4 hours ago
Commerce Secretary Howard Lutnick announced the Department of Commerce volition statesman issuing GDP and different economical statistic connected blockchain during a White House furniture meeting connected Aug. 26.
Positioning the exertion arsenic a government-wide information organisation tool, Lutnick told President Donald Trump:
“The Department of Commerce is going to commencement issuing its statistic connected the blockchain, origin you [Trump] are the crypto president, and we are going to enactment the GDP connected the blockchain truthful radical tin usage the blockchain for information distribution.”
Lutnick said the Commerce Department plans to marque blockchain-based statistic “available for the full government” portion moving done implementation details.
The announcement represents the astir salient national blockchain deployment nether the Trump administration’s crypto-friendly policies.
Existing national programs
The Commerce inaugural builds connected existing blockchain pilots across national agencies.
Treasury tested a assistance organisation strategy utilizing blockchain to way drawdowns with automatic reconciliation and audit trails, though it ne'er launched publicly.
The Commodity Futures Trading Commission operates a pilot programme evaluating tokenized collateral and stablecoin-based fiscal transactions successful regulated markets.
At the aforesaid time, the Small Business Administration has evaluated blockchain for monitoring fraud and show metrics successful indebtedness programs, according to Government Accountability Office reports.
The Department of Defense and Homeland Security are exploring the usage of blockchain for parts tracking, proviso concatenation authentication, and integer documentation.
The Navy and the Defense Logistics Agency collaborate with SIMBA Chain to way high-value parts done blockchain ledgers, thereby reducing manual information introduction successful defence proviso chains.
Customs and Border Protection antecedently ran blockchain trials to verify intelligence spot information connected imports and spot counterfeit goods.
Congressional support
The blockchain propulsion aligns with pending legislature legislation. The “Deploying American Blockchains Act of 2025,” sponsored by Rep. Kat Cammack and passed by the House connected June 23, moved to the Senate connected June 24.
The measure directs the Secretary of Commerce to beforehand US competitiveness successful blockchain deployment and applications.
The authorities would found a Commerce Department Blockchain Deployment Program and make advisory committees that see national agencies, backstage assemblage representatives, and blockchain infrastructure operators.
The programme would analyse however national agencies tin payment from distributed ledger exertion portion addressing concerns related to cybersecurity and regulatory compliance.
The Commerce Department’s GDP blockchain inaugural represents the latest national committedness to distributed ledger exertion for halfway authorities functions.
The station Commerce Secretary Lutnick announces plans to contented US GDP statistic connected blockchain appeared archetypal connected CryptoSlate.
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