The US authorities has taken important steps towards distributing macroeconomic knowledge by way of blockchain, as US Commerce Secretary Howard Lutnick just lately acknowledged that they might publish US GDP knowledge on the blockchain.
The US Division of Commerce launched a swift assault on this, saying as we speak that macroeconomic knowledge can be transferred to many blockchain networks by way of oracle suppliers Chainlink and Pyth.
Chainlink acknowledged in its weblog publish that the information can be up to date month-to-month or quarterly.
The US Division of Commerce acknowledged in a press launch that the information can be distributed by way of Bitcoin (BTC), Ethereum (ETH), Solana (SOL), Tron (TRX), Stellar (XLM), Avalanche (AVAX), Arbitrum (ARB), Polygon (POL), and Optimism (OP).
In line with the assertion, GDP, Private Consumption Expenditure Index (PCE), and US Home Demand Power knowledge can be securely transferred onto the blockchain utilizing Chainlink and Pyth oracles.
The ministry additionally added that it acquired help from Coinbase, Kraken, and Gemini exchanges in distributing the information.
The Commerce Division introduced as we speak that it’ll start publishing actual gross home product (GDP) knowledge on blockchain, beginning with knowledge from July 2025.
At this level, the ministry has revealed an official abstract of quarterly GDP knowledge for 2025 on the next 9 blockchains: Bitcoin, Ethereum, Solana, TRON, Stellar, Avalanche, Arbitrum One, Polygon PoS, and Optimism.
Knowledge was additionally additional disseminated by way of coordination with oracles Pyth and Chainlink.
Coinbase, Gemini, and Kraken exchanges facilitated the Ministry’s publication.”
The Division of Commerce just lately acknowledged that it’ll proceed to broaden and innovate knowledge like GDP to incorporate different blockchains, oracle networks, and exchanges sooner or later.
*This isn’t funding recommendation.
