- The U.S. Commerce Department is distributing GDP data across nine public blockchains, including Bitcoin and Ethereum.
- Oracle providers Chainlink and Pyth Network are facilitating secure on-chain data feeds.
- This initiative marks a milestone in government adoption of blockchain for tamper-proof economic reporting.
The U.S. Department of Commerce announced on August 28, 2025, that it has begun publishing gross domestic product (GDP) data from the Bureau of Economic Analysis on nine major public blockchains. This move is part of a proof-of-concept aimed at exploring blockchain’s role in enhancing data transparency and verifiability.
Key blockchains involved include Bitcoin, Ethereum, Solana, Tron, Near, Polygon, Avalanche, Aptos, and Cronos. The data is not replacing traditional reporting methods but serves as a complementary, immutable record.
Partnerships with oracle networks Chainlink and Pyth Network enable the secure delivery of this data on-chain, allowing integration into smart contracts and decentralized applications. Chainlink aggregates data from multiple sources to ensure accuracy, while Pyth provides low-latency feeds.
Cryptocurrency exchange Kraken was selected as a partner to facilitate the distribution. According to Kraken’s blog, “The initiative… marks a milestone in the use of blockchain technology for official government data dissemination.”
This development aligns with broader efforts under the Trump administration to embrace cryptocurrency and blockchain technologies. It could set a precedent for other government agencies to utilize distributed ledger technology for public data.
On X, Block News International highlighted the announcement, noting the involvement of Chainlink and Pyth in verifying and disseminating the metrics. The post underscores the potential for greater trust in economic indicators through blockchain.
Potential risks include reliance on oracle networks, which, while decentralized, could face challenges in data sourcing. Experts suggest monitoring for any discrepancies between on-chain and official releases.
The Commerce Department plans to expand this to other economic indicators like the PCE Price Index if the pilot succeeds. This could benefit DeFi protocols by providing reliable, real-time government data feeds.
Overall, this step represents a cautious but significant embrace of blockchain by U.S. regulators, potentially reducing manipulation risks in economic reporting.
Disclaimer: This article is for informational purposes only and does not constitute advice of any kind. Readers should conduct their own research before making any decisions.
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