym with the ticker of Musk’s favorite cryptocurrency, Dogecoin—was discussed on President Donald Trump’s campaign trail and then made official following his November election win. Musk was supposed to co-run the effort with Vivek Ramaswamy, but the latter billionaire and Bitcoin fan departed this week for an apparent run at Ohio governor.

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Author: Andrew Hayward