Elon Musk is reportedly exploring the potential use of blockchain technology to help curb the United States' federal spending. Musk has previously expressed intentions to cut annual federal expenditures, reducing them from $1 trillion to $6.5 trillion. His latest actions suggest a keen interest in leveraging blockchain's transparency and efficiency to achieve these fiscal goals.
This innovative approach may present a paradigm shift in government financial management, urging policymakers to consider decentralized solutions for more effective budgeting and expenditure tracking.
Source: cointelegraph.com ↗