Ah, the United States of America, always eager to embrace the latest technological fad 🤖. This time, the Department of Commerce has decided to take a leap into the blockchain abyss, led by the ever-so-enigmatic Secretary Howard Lutnick 📈. Yes, you heard it right-key economic data will soon be etched into the immutable ledger of the blockchain.
- Secretary Howard Lutnick has confirmed the grand plan to publish economic data on the blockchain, though the timeline remains as elusive as a unicorn 🦄.
During a White House cabinet meeting on Aug. 26, Lutnick addressed none other than President Donald Trump, proclaiming, “Because you are the crypto president […] we are going to put our GDP on the blockchain so people can use it for data and distribution.”
Ah, the crypto president 🤑-a title Trump surely wears with pride. The blockchain in question? Well, that remains a mystery. Given Trump’s penchant for ‘Made in the USA,’ platforms like Solana or Ripple’s XRP Ledger might be in the running 🏎️.
Other domestic contenders, such as Aptos, could also be dancing around in the agency’s thoughts 💭. Initially, the plan is to publish GDP figures via blockchain rails, with other economic indicators to follow suit 🚂.
Eventually, this data would be made available across the entire federal government-because why not? 🤷♂️
Why Blockchain? 🤔
Department of Commerce datasets, like census information and GDP estimates, are already public. But blockchain adds that extra sprinkle of immutability, auditability, and faster access 🌟. Lutnick made it clear that this move aligns with Trump’s pro-crypto agenda 🚀.
The Trump administration has previously toyed with the idea of integrating blockchain tech into other government arms 🏛️. Earlier this year, a leaked memo suggested a blockchain-based procurement system for the U.S. Agency for International Development (USAID).
Even Elon Musk, before his fallout with Trump, had proposed integrating blockchain into certain federal functions 🚀.
Globally, jurisdictions like the European Union, India, Estonia, Georgia, and Sweden have already experimented with blockchain in public administration 🌍.
As of now, no timeline for the rollout has been announced, but Lutnick assured that the initiative is being coordinated with White House’s top crypto adviser, David Sacks, once all details are ironed out 🛠️.
So, buckle up 🚗. The U.S. is ready to ride the blockchain wave 🌊. Whether this venture will be a groundbreaking success or a spectacular failure, only time will tell ⌛. But one thing is for sure-it will be an interesting ride 🎢.
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2025-08-27 12:26