US Commerce Dept Teams with Chainlink to Bring Data Onchain

TheCryptoTimesPublicado em 2025-08-28Última atualização em 2025-08-28

The U.S. Department of Commerce is partnering with Chainlink to bring government microeconomic data on-chain. This comes as the department announced today that it will begin posting real gross domestic product on-chain. Starting with July 2025 data, GDP has grown at an annual rate of 3.3 percent, according to revised figures from the Bureau of Economic Analysis.

Chainlink announced in a blog post that it worked with the Commerce Department to bring six major macroeconomic datasets on-chain. These include Real GDP, the PCE Price Index, and Real Final Sales to Private Domestic Purchasers.

According to Chainlink, “These new Chainlink Data Feeds securely deliver critical information around key U.S. economic data on-chain.” Data will first be available across ten blockchains, including Ethereum, Arbitrum, Optimism, and Avalanche.

Expanding Blockchain Into Public Institutions

This integration enables building government trust in decentralized infrastructure. Making GDP, inflation, and consumption figures available on the blockchain, the government is opening the door for developers to create innovative products.

As a result, automated trading strategies, transparent dashboards, tokenized asset innovations, and real-time prediction markets are becoming much more accessible. Additionally, DeFi protocols can leverage these metrics to better manage risk using real economic data.

Blockchain-based oracle solution Pyth Network also confirmed in an official announcement its role in the initiative. After months of engagement with Commerce Secretary Howard Lutnick, Pyth said it was “honored to have been selected as a critical component.”

Political and Economic Context

The Trump administration has accelerated blockchain adoption. Earlier this year, as per Bloomberg, the Department of Government Efficiency, under the leadership of Elon Musk, took a deep dive into blockchain technology to find ways to cut costs and boost transparency.

Additionally, the GENIUS Act was put into place, creating a solid framework for stablecoins, with Chainlink co-founder Sergey Nazarov in attendance at the signing ceremony.

Also, Chainlink’s support for tokenized money and stablecoins was recently emphasized by the White House Working Group. Hence, government reliance on oracle networks is no longer experimental but central to digital asset growth.

Onchain government data is no longer theory but practice. This initiative legitimizes blockchain as core U.S. infrastructure, bridging public institutions with digital markets.

Also Read: Bukele Reacts as El Salvador’s Bitcoin Holdings Could Hit $1B

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