Index
ToggleUS prepares to put GDP data on blockchain: A big turning point under President Trump.
US Commerce Secretary Howard Lutnick just announced a historic move: The Commerce Department will begin publishing economic data, including gross domestic product (GDP) , directly on a blockchain platform.
The announcement was made by Mr. Lutnick during a cabinet meeting at the White House on Tuesday, chaired by President Donald Trump , who returned to the leadership position at the end of 2024 after winning the election. Lutnick emphasized:
“The Commerce Department will release the data on the blockchain, because you are the crypto president. We will put GDP on the blockchain so that people can use it for analysis and distribution of information.”
GDP is planned to be the first category to be put on the blockchain, and could then be expanded to other federal agencies once standardization and implementation are complete.
Blockchain in Public Administration: The US Joins the Global Race
While this is the first time the US has applied blockchain to economic statistics, many other governments have been ahead in integrating this technology into state management.
In 2016 , Estonia deployed Guardtime's KSI blockchain in its electronic health system, securing records for more than a million patients. This infrastructure is now being expanded to the national digital identity network .
In 2018 , the European Commission and the European Blockchain Partnership built EBSI (European Blockchain Services Infrastructure) , an intergovernmental network that uses blockchain to deliver cross-border public services.
In 2021 , Singapore and Australia tested a blockchain system for international trade documents , helping to reduce paperwork and costs.
In 2024 , the California Department of Transportation digitized 42 million vehicle documents on the Avalanche blockchain to prevent fraud and optimize the transfer process.
These moves show that blockchain is no longer just associated with cryptocurrencies, but has become a tool for reforming global public governance.
American Politics and Blockchain: When Technology Is Tied to Governance Strategy
Notably, Elon Musk previously proposed the idea of running part of the US government on blockchain. Although he later clashed with President Trump, the proposal is still XEM a suggestion for the US's "digital government" vision.
Now, with the Commerce Department officially announcing this plan right in the new term of President Trump , many experts say Washington is preparing a "technology push" to assert its leading position over Europe and Asia in the field of digital data management.
Shortly after Lutnick’s announcement, several White House advisers revealed that President Trump may ask other departments such as the Treasury, Health and Defense to study the application of blockchain, which clearly reflects the “America is the leader in technological innovation” strategy that Trump has emphasized since returning to the White House.
Experts say that the announcement of GDP on blockchain is just the “opening shot”, as Washington is considering the possibility of establishing a national data ecosystem on blockchain , in order to compete directly with initiatives from Europe and China.
What it means for the US to put GDP on the blockchain:
Data transparency : Citizens, businesses and researchers can verify statistics directly, reducing the risk of being adjusted or manipulated.
Increased Market Confidence : Public GDP data on blockchain will support global investors and financial analysts.
Preparing for the digital economy : Integrating blockchain into economic reporting systems could be a stepping stone to a digital dollar or new financial policies under Trump.
