US Embraces Blockchain for Economic Data Transparency

The United States is taking a significant step towards greater economic transparency by implementing blockchain technology to publish its GDP figures and other economic data. Commerce Secretary Howard Lutnick announced this transition during a White House cabinet meeting, setting the stage for broader adoption of blockchain across federal agencies. This move aligns the US with a growing global trend, following Estonia’s early adoption in 2016 and examples like Singapore, Australia, and California who have already incorporated blockchain into public administration.