U.S. to Publish GDP Data on Blockchain Networks by 2025

The United States is set to revolutionize economic data transparency with the groundbreaking move of publishing GDP information on blockchain networks. The Department of Commerce aims to implement this initiative by 2025, starting with nine public blockchains including Bitcoin. This bold step signifies a major endorsement of blockchain technology for economic data feeds. This new system promises to enhance accessibility and transparency regarding U.S. economic data, potentially boosting institutional interest in the blockchain space. Key figures like Howard Lutnick, U.S. Commerce Secretary, have played a pivotal role in this initiative, along with support from industry leaders such as Coinbase. The potential for real-time economic data verification on blockchain networks is substantial. This move marks a significant shift towards trustless data verification processes, opening doors to increased trust and adoption.