The U.S. Department of Commerce announced publication of the Q2 2025 Gross Domestic Product (GDP) data across nine blockchains, including Bitcoin and Ethereum.
Department of Commerce Initiative
On August 28, the U.S. Department of Commerce officially released the Q2 2025 GDP data, reporting a 3.3% annual growth rate. The data was cryptographically signed and published on various blockchains, including Bitcoin, Ethereum, and Solana. This initiative was termed historic as it establishes a new standard for data integrity and global accessibility.
Partnership with Exchanges and Oracles
The Department of Commerce emphasized that major exchanges, such as Coinbase, Gemini, and Kraken, along with oracles Pyth and Chainlink, facilitated the data publishing. These measures helped to ensure the protection of federal data and enhance its accessibility by leveraging blockchain technology in governmental economic practices.
Expanded Dataset from Chainlink
Chainlink stated that its collaboration with the Department of Commerce extends beyond just the GDP publication. The oracle is now providing ongoing access to six distinct macroeconomic data points onchain, including key inflation and domestic demand indicators. The data is updated monthly or quarterly and can be integrated into blockchain applications, promising new financial products.
The Department of Commerce's initiative to publish GDP data on blockchain highlights the commitment to transparency and data protection. The adoption of new technologies opens avenues for progressive changes in economic information management.
