U.S. GDP Data Now on Blockchain Networks
On August 28, the U.S. Department of Commerce made history by cryptographically signing and publishing its official Q2 2025 GDP figures across nine blockchain networks.
This groundbreaking initiative ensures openness and security for the nation’s economic data. The GDP numbers, including a 3.3% annualized growth rate, are now tamper-proof and globally verifiable. The move leverages Bitcoin, Ethereum, Solana, and various Layer-2 solutions.
Key exchanges like Coinbase,Gemini,and Kraken supported this effort. Oracle networks Pyth and Chainlink also played crucial roles in disseminating the data.
- The Department aims to establish a new standard for data integrity.
- The project showcases blockchain’s potential for government use.
Secretary of Commerce Howard Lutnick highlighted the significance of this step towards U.S. technological leadership. He praised the “Crypto-President,” Donald Trump, for pushing these advancements.
Chainlink expanded its collaboration with the Commerce Department to include more macroeconomic data points. Developers can now build financial products that respond to economic changes in real-time.
This marks a big leap in integrating cryptocurrencies into government operations, promoting accountability and innovation.
