The United States Department of Commerce has initiated a groundbreaking approach to enhance transparency and fortify data security by directly publishing official economic figures on various public blockchains.
The pilot program, which was unveiled on August 28th, encompasses nine distinct blockchain networks, including prominent names such as Bitcoin, Ethereum, Solana, TRON, Stellar, Avalanche, Arbitrum One, Polygon PoS, and Optimism.
According to the official announcement:
“The Department has officially published a cryptographic hash of its quarterly GDP data for the year 2025, and in certain instances, the topline GDP figure as well.”
It’s worth noting that some other leading blockchain platforms, such as XRP Ledger and Cardano, were not part of this initial phase of the initiative.
Government representatives highlighted that major U.S. cryptocurrency exchanges like Coinbase, Gemini, and Kraken played a supportive role in facilitating access to these datasets.
The administration also stated that as the program evolves, future releases could potentially expand to incorporate additional blockchain networks, data oracles, and key players in the market.
US GDP Saw 3.3% Expansion
For the inaugural release, the Commerce Department provided cryptographic verification of its July 2025 update concerning the Gross Domestic Product (GDP), revealing an annualized growth rate of 3.3%. In some instances, the department also openly shared the headline GDP number.
The U.S. government explained that this endeavor aims to ensure the immutability and universal accessibility of federal data, while simultaneously evaluating the viability of blockchain technology as a long-term publishing platform.
Commerce Secretary Howard Lutnick described the undertaking as both a symbolic gesture and a practical advancement, adding:
“It is only logical that the Commerce Department and President Donald Trump, the self-proclaimed ‘Crypto-President’, make economic statistical data available publicly using blockchain technology. This step ensures that America’s economic data remains immutable and accessible globally, solidifying our position as a global blockchain hub.”
This announcement occurred just two days after Lutnick disclosed the Trump administration’s intentions to publish economic information on public blockchain networks.
Data Distribution via Oracle Providers
Concurrently, the economic data is also being distributed through leading oracle providers Chainlink and Pyth.
Chainlink verified that a range of economic indicators, including GDP, the PCE Price Index, and real final sales to private domestic purchasers as compiled by the Bureau of Economic Analysis, are now accessible on-chain for the first time.
The company also stated that these metrics will be updated on a monthly or quarterly basis. They added that:
“Providing U.S. government data on-chain unlocks groundbreaking possibilities for blockchain-based markets, such as algorithm-driven trading strategies, greater interoperability of tokenized assets, creation of new digital asset types, real-time prediction markets for collective intelligence, transparent dashboards driven by immutable data, and enhanced DeFi protocol risk management through macroeconomic factors.”
Pyth, based on the Solana blockchain, added that “the data will now be instantly accessible to over 600 connected applications spanning across more than 100 different blockchains.”