Altcoins Talks - Cryptocurrency Forum

Learning & News => News related to Crypto => Topic started by: TomPluz on March 21, 2025, 06:32:12 AM

Title: Trump Officials Push to Put USAID Procurement on Blockchain
Post by: TomPluz on March 21, 2025, 06:32:12 AM

(https://cimg.co/wp-content/uploads/2025/03/21040349/1742529828-image-1742529799542_optimized.jpg)

Quote

The Trump administration is pushing to integrate blockchain technology into USAID’s procurement process. This move could transform how the agency tracks international aid. It could also change how aid is delivered worldwide.

Officials say that recording every dollar spent and every shipment dispatched on an immutable digital ledger could drastically improve transparency at USAID. They add that blockchain could reduce fraud and speed up payments to partners on the ground. However, critics warn that uneven internet access in developing countries could hamper implementation. They also caution that data‑security risks remain a major concern.

According to a memo obtained by Politico, the administration plans to rename the United States Agency for International Development (USAID) as US International Humanitarian Assistance (IHA) and place it directly under the Secretary of State. The document calls for leveraging blockchain to “secure and trace all distributions,” shifting the focus from procedural inputs to meSPAM BANble outcomes.



More of this news here at Cryptonews (https://cryptonews.com/news/trump-officials-push-to-put-usaid-procurement-on-the-blockchain/).


With many changes occurring and will occur with the new administration in the White House, this is one that will also game-change many things as far as transparency and resource use can be concerned. As proven by DOGE, so many wastes and unnecessary funded projects came to light under the past administration and with the use of the blockchain technology am sure things can get better. I am really hoping that they gonna push for this proposal and hopefully there will be more adoption of the blockchain technology by the government in years ahead.





Title: Re: Trump Officials Push to Put USAID Procurement on Blockchain
Post by: Bobcrypto on March 21, 2025, 09:29:02 AM
Yeah, it strategy to cut waste on the US economy, I think is part of the idea the Department of government efficiency (DOGE) efforts to reduce the US spending.
It is a good developments, which will definitely increase blockchain and Cryptocurrency awareness and increase adoptions now and near future. it is a boost to the cryptocurrency economy growth and an excellent move by president Donald Trump.
Title: Re: Trump Officials Push to Put USAID Procurement on Blockchain
Post by: target on March 21, 2025, 09:42:47 AM

And the blockchain to be use is Ethereum? I'm not sure where I read his but this was what I remember.

Because they wanted to record every funds they are sending, it should be best to make these in blockchain to that everyone will know exactly how much was sent to a country they send aid. This is why Trump was furious about Zelensky asking funds from Biden every time and yet there is no record of how much exactly.
Title: Re: Trump Officials Push to Put USAID Procurement on Blockchain
Post by: Z-tight on March 21, 2025, 01:27:06 PM
I believe that if this is implemented, it will be a private digital ledger and only authorized persons would be able to vet it, i also do not think this is going to involve any crypto, but just the blockchain. More details and information will be necessary, before i can strongly express my opinion on this.
Title: Re: Trump Officials Push to Put USAID Procurement on Blockchain
Post by: MrSpasybo on March 21, 2025, 07:28:12 PM
With many changes occurring and will occur with the new administration in the White House, this is one that will also game-change many things as far as transparency and resource use can be concerned. As proven by DOGE, so many wastes and unnecessary funded projects came to light under the past administration and with the use of the blockchain technology am sure things can get better. I am really hoping that they gonna push for this proposal and hopefully there will be more adoption of the blockchain technology by the government in years ahead.
We've been talking about blockchain potential for transparency, but it's only now being tapped. The Vietnamese government once tried storing citizen degree data on Tomochain, but it was a failed experiment. We haven't had any updates on it, and Tomochain was acquired by Coin98 and rebranded as Viction.

