The US government has taken significant steps toward distributing macroeconomic data via blockchain, as US Commerce Secretary Howard Lutnick recently stated that they would publish US GDP data on the blockchain.
The US Department of Commerce launched a swift attack on this, announcing today that macroeconomic data will be transferred to many blockchain networks via oracle providers Chainlink and Pyth.
Chainlink stated in its blog post that the data will be updated monthly or quarterly.
The US Department of Commerce stated in a press release that the data will be distributed through Bitcoin (BTC), Ethereum (ETH), Solana (SOL), Tron (TRX), Stellar (XLM), Avalanche (AVAX), Arbitrum (ARB), Polygon (POL), and Optimism (OP).
According to the statement, GDP, Personal Consumption Expenditure Index (PCE), and US Domestic Demand Strength data will be securely transferred onto the blockchain using Chainlink and Pyth oracles.
The ministry also added that it received assistance from Coinbase, Kraken, and Gemini exchanges in distributing the data.
The Commerce Department announced today that it will begin publishing real gross domestic product (GDP) data on blockchain, starting with data from July 2025.
At this point, the ministry has published an official summary of quarterly GDP data for 2025 on the following nine blockchains: Bitcoin, Ethereum, Solana, TRON, Stellar, Avalanche, Arbitrum One, Polygon PoS, and Optimism.
Data was also further disseminated through coordination with oracles Pyth and Chainlink.
Coinbase, Gemini, and Kraken exchanges facilitated the Ministry’s publication.”
The Department of Commerce recently stated that it will continue to expand and innovate data like GDP to include other blockchains, oracle networks, and exchanges in the future.
*This is not investment advice.
Source: https://en.bitcoinsistemi.com/the-us-department-of-commerce-announces-bitcoin-btc-ethereum-eth-and-7-altcoin-networks-selected-for-economic-data/