U.S. Publishes GDP Data on Blockchain Networks
- The U.S. launches GDP data on blockchains, enhancing transparency.
- Leading crypto exchanges support launch efforts.
- Impacts notable crypto tokens and blockchain activity.
The U.S. Department of Commerce started publishing GDP data on nine major blockchains in July 2025, under Secretary Howard Lutnick’s leadership, marking a federal first.
Demonstrating blockchain transparency in government, this initiative creates market enthusiasm and enhanced blockchain involvement, evidenced by an increase in Chainlink’s LINK token value.
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The U.S. Department of Commerce has started publishing GDP data directly on major blockchains from July 2025. Specific government economic statistics are now available through this technology.
U.S. Commerce Secretary Howard Lutnick spearheaded this initiative with collaboration from Coinbase, Gemini, Kraken exchanges. This marks a significant step in federal data distribution practices. Lutnick remarked, “We’re going to make that available to the entire government so all of you can do it.”
This move involves nine leading blockchains including Bitcoin, Ethereum, and Solana. Chainlink oracles and Pyth Network are used for data feed anchoring, boosting involvement in the crypto industry. Sergey Nazarov, Co-Founder of Chainlink, shared his enthusiasm, stating, “This collaboration marks a key milestone in government adoption of blockchain technology.”
Chainlink’s LINK token increased by over 6% post-announcement, reflecting positive market sentiment. Industry leaders believe this opens pathways for broader adoption of blockchain in the public sector. For more insights, refer to the U.S. Launches GDP Data on Blockchain for Enhanced Transparency.
The initiative is seen as a proof-of-concept for future government blockchain projects. Previous blockchain data attempts lacked official launch, indicating this as a pioneering effort.
Analysts expect this project to enhance governmental transparency and cross-chain technological collaboration. Historical trends indicate increased trust in decentralized data solutions following government adoption efforts.
