Elon Musk is reportedly exploring Movement Blockchain as a potential platform for his DOGE initiative, which aims to utilize blockchain technology to enhance transparency and reduce costs in government operations.
A recent Bloomberg report revealed that Musk has been in talks about using blockchain to track federal spending, secure data, simplify payments, and oversee government-owned infrastructure.
In a post on X published today by db, tier10k, it was highlighted that Movement Blockchain is one of the companies currently in discussions with Musk’s DOGE team to investigate blockchain solutions.
Movement Blockchain operates as a Layer 2 solution on Ethereum, utilizing zero-knowledge (ZK) rollup technology to improve scalability and security.
Sources familiar with the situation have confirmed that DOGE representatives are assessing Movement and other public blockchains for their technological capabilities and potential to enhance efficiency.
The DOGE initiative sees blockchain as a means to combat fraud, waste, and abuse in government programs, aligning with Trump’s focus on deficit reduction.
Earlier today, Trump’s World Liberty Financial (WLFI) acquired Movement Blockchain’s native token, MOVE, for its decentralized finance project.
The token saw a 15% increase in value following WLFI’s purchase and the db report connecting Movement Blockchain to Musk’s DOGE team.
