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Why Elon Musk's Plan to Put the US Treasury on a Blockchain is a Recipe for Disaster

Fortune on MSN.com

While blockchain technology has the potential to revolutionize various industries, putting the US Treasury on a blockchain is a daunting task. Even if security concerns are addressed, current blockchain systems are not equipped to handle the massive volume of Treasury payments, making it a logistical nightmare. With the rise of cryptocurrency and decentralized finance, it's essential to carefully consider the limitations of blockchain technology before implementing it on a large scale, including issues related to scalability and interoperability, which are crucial for a successful digital transformation.