The US Commerce Department has announced the use of blockchain technology to enhance transparency in economic data reporting and accountability.
Blockchain Implementation Plan
Commerce Secretary Howard Lutnick revealed that the department is finalizing a plan to use blockchain for publishing official economic statistics. He stated that the information will be accessible in a new, tamper-resistant format that will improve public access to government data.
Presidential Initiative on Digital Assets
This initiative is part of a broader policy launched by Donald Trump in January 2025, aimed at promoting digital asset development and modernizing reporting systems. Lutnick emphasized that blockchain adoption will facilitate better access to data regarding the gross domestic product and other key indicators.
Experiments by Other Government Agencies
Other federal agencies, including the Treasury and the Department of Defense, have previously experimented with blockchain technology to improve the transparency of financial records and efficiently track materials. While Lutnick did not specify an official timeline, he noted that blockchain-based statistics would initially be available to the Commerce Department, with plans to expand access to other agencies in the future.
The Commerce Department's initiatives to adopt blockchain technology reflect a growing interest in digital technologies within the government sector aimed at enhancing the accessibility and transparency of economic information.
