As U.S. Secretary of Commerce Howard Luttonick recently said it will release GDP data on the blockchain, the US government has taken important steps towards the distribution of macroeconomic data through the blockchain.
The US Department of Commerce has launched a rapid attack on this, and today announced that macroeconomic data will be transferred to many blockchain networks via Oracle Providers Chainlink and Pyth.
In a blog post, ChainLink said that data will be updated monthly or quarterly.
The US Department of Commerce said in a press release that data will be distributed via Bitcoin (BTC), Ethereum (ETH), Solana (SOL), Tron (TRX), Stellar (XLM), avaranche (Avax), Arbitrum (ARB), Polygon (Pol) and Optipism (OP).
According to the statement, GDP, Personal Consumption Expense Index (PCE), and US domestic demand strength data will be firmly transferred to the blockchain using ChainLink and Pyth Oracles.
The ministry also added that it received support from the exchange of Coinbase, Kraken and Gemini in the distribution of data.
The Ministry of Commerce today announced that it will begin publishing actual GDP data on blockchain, starting with data starting in July 2025.
At this point, the ministry has published an official summary of 2025 quarter GDP data on the following nine blockchains: Bitcoin, Ethereum, Solana, Tron, Stars, Avalanches, arbitrum 1, Polygon POS, and Optimism.
Additionally, coordination with Oracles Pyth and ChainLink has allowed the data to spread even more.
Coinbase, Gemini, and Kraken Exchanges have facilitated the publication of the ministry. ”
The Commerce Department recently said it will continue to expand and innovate data like GDP to include other blockchains, Oracle networks and exchanges of the future.
*This is not investment advice.
