Elon Musk is reportedly considering Blockchain movement as a potential platform for his Doge initiative, which aims to use Blockchain technology for improved transparency and cost reduction of government activities.
A Bloomberg report released on Sunday showed that Musk discussed using blockchain to follow the federal expenses, to protect data, to streamline payments and manage the government infrastructure.
A message about X earlier today released by DB, Tier10K, emphasized that Movement Blockchain is one of the companies that are currently in discussions with Musk’s Doge team to explore blockchain solutions.
Movement blockchain is a Layer 2 solution on Ethereum, using zero knowledge (ZK) Rollup technology to improve scalability and security.
Sources that are familiar with the case confirmed that representatives of doge movement evaluate in addition to other public block chains on their technological possibilities and potential to stimulate efficiency.
The DOGE initiative regards Blockchain as a way to reduce fraud, waste and abuse in government programs, in accordance with Trump’s focus on reducing the shortage.
Earlier today, Trump’s World Liberty Financial (WLFI) acquired the indigenous token of Blockchain movement, Move, for his decentralized financial project.
The Token increased by 15% in value after the purchase of WLFI and the DB report that Movement Blockchain links to the DOGE team of Musk.