“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.
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.
Doubtful that USAID is a front for CIA. Musk has access to USAID and hasn’t found any fraud.
I don’t mean just Elon. USAID’s spending is both public and subject to the FIA requests. Blockchain isn’t helping with anything here.
If you have info about how USAID is a front for covert CIA operations. That would be newsworthy.
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.
