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US Department of Commerce Posts 2nd Quarter Gross Domestic Product to the Blockchain
Today, the Department of Commerce announced that it will begin posting real gross domestic product (GDP) data on the blockchain beginning with the July 2025 data. GDP increased at an annual rate of 3.3 percent in July 2025 according to the revised estimates released by the U.S. Bureau of Economic Analysis. This is the first time a federal agency has published economic statistical data like this on the blockchain, and the latest way the Department is utilizing innovative technology to protect federal data and promote public use. The Department published an official hash of its quarterly GDP data release for ... (full story)
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Real gross domestic product (GDP) increased at an annual rate of 3.3 percent in the second quarter of 2025 (April, May, and June), according to the second estimate released by the U.S. Bureau of Economic Analysis. In the first quarter, real GDP decreased 0.5 percent. The increase in real GDP in the second quarter primarily reflected a decrease in imports, ...
From financemagnates.com | Aug 28, 2025
The U.S. Department of Commerce has turned to cryptocurrency exchange Kraken to support a new initiative that will put gross domestic product (GDP) data directly onto public blockchains. Announced by President Donald Trump and Commerce Secretary Howard Lutnick, the plan marks the first time a G7 country will use blockchain to distribute official economic ...
From msn.com | Aug 28, 2025
The US government on Thursday began distributing gross domestic product data on public blockchains, marking the latest Trump administration endorsement of the crypto industry. The move, as described by Commerce Department officials, will create another avenue — not a replacement — for publishing the economic data. The Department published what it described ...