I hope Trump can bring transparency to USAID spending by putting the information on the blockchain and allowing everyone to check in real time. What I'm waiting for now is which blockchain will be used: most likely it will be Cardano ^^
Title: Re: Trump Officials Push to Put USAID Procurement on Blockchain
Post by: KingsDen on March 21, 2025, 08:10:06 PM
Yeah, it strategy to cut waste on the US economy, I think is part of the idea the Department of government efficiency (DOGE) efforts to reduce the US spending.
It is a good developments, which will definitely increase blockchain and Cryptocurrency awareness and increase adoptions now and near future. it is a boost to the cryptocurrency economy growth and an excellent move by president Donald Trump.
Donald Trump administration is not fading in their crypto journey and fulfilling their promises. All the promises Trump made, he is fulfilling and doing more. Incorporating Blockchain in USAID will improve transparency in the side of both the recieving countries and US. I am loving the crypto and Blockchain president that US has.
Title: Re: Trump Officials Push to Put USAID Procurement on Blockchain
Post by: hugeblack on March 21, 2025, 08:15:03 PM

And the blockchain to be use is Ethereum? I'm not sure where I read his but this was what I remember.


Why? The financial uses of blockchain are far greater than cryptocurrencies.
A centralized blockchain could be used something like Ripple.



I believe the demand for blockchain and transparency is a tactical position, as part of USAID's work is political/intelligence-based, so I don't think the idea of ​​making all transactions highly transparent in such organizations is a priority.
Title: Re: Trump Officials Push to Put USAID Procurement on Blockchain
Post by: bitterguy28 on March 21, 2025, 11:14:43 PM

(https://cimg.co/wp-content/uploads/2025/03/21040349/1742529828-image-1742529799542_optimized.jpg)

Quote

The Trump administration is pushing to integrate blockchain technology into USAID’s procurement process. This move could transform how the agency tracks international aid. It could also change how aid is delivered worldwide.

Officials say that recording every dollar spent and every shipment dispatched on an immutable digital ledger could drastically improve transparency at USAID. They add that blockchain could reduce fraud and speed up payments to partners on the ground. However, critics warn that uneven internet access in developing countries could hamper implementation. They also caution that data‑security risks remain a major concern.

According to a memo obtained by Politico, the administration plans to rename the United States Agency for International Development (USAID) as US International Humanitarian Assistance (IHA) and place it directly under the Secretary of State. The document calls for leveraging blockchain to “secure and trace all distributions,” shifting the focus from procedural inputs to meSPAM BANble outcomes.



More of this news here at Cryptonews (https://cryptonews.com/news/trump-officials-push-to-put-usaid-procurement-on-the-blockchain/).
this is a really good news actually because finally they are not just using bitcoin to make profit but they are also maximizing its real purpose and integrating blockchain technology into governments not only can this improve people's perception of bitcoin or crypto as a whole but blockchain's technology will now be realized and used in different industries i would say that trump is really approaching crypto in the best possible way right now
Title: Re: Trump Officials Push to Put USAID Procurement on Blockchain
Post by: Kemarit on March 22, 2025, 12:27:49 AM
I believe that if this is implemented, it will be a private digital ledger and only authorized persons would be able to vet it, i also do not think this is going to involve any crypto, but just the blockchain. More details and information will be necessary, before i can strongly express my opinion on this.

And why will it be private though? they wanted to used blockchain technology for transparency so it doesn't make sense if this is going to accessible to government eyes or some private individuals.

This needs to be public so that we can track where the disbursement is going.

