Elon Musk, head of the US Department of Government Efficiency, publicly endorsed using blockchain technology for all US Treasury transactions.
He cited concerns about fraudulent payments and non-compliance with funding laws, referencing a New York Times report on potential misuse of the system.
While the specifics of Musk's proposal remain unclear, including whether a new or existing blockchain would be used, it highlights efforts to improve transparency and security in government spending. Show Less
