Why Elon Musk's Blockchain Plan for US Treasury is a Recipe for Disaster
2025-02-14
Fortune on MSN.com
While blockchain technology has shown immense promise, its application in handling the vast volume of US Treasury payments is a stretch. Even the most ardent proponents of blockchain, like myself, acknowledge that current security concerns and scalability issues make it a less-than-ideal solution. With the sheer volume of transactions involved, it's unlikely that any existing blockchain could handle the load, making it a risky proposition. As we explore the potential of blockchain in finance, it's essential to consider the limitations of the technology and prioritize stability and security. Keywords like blockchain scalability and security are crucial in this context.
