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The Trump medication is preparing to restructure the U.S. Agency for International Development (USAID) and integrate blockchain exertion into its procurement system, Wired reported, citing a memo circulating among State Department staff.
The program proposes rebranding the bureau arsenic U.S. International Humanitarian Assistance and moving it straight nether the authorization of the Secretary of State, Wired said. It would leverage a blockchain to hint assistance distributions and enforce outgo models based connected outcomes alternatively than inputs.
“All distributions would besides beryllium secured and traced via blockchain exertion to radically summation security, transparency, and traceability,” the memo reportedly reads, adding that specified an attack would promote innovation and efficiency.
It’s unclear whether the blockchain would impact cryptocurrency oregon stablecoin usage, oregon simply enactment arsenic a integer ledger.
USAID has been nether scrutiny from the Trump medication since the constitution of the Department of Government Efficiency (DOGE), led by Elon Musk. DOGE has successful the past projected the use of blockchain exertion to boost efficiency. The president froze USAID payments successful a Jan. 20 enforcement order.
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