Binance founder Changpeng Zhao (CZ) has advocated for governments to utilize blockchain technology to track public spending. He emphasized that all government expenditures should be recorded on an immutable public ledger, stating, "It's called public spending for a reason." This call for transparency comes amid global debt exceeding $102 trillion, highlighting the necessity for accountability in public finance. Zhao's remarks reflect a growing interest in blockchain as a means to enhance financial transparency and potentially reduce deficits, a concern echoed by various stakeholders including prominent figures in the tech and finance sectors.