US Government to Release Economic Data on Blockchain: Will It Impact Transparency and Access?

US Commerce Secretary Howard Lutnick announced plans to use blockchain technology for releasing economic data, including GDP figures, in a move toward increased transparency and accessibility. The initiative will be implemented through collaboration with the White House’s crypto advisor, David Sacks. Lutnick stated that this data release would facilitate direct access to information, benefiting not only government entities but also citizens. This decision follows recent discussions where US President Donald Trump, supported by Secretary Lutnick’s views on blockchain and economic modernization, advocated for a public-private collaboration in the sector.