US Government Embraces Blockchain for GDP Reporting

The U.S. Commerce Department has taken a significant step toward integrating blockchain technology into its economic data reporting by publishing Gross Domestic Product (GDP) figures on major blockchains such as Bitcoin, Ethereum, and Solana. This groundbreaking initiative utilizes oracles like Chainlink and Pyth to ensure the accuracy and transparency of these historical and real-time GDP reports. This move marks a significant milestone in fostering trust and accessibility within the financial markets.