The US Division of Commerce has begun publishing official financial statistics instantly on public blockchains, describing this as a brand new method to transparency and knowledge safety.
The pilot program launched on Aug. 28 consists of 9 networks, together with Bitcoin, Ethereum, Solana, TRON, Stellar, Avalanche, Arbitrum One, Polygon PoS, and Optimism.
The announcement confirmed,
“The Division revealed an official hash of its quarterly GDP knowledge launch for 2025—and, in some instances, the topline GDP quantity.”
Notably, different main blockchain networks like XRP Ledger and Cardano didn’t take part in the preliminary rollout.
The authorities identified that main US exchanges, together with Coinbase, Gemini, and Kraken, assisted in making the datasets out there.
The federal government added that future releases may broaden to extra chains, oracles, and market contributors as this system matures.
US GDP grew 3.3%
For the primary launch, the division issued a cryptographic proof of its July 2025 gross home product (GDP) replace, which confirmed annualized development of three.3%. In some instances, the division additionally shared the topline GDP quantity itself.
The US authorities stated the hassle is designed to make federal knowledge immutable and universally accessible, whereas testing blockchain’s capability to function a everlasting publishing platform.
Commerce Secretary Howard Lutnick framed the initiative as each symbolic and sensible. He said:
“It’s solely becoming that the Commerce Division and President Donald Trump, the Crypto-President, publicly launch financial statistical knowledge on the blockchain. We’re making America’s financial reality immutable and globally accessible like by no means earlier than, cementing our function because the blockchain capital of the world.”
Notably, this comes lower than two days after Lutnick revealed that the Donald Trump-led authorities deliberate to concern financial knowledge on public blockchains.
Oracle suppliers to distribute knowledge
In the meantime, the information is concurrently being distributed by means of Chainlink and Pyth, two main oracle suppliers.
Chainlink confirmed that a number of indicators compiled by the Bureau of Financial Evaluation—together with GDP, the PCE Value Index, and actual closing gross sales to non-public home purchasers—at the moment are out there on-chain for the primary time.
In line with the agency, these metrics might be refreshed month-to-month or quarterly. It added:
“Bringing US authorities knowledge onchain unlocks progressive use instances for blockchain markets, equivalent to automated buying and selling methods, elevated composability of tokenized property, the issuance of latest varieties of digital property, real-time prediction markets for crowdsourced intelligence, clear dashboards powered by immutable knowledge, and DeFi protocol danger administration based mostly on macroeconomic components.”
Solana-based Pyth added that “the information [would become] immediately accessible to 600+ related functions throughout 100+ blockchains.”
Talked about on this article
