{"content":"#USGDPDataOnChain The U.S. Department of Commerce has announced that it will begin publishing official economic data, including Gross Domestic Product (GDP) figures, directly on public blockchains. This initiative is part of an effort to add a transparent, tamper-resistant layer for data distribution, complementing traditional release channels. Here are the key details of this development: * **Data Published:** The Department of Commerce is publishing an official hash of its quarterly GDP data release for 2025, and in some cases, the topline GDP number itself. The latest release showed a revised annualized GDP growth rate of 3.3% for the second quarter of 2025. * **Blockchain Networks:** The initial rollout includes nine blockchain networks: Bitcoin, Ethereum, Solana, TRON, Stellar, Avalanche, Arbitrum One, Polygon PoS, and Optimism. * **Oracle Providers:** To distribute the data on-chain, the U.S. government is collaborating with major oracle providers, specifically Chainlink and Pyth Network. These services ensure that the data from the Bureau of Economic Analysis (BEA) is securely and verifiably available on the blockchain. * **Purpose:** The initiative is designed to make federal data immutable and globally accessible, demonstrating the use of blockchain technology for official government reporting. It is seen as a way to increase transparency and public confidence in government information systems. * **Political Context:** The move has been framed by Commerce Secretary Howard Lutnick as a strategic effort to position the United States as a leader in blockchain technology. It aligns with the "Deploying American Blockchains Act of 2025" and is part of the current administration's broader push to embrace the crypto industry. * **Assisting Partners:** Major cryptocurrency exchanges like Coinbase, Gemini, and Kraken have assisted in the data release. The on-chain publication of GDP data is considered a significant step forward in the public sector's adoption of decentralized infrastructure, potentially opening up new use cases in DeFi (Decentralized Finance)..","images":[],"tags":[],"tradingPairs":["ARB/USDT"],"quotearticleid":0}