US presidential candidate Robert F. Kennedy says that he will employ blockchain technology in public finances if he wins the nation’s highest political office, according to a report by The Hill.
The report cites Kennedy saying at a rally in Michigan that he will use blockchain technology to enhance transparency and accountability in US public spending.
[adinserter block="1"]“I’m going to put the entire US budget on the blockchain so that any American — every American can look at every budget item in the entire budget anytime they want 24 hours a day…
We’re going to have 300 million eyeballs on our budget, and if somebody is spending $16,000 for a toilet seat, everybody’s going to know about it.”
Unlike in a regular database, information recorded on a blockchain can neither be altered nor deleted and this results in a permanent and transparent record of all entries.
Since announcing his candidacy in May 2023, the nephew of the 35th US president John F. Kennedy has emerged as one of the most crypto-friendly politicians. About two months after entering the race, Kennedy promised he would back the dollar with Bitcoin (BTC) and other assets if he were elected to the White House.
“The Kennedy administration will begin to back the US dollar with real finite assets such as gold, silver, platinum and Bitcoin, which is the world’s hardest liquid asset to strengthen the US dollar and guarantee its continued success as a world reserve currency.”
According to Kennedy, Bitcoin is a solution to currency debasement and money printing.
“Between 2008-22, the Fed partnered with a handful of big banks to print $10 trillion — ten centuries of wealth in 15 years — a bonanza for the banksters.
Cryptocurrencies like Bitcoin give the public an escape route from the splatter zone when this bubble invariably bursts. So the White House is colluding with the banksters to keep us all trapped in the bubble of profiteering and control.”
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