US Government Publishes GDP Data On Nine Blockchains

The U.S. government, under President Donald Trump's administration, has initiated a historic move to publish official economic data, including GDP figures, on multiple blockchain platforms to enhance transparency and innovation. Commerce Secretary Howard Lutnick announced plans to distribute such data on blockchains like Bitcoin, Ethereum, and Solana, with support from exchanges Coinbase and Gemini, realizing the president's vision of making the U.S. a cryptocurrency hub. While this initiative has been praised by crypto leaders such as Senator Cynthia Lummis and Tyler Winklevoss for advancing America's leadership in digital innovation, some experts have questioned the technical feasibility and clarity of the plan. The government aims to expand blockchain data publication to other economic indicators, facilitated by oracle networks like Chainlink and Pyth. Lutnick emphasized making economic data immutable and globally accessible, although critics note the lack of detailed implementation and potential challenges inherent in blockchain use for such data. This move aligns with the Trump administration's broader push to integrate distributed ledger technologies within government functions despite mixed reactions within the economic and technological communities.