US government will publish economic data in Blockchain, starting with GDP

By Hannah Pérez

The US Department of Commerce will begin to issue economic statistics on Blockchain, Secretary Howard Lutnick said, without revealing a schedule or appointing any network.

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• The US Department of Commerce will begin to issue economic statistics on Blockchain.
• Secretary Howard Lutnick advanced the plans during a meeting with Trump at the White House.
• It will not be the first country to take advantage of technology to promote public transparency.
• Trump supports cryptocurrencies and has questioned the reliability of official US statistics.

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The United States government plans to start taking advantage of technology Blockchain for the registration of economic data.

The secretary of the Department of Commerce, Howard Lutnick, advanced the innovative claim of the agency to publish official economic statistics in the United States in a block chain, starting with the data of the Gross Domestic Product (GDP).

“The Commerce Department will begin to issue your statistics on blockchain because you are the president of cryptocurrencies, ” Lutnick said addressing Donald Trump during a White House cabinet meeting on Tuesday.

The initial objective is to publish the GDP figures on a platform based on this technology, allowing greater accessibility and distribution of data. “We are going to put our GDP at blockchain so that people can use it for data and distribution“the secretary added in a broad speech that addressed tariffs, semiconductors, patents and commercial agreements.

The announcement marks a milestone in the integration of Blockchain In the management of government data in the US, an initiative that seeks to modernize the way official statistics are shared.

Lutnick said the Department of Commerce is “finalizing the details“To implement the program, which could be extended to other federal agencies.”We will do it available to the entire government, so that everyone can do it”He said.

A step towards government transparency

Although the key data of the Commerce Department, such as the census, are already public, the use of a block chain could increase transparency and confidence in official statistics by guaranteeing an immutable and verifiable record. However, technology does not ensure the accuracy of the data itself, but protects its integrity into storage and distribution.

Specific details have not yet been disclosed on the implementation or network schedule Blockchain It will be used, nor did it advance if a private or public network will be used, such as Ethereum.

He use of Blockchain In public administration it is not new. Countries like Estonia have been pioneers, using this technology since 2016 to protect medical records and its digital identification network. In Europe, the European Commission launched in 2018 the European Blockchain Services Infrastructure (EBSI), which allows verifiable cross -border public services.

Also, Singapore and Australia have experienced with Blockchain To optimize commercial processes, and in 2024, California digitized 42 million vehicle titles in a network Blockchain To reduce fraud.

In line with crypto vision of Donald Trump

In the US, Lutnick’s proposal aligns with the political vision of the Trump administration to promote emerging technologies such as cryptocurrencies. Trump, who promised to turn the United States into a “world crypto capital“, Has implemented efforts such as signing a law of Stablecoins and demand regulatory clarity towards cryptocurrencies by regulatory agencies.

Lutnick, confirmed as Secretary of Commerce in February 2025 after his Trump nomination, has an outstanding trajectory in the financial sector and digital assets. As former executive director of Fitzgerald singer, –an entity that has acted as custodian of Tether (USDT), the largest Stablecoin of the world–Lutnick has publicly defended the potential of cryptocurrencies and Blockchain to boost the US economy.

“Technology is the basis of Trump’s presidency”, Lutnick wrote on the X platform, highlighting the commitment of the administration with Bitcoin, digital assets and blockchain to maintain the global economic leadership of the USA. UU.

Immutable, not necessarily accurate registration

The adoption of Blockchain For economic data it comes at a time when President Trump has questioned the reliability of official statistics, including GDP projections and employment reports. At the beginning of the month, Trump dismissed the commissioner of the Office of Labor Statistics, Erika Mtntarfer, accusing her of publishing “manipulated” data after a report on the employment of Julio showed only 73,000 new jobs and strong reviews of the drop in the previous months.

Yes ok Blockchain It can guarantee the immutability of the records, experts warn that it does not solve problems related to the accuracy of the data entered. As the Commerce Department advances in this initiative, the world will observe how the US integrates this technology into its government infrastructure, a step that could set a precedent for other nations.

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