The Trump administration is making ready to restructure the U.S. Company for Worldwide Growth (USAID) and combine blockchain know-how into its procurement system, Wired reported, citing a memo circulating amongst State Division employees.
The plan proposes rebranding the company as U.S. Worldwide Humanitarian Help and transferring it instantly beneath the authority of the Secretary of State, Wired stated. It could leverage a blockchain to hint assist distributions and implement cost fashions primarily based on outcomes somewhat than inputs.
“All distributions would also be secured and traced via blockchain technology to radically increase security, transparency, and traceability,” the memo reportedly reads, including that such an method would encourage innovation and effectivity.
It’s unclear whether or not the blockchain would contain cryptocurrency or stablecoin utilization, or just act as a digital ledger.
USAID has been beneath scrutiny from the Trump administration because the institution of the Division of Authorities Effectivity (DOGE), led by Elon Musk. DOGE has up to now proposed the usage of blockchain know-how to spice up effectivity. The president froze USAID funds in a Jan. 20 govt order.
