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U.S. Commerce Secretary Howard Lutnick said Tuesday the federal government will begin publishing economic statistics like GDP figures directly on the blockchain.
What’s the Scoop?
- GDP Goes Onchain: Lutnick said the Commerce Department will use blockchain tech to issue official stats like GDP data, making them more accessible and tamper-proof.
- Broader Rollout: Blockchain-based economic data will soon be “available for the entire government,” according to the secretary.
- Still in the Works: No details yet on which blockchain will be used or when implementation begins.
- Crypto-First Cabinet: Lutnick cited President Trump’s support for digital assets as a catalyst, saying the administration plans to use “bitcoin, digital assets, and blockchain to drive America forward.”
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