US Government Partners with Blockchain Companies to Publish Economic Data

The US Commerce Department announces partnerships with blockchain companies Chainlink and Pyth Network to distribute key economic statistics across multiple blockchain networks, marking a significant government adoption of decentralized technology.

Commerce Secretary Howard Lutnick revealed the initiative during a White House cabinet meeting, telling President Trump the department would issue statistics on blockchain as part of the administration's crypto-friendly approach. The program focuses on six critical economic indicators including GDP and inflation measures, distributed across ten blockchain networks including Ethereum, Bitcoin, and Solana. The government uses cryptographic hashing to ensure data accuracy and prevent tampering once published.

• PYTH token surged 70% in one day following the announcement, with trading volume increasing over 2,700%
• Chainlink's LINK token gained over 5%, demonstrating strong market confidence in government blockchain partnerships
• The initiative enables real-time automated trading systems and decentralized finance applications using reliable government data
• This represents broader federal blockchain adoption, with the Deploying American Blockchains Act awaiting Senate approval