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U.S. Commerce Department to Publish Economic Data on Blockchain Technology

Blockchain

Business Honor
27 August, 2025

U.S. Commerce Department to publish economic data on blockchain for enhanced transparency and security.

U.S. Commerce Secretary Howard Lutnick stated that the Department of Commerce will begin publishing significant economic statistics, including Gross Domestic Product (GDP) figures, on the blockchain. The move, which was made public at a White House cabinet meeting, is regarded as an important step in using blockchain technology for dissemination of government data. As per Lutnick, the initiative will seek to harness the transparency, security, and efficiency of blockchain to make economic data verifiable and accessible.

Lutnick stressed that the work would start with the GDP numbers and potentially be extended to other federal agencies once the Commerce Department works out the details of the rollout. The initiative dovetails with President Donald Trump's earlier hype for adopting crypto technologies, framing blockchain as a means to revamp U.S. data systems.

This action mirrors international trends, as blockchain is already utilized by governments around the world to increase public sector effectiveness. Estonia, for instance, has implemented blockchain within its e-Health framework, making millions of patient records secure. Likewise, the European Commission's European Blockchain Services Infrastructure (EBSI) facilitates cross-border, decentralized services between EU member states.

Blockchain has real benefits for public governance. Blockchain provides secure record-keeping, verifiable digital identities, and provides assurances that data exchange is transparent and traceable. Yet, whereas blockchain can assure integrity of storage and transmission of information, it cannot assure the inherent truthfulness of information itself. This effort is one step forward towards blockchain's future in public administration, placing itself solidly as a solution to government service modernization and public data trust.