Elon Musk is reportedly exploring Movement Blockchain as a potential platform for his DOGE initiative, which aims to utilize blockchain technology for increased transparency and cost savings in government operations.
A recent Bloomberg report revealed Musk’s interest in using blockchain to monitor federal spending, secure data, streamline payments, and oversee government-owned infrastructure.
A post on X published today by db, tier10k, highlighted that Movement Blockchain is one of the companies in talks with Musk’s DOGE team to investigate blockchain solutions.
Movement Blockchain operates as a Layer 2 solution on Ethereum, leveraging zero-knowledge (ZK) rollup technology to improve scalability and security.
Sources familiar with the situation 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 tool to reduce fraud, waste, and abuse in government programs, aligning with Trump’s focus on deficit reduction during his campaign.
Earlier today, Trump’s World Liberty Financial (WLFI) purchased Movement Blockchain’s native token, MOVE, for its decentralized finance project.
The token saw a 15% increase in value following WLFI’s acquisition and the db report connecting Movement Blockchain with Musk’s DOGE team.