How is the transfer going though? Will it be in stable coins?
Title: Re: Trump Officials Push to Put USAID Procurement on Blockchain
Post by: Z-tight on March 22, 2025, 06:33:39 PM
And why will it be private though? they wanted to used blockchain technology for transparency so it doesn't make sense if this is going to accessible to government eyes or some private individuals.
I was only speculating, i am not sure of anything and we would only understand better when further information is provided. However, i don't just see how they can make such data public to everybody, it could be public to only authorized personnel, but that is just my thought.
Title: Re: Trump Officials Push to Put USAID Procurement on Blockchain
Post by: NotATether on March 23, 2025, 11:06:14 AM
Now you see, *this* would be a good use of blockchain in the government, but the only problem is that it would have to be maintained by a third-party contractor. Because I can see this going terribly wrong if the government themselves attempt a blockchian. Primarily, corruption is a big problem that the previous admin did not seem to care about. It would be easy for a corrupt government to tamper a blockchain by strategically leaving out records.
Title: Re: Trump Officials Push to Put USAID Procurement on Blockchain
Post by: Jating on March 26, 2025, 10:15:28 AM
And why will it be private though? they wanted to used blockchain technology for transparency so it doesn't make sense if this is going to accessible to government eyes or some private individuals.
I was only speculating, i am not sure of anything and we would only understand better when further information is provided. However, i don't just see how they can make such data public to everybody, it could be public to only authorized personnel, but that is just my thought.
It might be that they need to make it public so that everyone can see and there's no doubt of tampering it. And that's how we see what blockchain is.

But it's really hard to say if they are going to let a 3rd party handle. And who will be supposedly independent contractor that will get this one? It could be a private firm but for sure that company has some connections to the government in order to procure this project.
Title: Re: Trump Officials Push to Put USAID Procurement on Blockchain
Post by: yhiaali3 on March 27, 2025, 08:49:50 PM
Yes, I expect this shift toward blockchain technology to play a significant role in improving the agency's work, and I hope this experience will be extended to other important agencies.

I'm surprised by Trump, as there has been a lot of positive news during his term, such as this decision and others related to Bitcoin. At the same time, there has been a lot of bad news resulting from Trump's wrong decisions regarding raising tariffs and similar decisions that have angered many countries.
Title: Re: Trump Officials Push to Put USAID Procurement on Blockchain
Post by: Zed0X on March 27, 2025, 11:08:13 PM
Something allegedly used as a tool for destabilization now trying to be transparent? ;D Well, if it's going to be a public ledger, then I would believe this. If it's private and the same Government officials are given access to it, it's not that different from the previous.
Title: Re: Trump Officials Push to Put USAID Procurement on Blockchain
Post by: Trongduy on March 28, 2025, 11:04:06 AM
Yes, I expect this shift toward blockchain technology to play a significant role in improving the agency's work, and I hope this experience will be extended to other important agencies.

I'm surprised by Trump, as there has been a lot of positive news during his term, such as this decision and others related to Bitcoin. At the same time, there has been a lot of bad news resulting from Trump's wrong decisions regarding raising tariffs and similar decisions that have angered many countries.
I don't think Trump is making the wrong decisions regarding tariffs, I believe it's part of a negotiation tactic that Trump is very proficient at from his own experience. Usually the results won't be as extreme as what Trump demands, and that will be a good opportunity for the market to rise.

Applying blockchain to make government operations and spending transparent is necessary. Any blockchain that is trusted for use will have the opportunity to see the native token's price increase, I'm thinking of ETH, SOL and ADA.
Title: Re: Trump Officials Push to Put USAID Procurement on Blockchain
Post by: hugeblack on March 28, 2025, 09:26:37 PM
Applying blockchain to make government operations and spending transparent is necessary. Any blockchain that is trusted for use will have the opportunity to see the native token's price increase, I'm thinking of ETH, SOL and ADA.
why do you think blockchain will be ETH, SOL, and ADA? It's decentralized and unsuitable for use by government agencies. Let's not forget that blockchain has economic uses beyond cryptocurrencies, so it's a mistake to always assume it refers to cryptocurrencies.
Title: Re: Trump Officials Push to Put USAID Procurement on Blockchain
Post by: NotATether on April 06, 2025, 01:22:32 AM
I thought USAID was shut down.

Besides, it's too late for improving transparency with blockchain.

The agency is already being heavily audited for simply handing out taxpayer money to anyone who asks for it. Blockchain would only make sense for future records, but since all aid is halted, then nothing of substance will be added.