The Trump administration is getting ready to restructure the U.S. Company for Worldwide Improvement (USAID) and combine blockchain know-how into its procurement system, Wired reported, citing a memo circulating amongst State Division workers.
The plan proposes rebranding the company as U.S. Worldwide Humanitarian Help and transferring it instantly underneath the authority of the Secretary of State, Wired mentioned. It will leverage a blockchain to hint assist distributions and implement cost fashions based mostly on outcomes quite than inputs.
“All distributions would even be secured and traced through blockchain know-how to radically improve safety, 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 underneath scrutiny from the Trump administration for the reason that institution of the Division of Authorities Effectivity (DOGE), led by Elon Musk. DOGE has up to now proposed the use of blockchain know-how to spice up effectivity. The president froze USAID funds in a Jan. 20 government order.