Chainlink continues to hold a significant position in the crypto space by partnering in a new blockchain initiative spearheaded by the US government.
Key Developments in Chainlink Collaboration
The Economic Analysis Bureau (BEA) is set to transfer key macroeconomic data from the US government onto the blockchain, thanks to Chainlink. Critical figures such as real GDP and PCE are among the six key datasets transitioning to the blockchain, enhancing transparency and accessibility in the crypto world.
Expanding Data Distribution Across Networks
The datasets are slated for distribution across ten networks, including Arbitrum, Avalanche, Base, Botanix, Ethereum, Linea, Mantle, Optimism, Sonic, and ZKsync. Following the initial rollout, plans are underway to expand this distribution to additional networks.
Impact on LINK Coin's Price
As a result of this announcement, LINK Coin has surged beyond $25.36, and if the upward trend continues, $27 will be the next target.
Chainlink's collaboration with the US government highlights the importance of data transparency and expands the use of blockchain technology in economic practices.
