So-called blockchain technology is used, among other things, in the trade of the cryptocurrency bitcoin and is now intended as a tool to reduce the costs of the American state apparatus, which is the goal of Doge, named after the cryptocurrency dogecoin.
Although the idea of using blockchain technology in government activities is not new, there are still uncertainties surrounding security aspects and how efficient it is, writes Bloomberg.
The initiative launched by Trump has also faced some setbacks already. Vivek Ramaswamy, who was to lead Doge together with Musk, recently announced that he is jumping off.
