US Commerce Department to Publish GDP Data on Blockchain

Commerce Secretary Howard Lutnick announced plans to issue key economic statistics, including Gross Domestic Product figures, on blockchain technology. The initiative, framed as a transparency measure, WOULD mark one of the first major government adoptions of distributed ledger technology for official data dissemination.

Lutnick dubbed President Trump 'the crypto president' during the Cabinet meeting announcement, emphasizing blockchain's immutability and accessibility advantages. The program will initially focus on GDP reporting before expanding to other agencies, with technical implementation details currently being finalized.

The move signals growing institutional recognition of blockchain's utility beyond cryptocurrency transactions. By anchoring economic data onchain, the Commerce Department aims to create tamper-evident records while improving public access to verified statistics.