US to Publish Economic Data on Blockchain, Aims for Increased Transparency

The U.S. Department of Commerce has announced plans to publish economic data, including GDP, on a blockchain, aiming to enhance transparency and accessibility. This move marks a significant step towards integrating blockchain technology into government operations, potentially influencing market trust in government statistics. While the specific blockchain platform remains undecided, this initiative could lead to increased network traffic and adoption for crypto assets. The Department of Commerce led by Secretary Howard Lutnick emphasizes the move aligns with a pro-digital assets stance. Details are currently under discussion.