The Trump administration is preparing to rearrange the US Agency for International Development (USAID) and include blockchain technology in its acquisition system, Wired, reported, citing a memo Talking around with State Department staff.
The plan recommends the agency’s rebuilding as the aid of the US International Humanitarian and transferred it directly under the State Secretary’s authority, Wired said. It will be available to a blockchain to monitor assistance distribution and implement payment models based on outcomes instead of inputs.
“All distributions will be secured and monitored through blockchain technology to radically increase security, transparency, and monitoring,” the memo has been reported reading, adding that such a procedure will encourage change and efficiency.
It is unclear whether the blockchain is involved in the use of cryptocurrency or stablecoin, or simply act as a digital ledger.
The USAID has been under a thorough investigation from Trump’s management since the establishment of the Department of Government (DOGE) Department, led by Elon Musk. Doge has been in the past that has been suggested the Use of blockchain technology to boost efficiency. The President Froze payments to USAID In an executive order of January 20.
