The US GDP will be on the blockchain! The Secretary of Commerce launches the federal blockchain program.

U.S. Secretary of Commerce Howard Lutnick dropped a bombshell during the Cabinet meeting at the White House on August 26 — U.S. GDP and other core economic statistics will be published via Blockchain for the first time. This plan is seen as the most symbolic federal Blockchain application under Trump’s crypto-friendly policies, which may completely change the way government data is distributed.

GDP on Blockchain: Trump Administration’s New Milestone in Encryption

Lutnik candidly told President Trump at the meeting: “The Department of Commerce will begin publishing statistics on the blockchain. Since you are the cryptocurrency president, we will put GDP on the chain so that everyone can access the data through the blockchain.”

He emphasized that the plan will first provide blockchain-based statistics to the entire federal government while formulating the details of implementation, serving as a core tool for future data distribution.

Built on the existing federal Blockchain pilot program

This is not the first time the US government has attempted Blockchain technology. Several federal agencies have conducted pilot programs before:

Ministry of Finance: Testing a blockchain-based grant distribution system, which has automatic reconciliation and audit tracking features.

CFTC: Evaluating tokenized collateral and stablecoin-based financial transactions.

Small Business Administration: Study the application of Blockchain in loan monitoring and fraud prevention.

Department of Defense and Department of Homeland Security: Exploring parts tracking, supply chain certification, and digital document management.

Navy and Defense Logistics Agency: Collaborating with SIMBA Chain to track high-value parts and reduce manual data entry.

Customs and Border Protection: Testing Blockchain for Intellectual Property Verification and Combating Counterfeit Goods.

Congressional Legislation Promotes Blockchain Deployment

This initiative aligns closely with the “2025 U.S. Blockchain Deployment Act” that Congress is currently advancing. The bill was introduced by Representative Kat Cammack and was passed in the House of Representatives on June 23, and is now sent to the Senate for review.

The content of the bill includes:

1. Establish the Business Department Blockchain Deployment Plan

2. Establish an advisory committee composed of federal agencies, the private sector, and infrastructure operators.

3. Research on the application and security compliance challenges of distributed ledger technology in government operations.

The Strategic Significance of Blockchain Data Distribution

By putting GDP and economic statistics on the Blockchain, it can not only enhance data transparency and anti-tampering capabilities but also allow global investors, enterprises, and research institutions to access authoritative data in real time.

This has far-reaching implications for financial markets, policy-making, and international trade, and marks a key step for the United States in the blockchain application competition.

Conclusion

The U.S. GDP on-chain project is the federal government’s first application of distributed ledger technology to core economic data releases, symbolizing the Trump administration’s policy determination in the fields of encryption and blockchain. With legislative progress and interdepartmental cooperation, this “federal blockchain revolution” may reshape global trust in and usage of government data.