Bloomberg: US government begins publishing GDP data on the blockchain

Foresight News reported, citing Bloomberg, that the U.S. government began publishing Gross Domestic Product (GDP) data on public blockchains on Thursday. Initially, this move will cover nine blockchains, including Bitcoin, Ethereum, and Solana. The plan is to place so-called cryptographic hashes of this data on these blockchains.

Commerce Department officials stated that the Trump administration intends to seek an expansion of the program's coverage in the future. Officials emphasized that the blockchain initiative is unrelated to the dismissal of the Bureau of Labor Statistics director. According to the officials, Commerce Secretary Howard Lutnick is the driving force behind the push to publish data on blockchains. Earlier this year, Lutnick also indicated his intention to change the way GDP is reported to eliminate the impact of government spending. GDP data is released by the Bureau of Economic Analysis, which is under the Commerce Department.