U.S. Commerce Department Publishes GDP Data on Major Blockchains Except XRP

The US Commerce Department has started publishing GDP data on various major blockchains, including Bitcoin, Ethereum, Solana, TRON, Stellar, Avalanche, Arbitrum, Polygon, and Optimism. The data will be secured by a cryptographic hash to ensure integrity. However, XRP Ledger is the only major network excluded from the project. The initiative aims to improve transparency and provide an additional way to verify data in real-time using blockchain technology.

The U.S. Commerce Department has initiated a groundbreaking initiative by publishing its Gross Domestic Product (GDP) data on several major blockchains, including Bitcoin, Ethereum, Solana, TRON, Stellar, Avalanche, Arbitrum, Polygon, and Optimism. This move aims to enhance transparency and provide an additional method for real-time data verification using blockchain technology [1][2][3].

The Department of Commerce, under Secretary Howard Lutnick, announced that the official GDP figures, including a 3.3% annualized growth rate for Q2 2025, will be cryptographically signed and published on these blockchains. This initiative marks a significant step in leveraging blockchain technology for government data transparency and integrity [1][2][3].

The use of blockchain technology ensures that the GDP data is immutable and globally verifiable, making it tamper-proof and accessible to anyone with internet access. The Commerce Department's decision to publish data on these blockchains is part of a broader strategy to establish the U.S. as a leader in blockchain technology [1][2][3].

The initiative is facilitated by major exchanges such as Coinbase, Gemini, and Kraken, along with oracle networks Pyth and Chainlink. These entities provided the necessary cryptocurrency and technical support to publish the data on the respective blockchains [1][2][3].

Notably, XRP Ledger is the only major network excluded from the project. The Commerce Department has not provided a specific reason for this exclusion, but it may be due to the unique characteristics or regulatory considerations of the XRP Ledger [1][2][3].

This move by the Commerce Department is part of a broader trend within the U.S. government to adopt blockchain technology for various applications. Previous efforts include using blockchain for central bank digital currencies and digital credential issuance [1][2][3].

In conclusion, the U.S. Commerce Department's decision to publish GDP data on blockchain is a significant step towards enhancing data transparency and integrity. This initiative not only provides investors and financial professionals with an additional way to verify economic data but also positions the U.S. as a leader in blockchain technology [1][2][3].

References:
[1] https://cryptobriefing.com/blockchain-economic-data-us-commerce/
[2] https://finance.yahoo.com/news/us-puts-gdp-data-blockchain-133040323.html
[3] https://crypto.news/u-s-starts-gdp-data-to-data-to-bitcoin-ethereum-solana/