- Elon Musk has access to US Treasury data
- He insists there are inefficiency and fraud spending
- He suggests moving to blockchain for accountability
Elon Musk continues to optimize the government systems drastically and now insists there is inefficiency and fraud spending in the US Treasury. He suggests moving the US Treasury to blockchain for transparency and accountability.
Elon Musk US Treasury Optimization Details
Elon Musk is tightly integrated into the new Donald Trump administration, and DOGE now makes him a federal employee with fairly broad powers.
The recent USAID story was a high-profile example of this. Elon Musk and the team have access to the US Treasury data, albeit in “read-only” mode without authority to alter or disrupt ongoing payments.
He is now making loud claims that the US Treasury should also undergo a radical review and optimization against the backdrop of inefficiency and fraud spending.
He agreed that it could be remedied by moving the entire US Treasury to the blockchain, as it can bring the immutability, transparency, and accountability of the key US financial system.
Conclusion
It is worth noting that the US Treasury does require maximum immutability, transparency, and accountability and blockchain technology seems to be the ideal pick.
However, it is important to realize that this can be compared to open-heart surgery, which can affect a myriad of other related systems. In many ways, its full transition to blockchain requires a complete reboot of the U.S. financial systems and financial infrastructure, so even with the support of the entire new administration, this is unlikely to happen quickly, if at all.
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