What statistics does Wayne T. Richards use to argue for blockchain in government?

Wayne points to transparency gaps and financial “glitches” in current systems rather than quoting a bunch of traditional stats in that short clip.

In this piece, Wayne argues that:

1. If the treasury were on a public ledger, the “infinite money glitch” tied to expired contracts and mismanagement could not quietly continue
2. Blockchain’s value in government is its real-time, tamper‑evident transparency, which would expose misuse of funds

Would you like a breakdown of how a public blockchain ledger could work for government budgets step by step?