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Home»Ethereum»America makes GDP data immutable by publishing it on Bitcoin, Ethereum and Solana
Ethereum

America makes GDP data immutable by publishing it on Bitcoin, Ethereum and Solana

August 28, 2025No Comments
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The American Ministry of Commerce began to publish official economic statistics directly on public blockchains, describing this as a new approach to transparency and data security.

The pilot program launched on August 28 includes nine networks, including Bitcoin, Ethereum, Solana, Tron, Stellar, Avalanche, Arbitrum One, Polygon POS and Optimism.

The announcement confirmed,

“The ministry has published an official hatching of its quarterly version of GDP data for 2025 – and, in some cases, the topline GDP number.”

In particular, other main blockchain networks such as XRP Ledger and Cardano did not participate in initial deployment.

The authorities stressed that the major American exchanges, including Coinbase, Gemini and Kraken, helped make the data sets available.

The government has added that future versions could extend to additional channels, oracles and market players as the program matures.

American GDP increased by 3.3%

For the first version, the ministry published cryptographic evidence of its gross domestic product (GDP) update in July 2025, which showed annualized growth of 3.3%. In some cases, the ministry also shared the GDP number of the high line.

The US government has said that the effort is designed to make federal data immutable and universally accessible, while testing the blockchain’s ability to serve as a permanent publication platform.

NemoNemo

The commercial secretary, Howard Lungick, supervised the initiative that is both symbolic and practical. He said:

“It is quite appropriate that the Commerce Department and President Donald Trump, the cryptocurrency, publicly discloses economic statistical data on blockchain. We make the American economic truth immutable and accessible on a global scale like never before, cement of our role as the world capital of blockchain. ”

In particular, this occurs less than two days after Lutnick revealed that the government led by Donald Trump planned to issue economic data on public blockchains.

Oracle Providers to distribute data

Meanwhile, the data is simultaneously distributed via ChainLink and Pyth, two main suppliers of Oracle.

ChainLink has confirmed that several indicators compiled by the Bureau of Economic Analysis – including the GDP, the PCE price index and actual final sales to private national buyers – are now available in chain for the first time.

Depending on the company, these measures will be refreshed monthly or quarterly. He added:

“The contribution of American government data on ONCHAIN ​​is unlocking innovative use cases for blockchain markets, such as automated trading strategies, increased component of token assets, the delivery of new types of digital assets, real -time prediction markets for Crowdsourca intelligence, transparent edge tables fueled by data immutable and risk management of DEFI protocol based on macroeconomic factors. ” ».

Pyth, based in Solana, added that “the data (will become) instantly accessible to more than 600 connected applications on more than 100 blockchains”.

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