Elon Musk’s plan to run government on blockchain faces uphill battle
Are centralized nation states compatible with decentralized infrastructure? Elon Musk, the EU and Estonia are trying to find out.
Elon Musk hit the headlines in late January for a reported plan to run parts of the US government on blockchain. The idea became an international story, even though Bloombergs sources were anonymous and neither Musk nor the US government announced anything official (Musk did express support for the idea on X however.)
The concept clearly has fans in the crypto community. Coinbase CEO Brian Armstrong posted: Imagine if every government expenditure was done transparently onchain, while Binance co-founder Changpeng CZ Zhao opined that all governments should track all their spending on the blockchain, an immutable public ledger.
There was even speculation about which blockchain platforms Musk could be looking at. My view is that these will be US-originated chains such as Solana Foundation, Ripple, Sui Foundation, Aptos Foundation, The HBAR Foundation, posted Lory Kehoe, chief commercial officer at M2.
