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The US Institution Will Use Blockchain with Elon Musk's DOGE Proposal! - Coin Bulletin
The Trump administration announced plans to rename the United States Agency for International Development (USAID) and to link the agency to the Department of State.
The Trump administration plans to change the name of USAID and to link the agency to the Department of State. Additionally, the integration of blockchain technology into the procurement process is aimed at enhancing the security and transparency of fund distribution.
With the new plan, USAID will now be referred to as United States International Humanitarian Aid (IHA). This change aims to create a more effective structure for the agency's funding and assistance efforts. The Trump administration aims to establish a more centralized control mechanism with this transformation and ensure more efficient distribution of international aid.
This new structure integrated into the Ministry of State stands out as a significant change in the management of humanitarian aid, especially in developing countries. With the alteration of USAID's operations, the agency's control over international aid will also be strengthened. Moreover, funding processes will become more transparent with technological innovations.
The management plans to integrate blockchain technology into the supply processes. This technology will be used to track how the aid is distributed. Blockchain will help prevent possible fraud by allowing transparent tracking of every stage of the distributed funds.
The suggestion comes after the DOGE unit, led by Elon Musk, proposed a series of cuts to USAID and is exploring options for integrating federal government systems onto the blockchain.