Which Blockchain Could the US Adopt for Government Spending Transparency?

Which Altcoin Could the US Adopt for Blockchain-Based Spending?

Elon Musk, DOGE, and the Push for Transparent Government Spending

Elon Musk and the Dogecoin (DOGE) community have floated the idea of moving all US government spending onto a blockchain to enhance transparency. But which altcoin project could be the best fit for this vision? Coinbase CEO Brian Armstrong has now joined the discussion, further fueling speculation about potential blockchain adoption for public spending.

If implemented, this initiative would turn the entire US budget into an open ledger. Every tax dollar would be trackable, every transaction visible, and corruption significantly reduced. But which blockchain could be chosen for such a massive undertaking? Let’s examine four potential candidates.

Why Blockchain-Based Government Spending is a Game-Changer

If the US were to adopt blockchain for government spending, it would mean that $6.9 trillion in annual expenditures would become fully transparent. This could bring several important benefits:

Increased Security – Blockchain stores data in immutable blocks, preventing unauthorized changes and allowing real-time fraud detection.
Permissioned or Public Chains – The government could choose between a private blockchain with restricted access or a public ledger for full transparency.
Stronger Fraud Prevention – Unlike the current government spending databases, blockchain enables more advanced search functions and tracking mechanisms.

Currently, US government databases operate on an append-only model, which limits search capabilities. A blockchain-based system would provide a more robust, searchable, and transparent solution.

The Pentagon’s Accounting Issues

The US Pentagon holds $3.8 trillion in assets but cannot account for 63% of them. In 2018, it spent $1 billion on an audit—only to fail. The goal is to pass an audit by 2028, but with blockchain, the government could ensure accountability much sooner.

Additionally, blockchain could help eliminate fraudulent beneficiaries and ensure funds reach only legitimate individuals or programs. However, the biggest obstacle to this idea is bureaucratic resistance, as federal institutions might push back against such radical transparency.

Which Blockchain Could Musk and DOGE Choose?

1. XRP Ledger ($XRP)

Ripple CEO Brad Garlinghouse has been actively working to establish close ties with the Trump administration. He previously pushed for XRP to be included in a Strategic Crypto Reserve, though the focus now appears to be on Bitcoin. Despite setbacks, XRP remains a strong contender due to its US origins and established industry presence.

2. Cardano ($ADA)

Cardano’s founder, Charles Hoskinson, is also connected to the Trump administration and is in consideration for an advisory role on crypto policies. Cardano recently became the most decentralized chain by introducing governance mechanisms, making it highly transparent and scalable—qualities Musk may find appealing.

3. Base

Coinbase’s Base, a layer-2 blockchain, is another option. Coinbase CEO Brian Armstrong has publicly supported Musk’s idea, and given Base’s US origins and corporate backing, it could be a strong candidate. While Base does not yet have its token, its integration with Coinbase provides significant advantages.

4. Hedera ($HBAR)

Hedera is a US-based hashgraph, which functions similarly to a blockchain. Recently, Hedera promoted itself as a potential option for government spending transparency, emphasizing its USD-pegged fees, which simplify transactions.

Source: altcoinbuzz