Elon Musk, elected by President Donald Trump to lead the new Department of Government Efficiency, suggested using Blockchain technology as part of the operation, Bloomberg reported.

Musk suggested that the use of a digital headbook would be a cost -effective way to track federal expenses, secure data, make payments and manage buildings, according to people who are familiar with the case.

Several representatives of public blockchains have met with affiliated companies of DOGE, the people said.

The department was created in response to the federal government’s $ 6.7 trillion expenses in the 2024 financial year, which Musk called “wasted” money in October. He promised that the department – whose abbreviation is a nod to Musk’s favorite cryptocurrency, Dogecoin (DOGE) – would cut the number to a maximum of $ 2 trillion.

Given the department’s name and Trump’s willingness to establish crypto-Rengey policies in the United States, Musk’s plan to incorporate blockchain technology is not surprising.

In addition to creating DOE On January 20, Trump signed an executive order to set up a working group on digital assets led by venture capitalist David Sacks with a mandate to identify all rules currently touching crypto within 30 days, among other things.