The U.S. government has initiated a pilot program to distribute major economic indicators using blockchain technology, starting with the Department of Commerce’s release of the latest gross domestic product (GDP) figures. This effort, described as a “proof of concept,” aims to explore how decentralized networks can enhance the transparency and accessibility of official data.\n\nThe Commerce Secretary, Howard Lutnick, stated that the move ensures the integrity of America’s economic reporting by making it tamper-resistant and available worldwide. He emphasized the administration’s commitment to positioning the U.S. as a global leader in blockchain innovation.\n\nTo maintain neutrality among different platforms, the GDP data was simultaneously published across several blockchains, including Bitcoin, Ethereum, Solana, TRON, Stellar, Avalanche, Arbitrum One, Polygon PoS, and Optimism. The department shared the transaction identifiers for each network. Additional support came from oracle systems Chainlink and Pyth, with collaboration from major exchanges such as Coinbase, Gemini, and Kraken.\n\nThe data, originally compiled by the Bureau of Economic Analysis, was embedded into a PDF and recorded on-chain. Officials noted that this trial reflects broader ambitions to integrate distributed ledger technology into public data dissemination.\n\nThe initiative credits former President Donald Trump’s early support for cryptocurrency and blockchain development as a foundational influence on current advancements.\n\nThe U.S. regularly publishes influential economic reports—such as the monthly jobs report and the consumer price index—that significantly impact financial markets. The Commerce Department indicated it plans to expand this blockchain-based publishing model to additional datasets in the future, potentially incorporating more networks, oracle services, and exchange partnerships.\n— news from CoinDesk\n\n— News Original —\nU.S. Government Starts Pushing Economic Data Onto Blockchains as ‘Proof of Concept’\nThe U.S. government has begun using blockchains to disseminate key economic data, starting with the U.S. Department of Commerce ‘s release of gross-domestic product (GDP) numbers on Thursday, which was described as a “proof of concept” for doing more of this in the future. \n\n”We are making America’s economic truth immutable and globally accessible like never before, cementing our role as the blockchain capital of the world,” said Secretary of Commerce Howard Lutnick, in a statement that announced the new approach to spinning out government data. \n\nIn a deliberate effort not to pick blockchain favorites, the department put out Thursday ‘s data via Bitcoin, Ethereum, Solana, TRON, Stellar, Avalanche, Arbitrum One. Polygon PoS and Optimism, identifying the transaction hashes for each in its announcement. The agency said that it also sent the data through Chainlink and Pyth and noted that exchanges Coinbase, Gemini and Kraken helped out. \n\nThe July GDP data, compiled by the Bureau of Economic Analysis, was posted as a PDF file. \n\nLutnick ‘s department credited President Donald Trump ‘s fostering of crypto and blockchain technology with what it described as a “landmark effort.” \n\nThe U.S. government issues a number of economic reports on a routine basis that have tremendous weight with the financial markets, including the Department of Labor ‘s jobs report and the consumer price index. \n\nAccording to its statement, the Commerce Department “will continue to innovate and broaden the scope of publishing future datasets like GDP to include the use of other blockchains, oracles, and exchanges.”
