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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

    Finance Insider TodayBy Finance Insider TodayAugust 28, 2025No Comments3 Mins Read
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    The US Division of Commerce has begun publishing official financial statistics instantly on public blockchains, describing this as a brand new strategy to transparency and information safety.

    The pilot program launched on Aug. 28 consists of 9 networks, together with Bitcoin, Ethereum, Solana, TRON, Stellar, Avalanche, Arbitrum One, Polygon PoS, and Optimism.

    The announcement confirmed,

    “The Division revealed an official hash of its quarterly GDP information launch for 2025—and, in some instances, the topline GDP quantity.”

    Notably, different main blockchain networks like XRP Ledger and Cardano didn’t take part in the preliminary rollout.

    The authorities identified that main US exchanges, together with Coinbase, Gemini, and Kraken, assisted in making the datasets out there.

    The federal government added that future releases may develop to extra chains, oracles, and market members as this system matures.

    US GDP grew 3.3%

    For the primary launch, the division issued a cryptographic proof of its July 2025 gross home product (GDP) replace, which confirmed annualized development of three.3%. In some instances, the division additionally shared the topline GDP quantity itself.

    The US authorities stated the hassle is designed to make federal information immutable and universally accessible, whereas testing blockchain’s capacity to function a everlasting publishing platform.

    Nemo

    Commerce Secretary Howard Lutnick framed the initiative as each symbolic and sensible. He acknowledged:

    “It’s solely becoming that the Commerce Division and President Donald Trump, the Crypto-President, publicly launch financial statistical information on the blockchain. We’re making America’s financial fact immutable and globally accessible like by no means earlier than, cementing our function because the blockchain capital of the world.”

    Notably, this comes lower than two days after Lutnick revealed that the Donald Trump-led government planned to subject financial information on public blockchains.

    Oracle suppliers to distribute information

    In the meantime, the information is concurrently being distributed by means of Chainlink and Pyth, two main oracle suppliers.

    Chainlink confirmed that a number of indicators compiled by the Bureau of Financial Evaluation—together with GDP, the PCE Value Index, and actual last gross sales to non-public home purchasers—at the moment are out there on-chain for the primary time.

    In keeping with the agency, these metrics shall be refreshed month-to-month or quarterly. It added:

    “Bringing US authorities information onchain unlocks revolutionary use instances for blockchain markets, corresponding to automated buying and selling methods, elevated composability of tokenized property, the issuance of recent forms of digital property, real-time prediction markets for crowdsourced intelligence, clear dashboards powered by immutable information, and DeFi protocol danger administration based mostly on macroeconomic elements.”

    Solana-based Pyth added that “the information [would become] immediately accessible to 600+ related functions throughout 100+ blockchains.”

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