Former Goldman Sachs analyst: Musk's hope for the U.S. Treasury to adopt blockchain could pose national security risks

2025-02-17 22:04:06

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ChainCatcher news, former Goldman Sachs analyst and co-founder of the blockchain education center The Coin Bureau, Nic Puckrin, stated in an article for Fortune magazine that Musk's hope for the U.S. Treasury to adopt blockchain could pose national security risks.

He pointed out that while the infinite financial opportunities provided by blockchain technology and the cryptocurrency sector not only help to increase personal wealth but also enhance the efficiency and transparency of nation-states, the U.S. Treasury's involvement in blockchain could expose many sensitive financial information (such as defense spending or foreign exchange operations) to hacking risks. Even though these security issues could be addressed by using encrypted data and privacy-protecting blockchains, it seems that there is currently no blockchain capable of handling over $50 trillion in U.S. Treasury assets.

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