Elon Musk has been at the head of the Department Of Government Efficiency since January 20, and we already need to talk about him. The latter is in the process of exploring blockchain technology to reduce American government spending, which is $6.27 trillion in 2022. Blockchain makes it possible to track all spending, all money flows, in a manner transparent and tamper-proof, while reducing audit costs. A world first which could inspire other countries, such as France.
Elon Musk explores blockchain to reduce government spending
After words, it’s time for actions. Since his victory on November 6, 2024, President Donald Trump has promised to change things. One of the means to achieve this end is the creation of a new department dedicated to the efficiency and effectiveness of the American administration appointed Department Of Government Efficiency, or DOGE. At its head, Elon Musk, second winner of these elections.
Elon Musk is known to be a strong supporter of blockchain in general and cryptocurrencies in particular. He defended Dogecoin, appointed a state department on behalf of crypto, and his company Tesla bought Bitcoin.
Elon Musk's love for Web3 is not just a facade. The DOGE department is reportedly exploring the use of blockchain to reduce the costs of the American administrationaccording to confidential sources close to the matter.
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On condition of anonymity, a source said:
There is talk of using blockchain to track federal spending, secure data, make payments and even manage buildings.
An idea that was also put forward by Changpeng Zhao on X:
Unpopular opinion: 😂
All governments should track all their spending on the blockchain, an immutable public ledger.
It's called “public spending” for a reason.
— CZ 🔶 BNB (@cz_binance) January 25, 2025
According to sources, agents affiliated with the DOGE department organized meetings with representatives of different blockchains to evaluate the technology and seek the most suitable solution.
The DOGE departmentcreated on January 20 by a decree signed by Donald Trump, has the mission of “ solve the problems of inefficiency, reduce expenses, solve the problem of administration. »
Blockchain would be one of the tools used by Elon Musk to achieve this ambitious goal. The American administration is a real headache, with a federal budget of $6.27 trillion for the year 2022 which is used to finance dozens of agencies and departments.
Among them, we can cite the example of the Pentagon. The US Department of Defense manages an annual budget of $849.8 billion in 2024, a figure increasing year over year. Gold, The Pentagon has failed every audit of its accounts for 7 years.
In other words, It is impossible to know in detail how these 850 billion dollars – annually – are spent. To top it all off, companies that respond to calls for tenders from the US military are suspected of inflating prices, with absurd situations, such as wastebaskets being charged $52,000.
Taxpayers' money is therefore spent in questionable ways. At a time when inflation threatens Americans' standard of living, it is legitimate to question government spending. largest federal budget in the world.
The blockchain would make it possible to limit these abuses. All expenditure would be public, from the arrival of money into state coffers via taxes, to the purchase of wastebaskets by the Pentagon.
Citizens could then use this information to demand accountability if something goes wrong, without waiting for a whistleblower to denounce the abuses.
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Blockchain represents the future of democracies
This is not the first time we have talked about blockchain in this context. The republic, which comes from Latin res publica (public affairs), can only work with transparency. In our modern societies, with millions of inhabitants, it is difficult to guarantee the public and transparent aspect of the functioning of the State.
It is precisely the characteristic of blockchain to be transparent while being tamper-proof and secure.
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In France, voices call for the use of blockchain for public spending for many years. Its use for voting is also being explored, notably by a Bordeaux company, V8te, which has obtained validation from the CNIL for its blockchain-based voting system.
Unfortunately for us, this technology will not be used to improve the functioning of the French state for a long time. As recalled by Raphaël Bloch, crypto journalist at The Big Whale, an order dated 1959 prohibits “ reduce and therefore monitor public spending. »
If Elon Musk really used blockchain to clean up US public spendingthat would be a huge step forward. Some observers note that “ If DOGE uses this technology, the department would likely dwarf all government projects carried out in the United States so far. »
A real revolution that would profoundly change a State and an administration that have become stifling and counterproductive, while having costs that have never been so high. We can only hope for one thing: that the American example inspires our politicians.
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Cryptocurrency expert, Marc-Antoine began his journey in Web 3 alongside David Prinçay (current president of Binance France) in the French Cryptocurrency Club. Since then, it is by writing articles in the best-known crypto media in France that he has spread the good word. If you've read an article about crypto, there's a good chance you've read one of his articles. NFT, Blockchain, Web 3, DeFi, there is no sector that is foreign to it. And don't ask him what the next coin to buy is: it's a maximalist Bitcoin (yes, no one is perfect).
Marc-Antoine Caen Poletti
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