US to Publish Official Statistics on the Blockchain – Why It
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Department of Commerce
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Hassan Shittu
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Hassan Shittu
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Hassan, a Cryptonews.com journalist with 6+ years of experience in Web3 journalism, brings deep knowledge across Crypto, Web3 Gaming, NFTs, and Play-to-Earn sectors. His work has appeared in...
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The United States government is preparing to publish official economic statistics, including GDP data, on the blockchain in what could become one of the largest adoptions of decentralized technology by a federal agency.
Commerce Secretary Howard Lutnick announced the plan during a White House Cabinet meeting on Tuesday, telling President Donald Trump:
“The Department of Commerce is going to start issuing its statistics on the blockchain because you are the crypto president. And we are going to put out GDP on the blockchain so people can use the blockchain for data distribution.”
On-Chain GDP Reporting Could Reshape Global Market Transparency.
According to Lutnick, the Department of Commerce is “ironing out all the details” but expects to expand the blockchain publishing model across other government agencies once the system is in place.
The initiative is designed to enhance transparency, prevent data tampering, and modernize how official statistics are shared with the public, investors, and analysts.
The move comes in the wake of the Deploying American Blockchains Act of 2025 (H.R. 1664), which passed the House of Representatives in June with bipartisan support and is currently under Senate review.
The bill directs the Department of Commerce to serve as the federal government’s lead agency for blockchain policy, advising the president, setting technical standards, and creating a national strategy for the deployment of blockchain and distributed ledger technologies.
The Commerce Department’s decision to put GDP data on-chain marks a tangible first step toward fulfilling that mandate. For the first time, U.S. agencies will not only regulate blockchain but also actively use it to distribute public data.
Advocates say the system could reduce opportunities for manipulation, improve efficiency in government reporting, and set a precedent for other countries to follow.
The timing reflects a broader push within the Trump administration to integrate blockchain into government operations. A January 2025 executive order directed federal agencies to accelerate digital asset innovation and develop favorable regulatory frameworks.
Lutnick’s announcement also builds on earlier, unfinished work from Elon Musk’s D.O.G.E. department, which had experimented with publishing government spending data on-chain before the project was abandoned.
Several agencies, including the Treasury Department, the Fiscal Service, and the Department of Defense, are reportedly exploring similar applications. These range from tracking government spending to monitoring parts and supply chains in defense procurement.
By extending blockchain’s immutable ledger to official statistics, the government seeks to ensure public trust in data that shapes everything from market forecasts to fiscal policy.
The initiative has major implications for financial markets. Official GDP releases are among the most closely watched indicators for investors worldwide. Publishing such data on the blockchain would allow instant, tamper-proof access to figures that influence global capital...
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