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CZ: "Governments Worldwide Should Enhance Public Spending Transparency with Blockchain"

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YM Lee
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  • Changpeng Zhao, the founder of Binance, stated that public spending should be tracked through blockchain.
  • Blockchain, as an immutable public ledger, can enhance the transparency of public spending.
  • He expressed his agreement with the proposal reportedly made by Elon Musk and the Department of Government Efficiency (DOGE).
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  • The article was summarized using an artificial intelligence-based language model.
  • Due to the nature of the technology, key content in the text may be excluded or different from the facts.

Changpeng Zhao, the founder of Binance, expressed his agreement with the 'blockchain-based government spending tracking infrastructure' reportedly proposed by Elon Musk and the Department of Government Efficiency (DOGE).

According to a report by Cointelegraph on the 26th (local time), Changpeng Zhao stated on his X (Twitter) that "all governments should track spending through blockchain. Blockchain, as an immutable public ledger, can enhance the transparency of 'public spending'."

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