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Crypto Prune > News > Crypto > Ethereum > America will make GDP data unchanged by publishing its Bitcoin, Ethereum and Solana
Ethereum

America will make GDP data unchanged by publishing its Bitcoin, Ethereum and Solana

6 months ago 3 Min Read

The US Department of Commerce has begun to publish official economic statistics on public blockchains directly, describing this as a new approach to transparency and data security.

The pilot program, which began on August 28th, includes nine networks. include Bitcoin, Ethereum, Solana, Tron, Stars, Avalanches, arbitrum 1, Polygon POS, and Optimism.

The announcement has been confirmed,

“The division has released the official hash of its quarterly GDP data release for 2025.

In particular, other major blockchain networks such as XRP ledgers and Cardano did not participate. First rollout.

Officials noted that they have helped major US exchanges, including Coinbase, Gemini and Kraken, to make the dataset available.

The government added that as the program matures, future releases can expand to additional chains, Oracles and market participants.

US GDP grew by 3.3%

In the first release, the division issued encrypted evidence for the July 2025 Gross Domestic Product (GDP) update. In some cases, the department also shared the topline GDP number itself.

The US government says the effort is designed to make federal data immutable and universally accessible, while testing the ability of blockchains to act as a permanent publishing platform.

Commerce Secretary Howard Lutnick framed the initiative as both symbolic and practical. He said:

“It is appropriate for the crypto president, commerce division and President Donald Trump to make economic statistics publicly available on blockchain. We are making the economic truths of America more accessible than ever before and solidifying its role as the global blockchain capital.”

In particular, this comes within two days when Lutnick revealed that the Donald Trump-led government is planning to issue economic data on public blockchains.

See also  Ethereum Foundation brings together 47 experts for new privacy initiative

Oracle providers that distribute data

Meanwhile, data is distributed simultaneously through two major Oracle providers: ChainLink and Pyth.

ChainLink has confirmed that several indicators compiled by the Bureau of Economic Analysis, including GDP, PCE Price Index, are now available on-chain for the first time, for actual final sales to private domestic buyers.

According to the company, these metrics are updated monthly or quarterly. addition:

“Onchain, which provides US government data, unlocks innovative use cases in the automated trading strategy, enhanced complexity of tokenized assets, issuing new types of digital assets, the busy intelligence real-time forecast market, issuing transparent dashboards with immobilized data, and real-time forecast market for magical factors-based Defi protocol risk management.

Solana-based Pyth added, “Data will be readily accessible to over 600 connected applications across more than 100 blockchains.”

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