The U.S. Department of Commerce, led by Secretary Howard Lutnick, announced plans to initiate the publication of economic data, including GDP, on blockchain. This event occurred during a cabinet meeting with President Donald Trump on August 26, 2025.
Announcement of Commerce Initiative
During the cabinet meeting, the department announced plans for the integration of blockchain into the economic data publishing process, highlighting the government's commitment to innovation in digital assets.
Goals and Expected Outcomes
The initiative primarily aims to enhance transparency and trust in official economic reports. Secretary Howard Lutnick stated, 'We are going to put our GDP on the blockchain so people can use it for data and distribution.' This is expected to increase data accessibility for both the government and the public.
Global Blockchain Adoption Experience
The U.S. aims to follow the examples of other countries, where the adoption of blockchain technology has significantly improved public trust in data integrity. Examples of such initiatives include Estonia's e-Health system and the EU's EBSI.
The implementation of blockchain for publishing economic data marks a significant step toward digital transformation in the government sector, although details on funding and the chosen blockchain platform remain undisclosed.
