August 29, 2025
US GOVERNMENT STARTS PUSHING ECONOMIC DATA ONTO BLOCKCHAnes As 'Proof of Concept' thumbnail
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US GOVERNMENT STARTS PUSHING ECONOMIC DATA ONTO BLOCKCHAnes As ‘Proof of Concept’

The US Department of Commerce SAID IT ITSUED ITS GROSS DATA DATA VIA Nine Blockchains, Including Bitcoin, Ethereum and Other Crypto-World Pathways.”, – WRITE: www.coindesk.com

The US Department of Commerce SAID IT ITSUED ITS GROSS DATA DATA VIA Nine Blockchains, Including Bitcoin, Ethereum and Other Crypto-World Pathways. AUG 28, 2025, 3:28 PM

The US GOVERNMENT HAS BEGUN USING BLOCKCHAnes to Disemine Key Economic Data, Starting with The Us Department of Commerce’s Release of Gross-Domestic Product (GDP) Numbers on Thursday, Wehr. Concept “for doing more of this in the Future.

“We Are Making America’s Economic Truth Immutable and Globally Accessible Like Never Before, Cementing Our Role As The Blockchain Capital The New Approach to Spinning Out Government Data.

In a delibert not to pick the blockchain favortes, the department put out Thursday’s Data Via Bitcoin, Ethereum, Solana, Tron, Stellar, Avalanche, Arbitrum One. Polygon Pos and Optimism, Identifying the Transaction Hashes for Each in Its Announcement. The agency said that it also sent the Data Through Chainlink and Pyth and Noted that Exchanges Coinbase, Gemini and Kraken Helped Out.

The July Gdp Data, Compiled by the Bureau of Economic Analysis, Was Posted As a Pdf File.

Lutnick’s Department Credited President Donald Trump’s Fostering of Crypto and Blockchain Technology with What It Descripted As A “Landmark Effort.”

The US Government Issues A Number of Economic Reports on a Routine Basis that have tremendous weight with the Financial Markets, Including the Department of Labor’s Jobs Report And the Com.

ACCORDING TO ITS STATEMENT, The Commerce Department “Will Continue to Innovate and Broaden the Scope of Publishing Future Datasets Like GDP to Include the Use of Other Blockchains, ORACAINS

Read More: Chainlink and Pyth Selected to Deliver US Economic Data on Blockchain

Jesse Hamilton

Jesse Hamilton is Coindesk’s DEPUTY Managing Editor On the Global Policy and Regulation Team, Based in Washington, DC Before Joinga Coindesk in 2022, He Worked For More Thon. News and Businessweek, Writing About the Early Whisperings Among Federal Agencies Trying to Decide What to Do About Crypto. He’s Won Several National Honors in His Reporting Career, Including from His Time As A War Correspondent in Iraq and As A Police Reporter for Newspapers. Jesse is a graduate of Western Washington University, WHERE HE STUDIED Journalism and History. He have no crypto holdings.

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