Elon Musk is exploring the use of blockchain technology to reduce government spending in the United States. Reportedly, Musk has stated that he hopes to cut federal expenditures by between 1 trillion and 6.50 trillion dollars annually to help balance the budget.

<p style="float: right; margin: 0 0 10px 15px; width: 240px;"><img src='https://sosovalue.s3.us-west-2.amazonaws.com/sosovalue/web3image/25/01/26/4k8gttw6so0d.png'/></p><p>Elon Musk has previously stated that he wants to cut $1 trillion to $6.5 trillion in annual federal spending to help balance the budget.</p>

Elon Musk explores blockchain technology to reduce U.S. government spending