--

[The U.S. Government Releases GDP Data on Blockchain for the First Time, Covering Nine Blockchain Platforms] The U.S. government has begun publishing Gross Domestic Product (GDP) data on public blockchains, initially covering nine blockchain platforms including Bitcoin, Ethereum, and Solana. This move aims to provide a new channel for economic data dissemination but will not replace existing methods. Commerce Department officials revealed that the cryptographic hash values of the data will be recorded on the blockchain, with plans to expand coverage in the future. Commerce Secretary Howard Lutnick, a key proponent of the initiative, previously expressed his desire to adjust the GDP reporting method to exclude the impact of government spending on the data. The data is published by the Bureau of Economic Analysis, and this blockchain initiative is unrelated to the dismissal of the Bureau of Labor Statistics director. This move is seen as further support from the U.S. government for cryptocurrency and blockchain technology.

Loading...