The U.S. government has started releasing gross domestic product (GDP) data on public blockchain networks, signaling continued support for cryptocurrency infrastructure from the Trump administration. The initiative, confirmed by officials from the Commerce Department who spoke anonymously to provide further details, does not replace traditional data dissemination channels but introduces an additional method for distributing official economic statistics.
This move aligns with broader efforts during the previous administration to integrate blockchain technology into federal operations, emphasizing transparency and data integrity. By publishing GDP figures on decentralized ledgers, authorities aim to enhance accessibility and reduce the risk of data tampering. The implementation is still in early stages and is being monitored for reliability and public adoption.
— news from Bloomberg.com
— News Original —
US Puts GDP Data on the Blockchain in Trump Crypto Push
The US government on Thursday began distributing gross domestic product data on public blockchains, marking the latest Trump administration endorsement of the crypto industry. n nThe move creates another avenue — not a replacement — for publishing the economic data, according to Commerce Department officials who asked for anonymity to share more details on the step.