US Government Plans Blockchain Move for Economic Data

Commerce Secretary Howard Lutnick announced plans to publish key economic indicators, including GDP figures, on blockchain technology. The initiative, revealed during a WHITE House cabinet meeting, marks a significant step in governmental adoption of distributed ledger systems.

The Department of Commerce will initially focus on GDP data before potentially expanding to other statistics. "We're putting our GDP on the blockchain so people can use it for data and distribution," Lutnick told President Trump, framing the MOVE as part of the administration's pro-crypto stance.

Technical implementation remains underway, with the department evaluating blockchain networks and infrastructure requirements. No firm timeline has been established for rollout, though the system will reportedly be made available to other agencies once operational.