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The U.S. Department of Commerce has made history by publishing its GDP data directly on multiple blockchain networks. This unprecedented move includes partnerships with oracle networks Chainlink and Pyth to integrate verified government economic data into DeFi ecosystems. The initiative marks the first federal agency to publish economic statistics on-chain.
- First-ever publication of federal economic data on blockchain networks including GDP, PCE inflation index, and economic demand metrics
- Partnerships with Chainlink and Pyth will enable real-time verified government data integration into DeFi applications and prediction markets
- Initiative supported by major crypto exchanges and aims to increase data transparency while supporting new crypto asset development
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