According to BlockBeats news on August 28, the U.S. Department of Commerce announced today that it will begin publishing actual Gross Domestic Product (GDP) data on the blockchain starting in July 2025. According to revised estimates released by the U.S. Bureau of Economic Analysis, the annualized GDP growth rate for July 2025 is 3.3%. This marks the first time a federal agency has published economic statistics on the blockchain in this manner, and it represents the Department of Commerce's latest initiative to protect federal data and promote public usage through innovative technology.
The Department of Commerce has published the official hash values of the quarterly GDP data for 2025 (in some cases also including total GDP data) to the following nine blockchains: Bitcoin, Ethereum, Solana, TRON, Stellar, Avalanche, Arbitrum One, Polygon PoS, and Optimism. At the same time, these data are further disseminated through coordination with Pyth and Chainlink oracles. The trading platforms Coinbase, Gemini, and Kraken have assisted in promoting the Department of Commerce's data release. The Department of Commerce will continue to innovate and expand the scope of future data releases (such as GDP), including the use of more blockchains, oracles, and trading platforms.
Through this landmark initiative, the Department of Commerce aims to demonstrate the broad application value of blockchain technology while providing a proof of concept for the entire government and continuing the historic efforts of the Trump administration to establish the United States as a global blockchain hub.
