The US Department of Commerce has announced that it will publish the second-quarter GDP data to the blockchain.
By: theblockbeats.news|2025/08/28 23:22:24
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BlockBeats News, August 28th, according to an official announcement, the U.S. Department of Commerce today announced that it will begin publishing actual Gross Domestic Product (GDP) data on the blockchain starting in July 2025. Based on revised estimates released by the U.S. Bureau of Economic Analysis, the GDP in July 2025 grew at an annualized rate of 3.3%.
This is the first time a federal agency has published economic statistics on the blockchain in this manner, and it is the latest move by the Department of Commerce to protect federal data using innovative technology and promote public use.
The Department of Commerce has already released the official hash values for the 2025 quarterly GDP data (in some cases including GDP aggregate data) to the following nine blockchains: Bitcoin, Ethereum, Solana, TRON, Stellar, Avalanche, Arbitrum One, Polygon PoS, and Optimism. Additionally, through coordination with Pyth and Chainlink oracles, this data has been further disseminated. The exchange platforms Coinbase, Gemini, and Kraken have assisted in promoting the Department of Commerce's data release. The Department of Commerce will continue to innovate, expanding the scope of future data set (such as GDP) releases, including using more blockchains, oracles, and exchanges.
Through this milestone initiative, the Department of Commerce hopes to demonstrate the broad applicability of blockchain technology, provide a concept validation for the entire government, and continue the historic efforts of the Trump administration to establish the U.S. as a global blockchain hub.
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