Elon Musk's DOGE mulls blockchain for transparency

As Elon Musk explores blockchain technology for the Department of Government Efficiency (DOGE), the initiative has drawn both support and scrutiny.

The goal is to increase transparency, eliminate inefficiencies, and reduce federal spending using blockchain's decentralised ledger system.

DOGE is considering blockchain for tracking expenditures, securing data, streamlining payments, and managing government assets.

The effort aligns with a trend toward blockchain for government transparency, with potential applications in record-keeping and property management.

DOGE's work is expected to conclude on July 4, 2026.

While proponents suggest blockchain could enhance financial oversight, concerns have emerged regarding data access and centralisation.

Some experts emphasise that any blockchain system must remain decentralised to be truly effective.

Reports indicate DOGE has gained access to the federal payment system, raising concerns about potential misuse of data and influence over economic policy.

Critics also note Musk's involvement in cryptocurrency and the potential for conflicts of interest.

The authorisation arrives following a confrontation earlier this week with a senior Treasury official who had been reluctant to permit Musk's associates entry into the payment system.

This official, David Lebryk, a career civil servant, was placed on leave and subsequently retired unexpectedly on Friday after the incident, according to insiders.

Despite these concerns, DOGE has achieved some savings, identifying a $100 billion loophole related to improper entitlement payments.

The agency has also forged an agreement with the U.S. Treasury to close these gaps.

However, the long-term implications of Musk's involvement and the use of blockchain in government remain a subject of debate.