- U.S. government embraces blockchain for transparent GDP data distribution.
- Commerce Department to release key economic data using blockchain technology.
- President Trump’s pro-crypto policies drive blockchain adoption in government.
The U.S. Commerce Department is preparing to release key economic data, including GDP figures, using blockchain technology. This marks a significant shift in how the government distributes public information, aiming to enhance accessibility and transparency.
Commerce Secretary Howard Lutnick revealed the news during a White House cabinet meeting on Tuesday. The action is consistent with President Donald Trump’s pro-crypto stance and continues his administration’s efforts to promote innovation in the digital asset sector.
As Lutnick notes, the blockchain project will initially be applied to GDP data, but may later be extended to other fields. The government will utilize blockchain to streamline the process of sharing economic statistics with the general public, ensuring they are easily accessible to citizens and institutions.
The transparency capabilities of blockchain will facilitate a more transparent distribution system that provides verifiable information to all in real time. This innovation will result in building more trust and understanding of the major economic indicators.
A Strategic Shift Toward Blockchain-Driven Transparency
This effort is part of a broader push to incorporate digital asset technology in government processes. An executive order by Trump issued in January 2025 requires the agencies to examine blockchain innovations, showing a commitment to digital modernization.
The project is also a reprise of an earlier effort spearheaded by Elon Musk’s now-dissolved D.O.G.E. department. This initiative attempted to make the government more transparent by monitoring government expenditures on a blockchain, and the current administration wants to build on that dream.
Global Momentum for Blockchain in Government Services
The U.S. is not alone in exploring blockchain for public administration. Some federal agencies, such as the Departments of Treasury and Defense, have already tested blockchain to track expenditures and manage supply chains.
At the international level, Estonia, Singapore, and Australia have employed blockchain to secure healthcare data and trade systems. Such activities reflect the increasing awareness of blockchain’s potential to transform government processes.
The U.S. government’s decision to use blockchain may transform the relationship between citizens and economic data. Although no specific timeframe has been given, this is one of the most ambitious projects to introduce blockchain into federal governance. If successful, it will redefine public access to economic data, promoting a new era of transparency in U.S. government reporting.
Also Read: Gemini Surpasses Coinbase in App Rankings with Game-Changing XRP Card
