BlockBeats News, August 28th, according to an official announcement, the U.S. Department of Commerce today announced that it will begin publishing actual Gross Domestic Product (GDP) data on the blockchain starting in July 2025. Based on revised estimates released by the Bureau of Economic Analysis, the GDP in July 2025 grew at an annualized rate of 3.3%. This marks the first time a federal agency has released economic statistics data in this manner on the blockchain and represents the Department of Commerce's latest initiative to protect federal data using innovative technology and promote public use.
The Department of Commerce has released the official hash value of the 2025 quarterly GDP data (in some cases including GDP total data) to the following nine blockchains: Bitcoin, Ethereum, Solana, TRON, Stellar, Avalanche, Arbitrum One, Polygon PoS, and Optimism. Additionally, through coordination with Pyth and Chainlink oracles, this data has been further disseminated. The exchanges Coinbase, Gemini, and Kraken assisted in promoting the Department of Commerce's data release. The Department of Commerce will continue to innovate, expanding the scope of future data set (such as GDP) releases, including the use of more blockchains, oracles, and exchanges.
Through this milestone initiative, the Department of Commerce hopes to demonstrate the widespread application value of blockchain technology, provide a conceptual validation for the entire government, and carry forward the historic efforts of the Trump administration to establish the United States as a global blockchain hub.