Trump administration’s blockchain plan for USAID is a real head-scratcher
Whatever happens to USAID, it will apparently “leverage blockchain technology.”…
“It feels like a fake technological solution for a problem that doesn’t exist,” she says. “I don’t think we were ever able to find an instance where people were using blockchain where they couldn’t use existing tools.”
It's rare to see someone getting it in popular media.
Trump administration’s blockchain plan for USAID is a real head-scratcher
Taking a shot in the dark here and saying they're implementing blockchain to enable corruption and fraud.
Yes! There was no fraud before, so lets add some and take credit for fixing it. It's the classic Trump cycle.
My understanding of USAID is that it is primarily a front for CIA operations. So, having all their financial activities recorded on a public ledger would be not particularly… intelligent. So there’s that.
Works as a flex I guess. Does this government agency budget statement really include a multi-million dollar line for "arming fascist death squads to destabilize countries most of us couldn't find on a map"? Why yes it does, what are you going to do about it!
Doubtful that USAID is a front for CIA. Musk has access to USAID and hasn't found any fraud.
It feels more like they are trying to use the guise of 'foreign aid' to try and install international dependencies on a US led crypro-currency in response to the dying global-economic relevancy of the US Dollar. Or not.
