U.S. Commerce Secretary Launches Blockchain-Based Economic Reporting Initiative

US Commerce Secretary Howard Lutnick, former CEO of Cantor Fitzgerald, announced a groundbreaking initiative to integrate blockchain technology into government economic reporting. During President Trump’s cabinet meeting on August 26th, Lutnick unveiled the plan to publish GDP data on the blockchain for greater transparency and accessibility. The initiative is expected to be shared with all relevant government agencies, aiming to revolutionize how economic reports are conducted and disseminated.