US EditionU.S. Government to Release Statistics and Data on The Blockchain
The initiative aims to reduce information gaps by providing real-time, immutable GDP data on blockchain, enhancing transparency for government agencies and the public, officials said.
- U.S. Commerce Secretary Howard Lutnick announced the Department of Commerce will publish GDP statistics on a blockchain, initiating a modern data distribution effort.
- Aligned with the administration's pro-crypto agenda, the decision builds on Howard Lutnick's advocacy and Elon Musk's earlier recommendation to integrate blockchain technology.
- The Commerce Department provided few technical or timing specifics and said the program is being coordinated with White House top crypto adviser David Sacks; officials say on-chain publishing adds immutability, while independent experts warn blockchain cannot guarantee input accuracy.
- Other federal agencies may adopt similar on-chain reporting, with the Commerce plan potentially serving as a template and influencing the Securities and Exchange Commission and Commodity Futures Trading Commission.
- Global precedents such as Estonia's Guardtime e-health system and California Department of Motor Vehicles' 42 million car titles on Avalanche illustrate practical uses, and U.S. federal economic reporting aims to create a shared, verifiable platform to rebuild trust, officials said.
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U.S. Commerce Department Will Put GDP Data on Blockchain
U.S. Commerce Secretary Howard Lutnick said the government department plans to publish official economic data, starting with Gross Domestic Product (GDP) figures, on the blockchain. Lutnick shared his plans with President Donald Trump in a Tuesday White House cabinet meeting, saying “cause you [Trump] are the crypto president, and we are going to put the GDP on the blockchain so people can use the blockchain for data distribution.” The Commerce …
US Commerce Department to Utilize Blockchain for Economic Indicators - Real News Now
The US Commerce Department has announced plans to utilize blockchain technology in its publication and dissemination of some pivotal economic indicators, including the official GDP stats. In a cabinet meeting held at the White House, Howard Lutnick, Secretary of Commerce, revealed this groundbreaking initiative. The strategy will see his department publish GDP statistics on the blockchain, enabling easier access and distribution of this essentia…
The U.S. Department of Commerce will begin issuing economic statistics on Blockchain, Secretary Howard Lutnick said, without revealing a schedule or naming any networks. *** The U.S. Department of Commerce will begin issuing economic statistics on Blockchain. Secretary Howard Lutnick advanced plans during a meeting with Trump at the White House. He will not be the first country to leverage technology to promote public transparency. Trump support…
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