US Economic Data on the Blockchain
In a notable development, the US Department of Commerce has begun publishing Gross Domestic Product (GDP) data directly on blockchain networks such as Bitcoin, Ethereum, and Solana.
The move aims to ensure transparency and prevent any manipulation or delays in the release of economic figures, while providing instant access for everyone.
This data is transmitted via service providers such as Chainlink and Pyth Network, opening up possibilities for new uses in decentralized finance (DeFi) applications and smart contracts.
In this way, government data is transformed from traditional tables into reliable, secure, and globally accessible digital information.
