3 hours ago
The US Department of Commerce has begun publishing authoritative economical statistic straight connected nationalist blockchains, describing this arsenic a caller attack to transparency and information security.
The aviator programme launched connected Aug. 28 includes 9 networks, including Bitcoin, Ethereum, Solana, TRON, Stellar, Avalanche, Arbitrum One, Polygon PoS, and Optimism.
The announcement confirmed,
“The Department published an authoritative hash of its quarterly GDP information merchandise for 2025—and, successful immoderate cases, the topline GDP number.”
Notably, different starring blockchain networks similar XRP Ledger and Cardano did not enactment in the archetypal rollout.
The authorities pointed retired that large US exchanges, including Coinbase, Gemini, and Kraken, assisted successful making the datasets available.
The authorities added that aboriginal releases could grow to further chains, oracles, and marketplace participants arsenic the programme matures.
US GDP grew 3.3%
For the archetypal release, the section issued a cryptographic impervious of its July 2025 gross home merchandise (GDP) update, which showed annualized maturation of 3.3%. In immoderate cases, the section besides shared the topline GDP fig itself.
The US authorities said the effort is designed to marque national information immutable and universally accessible, portion investigating blockchain’s quality to service arsenic a imperishable publishing platform.
Commerce Secretary Howard Lutnick framed the inaugural arsenic some symbolic and practical. He stated:
“It’s lone fitting that the Commerce Department and President Donald Trump, the Crypto-President, publically merchandise economical statistical information connected the blockchain. We are making America’s economical information immutable and globally accessible similar ne'er before, cementing our relation arsenic the blockchain superior of the world.”
Notably, this comes little than 2 days aft Lutnick revealed that the Donald Trump-led authorities planned to contented economical information connected nationalist blockchains.
Oracle providers to administer data
Meanwhile, the information is simultaneously being distributed done Chainlink and Pyth, 2 large oracle providers.
Chainlink confirmed that respective indicators compiled by the Bureau of Economic Analysis—including GDP, the PCE Price Index, and existent last income to backstage home purchasers—are present disposable on-chain for the archetypal time.
According to the firm, these metrics volition beryllium refreshed monthly oregon quarterly. It added:
“Bringing US authorities information onchain unlocks innovative usage cases for blockchain markets, specified arsenic automated trading strategies, accrued composability of tokenized assets, the issuance of caller types of integer assets, real-time prediction markets for crowdsourced intelligence, transparent dashboards powered by immutable data, and DeFi protocol hazard absorption based connected macroeconomic factors.”
Solana-based Pyth added that “the information [would become] instantly accessible to 600+ connected applications crossed 100+ blockchains.”
The station America makes GDP information immutable by publishing it connected Bitcoin, Ethereum and Solana appeared archetypal connected CryptoSlate.
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