Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnWeb3SquareMore
Trade
Spot
Buy and sell crypto with ease
Margin
Amplify your capital and maximize fund efficiency
Onchain
Going Onchain, without going Onchain!
Convert
Zero fees, no slippage
Explore
Launchhub
Gain the edge early and start winning
Copy
Copy elite trader with one click
Bots
Simple, fast, and reliable AI trading bot
Trade
USDT-M Futures
Futures settled in USDT
USDC-M Futures
Futures settled in USDC
Coin-M Futures
Futures settled in cryptocurrencies
Explore
Futures guide
A beginner-to-advanced journey in futures trading
Futures promotions
Generous rewards await
Overview
A variety of products to grow your assets
Simple Earn
Deposit and withdraw anytime to earn flexible returns with zero risk
On-chain Earn
Earn profits daily without risking principal
Structured Earn
Robust financial innovation to navigate market swings
VIP and Wealth Management
Premium services for smart wealth management
Loans
Flexible borrowing with high fund security
Washington Turns to Blockchain for Publishing Economic Data

Washington Turns to Blockchain for Publishing Economic Data

CointribuneCointribune2025/08/28 18:20
By:Cointribune

The US Secretary of Commerce will publish economic data, including GDP, directly on the blockchain. Presented at the White House with Donald Trump, the initiative aims to strengthen trust and experiment with blockchain in public administration.

Washington Turns to Blockchain for Publishing Economic Data image 0 Washington Turns to Blockchain for Publishing Economic Data image 1

In brief

  • The United States will publish their GDP data on the blockchain in order to strengthen transparency and trust in official statistics.
  • This initiative is inspired by international experiences and aims to position Washington as a leader in governmental blockchain use.
  • While the technology guarantees data integrity, it does not solve the issue of their accuracy, which remains politically contested.

When technology becomes a governance tool

The use of blockchain by governments is not new. Estonia paved the way as early as 2016 by securing its medical records through the KSI blockchain.

Today, this system has become the backbone of its digital identity infrastructure. The European Union has launched the EBSI initiative, a cross-border project designed to provide reliable and decentralized public services.

Singapore and Australia also experimented with this technology to streamline international trade in 2021, while California digitized over 42 million vehicle titles via Avalanche in 2024.

These initiatives show that blockchain is no longer just a playground for cryptos, but a potential architecture for modern states.

Drawing inspiration from these models, the United States is not only seeking to innovate but to regain leadership in a field where Europe and Asia have gained ground.

Transparency or illusion? The limits of an unforgeable ledger

However, this initiative raises a key question: data published on the blockchain is only as reliable as its source. In other words, if a biased GDP figure is recorded, the technology preserves the error without correcting it. It guarantees storage integrity and traceability of dissemination, but not accuracy.

The current political context intensifies this issue. Donald Trump has publicly questioned several recent economic reports, even dismissing the commissioner of the Bureau of Labor Statistics in August, accusing her of manipulating figures. In this climate, blockchain becomes a paradoxical tool, displaying transparency on data whose objectivity remains contested.

Thus, this US approach can be seen as an attempt to regain public and market trust, but it also risks fueling debate on the politicization of economic statistics.

Towards governance enhanced by blockchain?

The American decision marks a symbolic step. It shows that blockchain is no longer confined to start-ups or tech giants, but is now entering the core of institutions. If successful, the experiment could extend to other sensitive areas: census, taxation, even election results.

However, technology will never replace the need for honest governance and rigorous statistical methodology. Blockchain is a powerful tool, but it remains a mirror: it reflects the quality of the data recorded on it.

By choosing to place GDP on the blockchain, the United States is not just experimenting with technology, they are redefining the relationship between transparency, trust, and power. Meanwhile, crypto market capitalization reaches 3.8 trillion dollars, soon surpassing the UK GDP .

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!

You may also like

TROLL's Breakout Potential Amid Meme Coin Resurgence and Technical Setup

- TROLL, a Solana-based meme coin, surged 130,000% in 2025 driven by technical momentum and community-driven hype via Pump.fun's CTO program. - Price consolidates between $0.1575-$0.1906 with potential breakout to $0.25-$0.30 if resistance is breached, though RSI and MACD signal waning bullish momentum. - Viral campaigns, influencer endorsements (e.g., The Simpsons "Dollar Troll"), and offline art projects like Rhode Island Troll Trail boosted cultural relevance. - High volatility risks persist: 52% intrad

ainvest2025/08/31 02:45
TROLL's Breakout Potential Amid Meme Coin Resurgence and Technical Setup

Pudgy Penguins and the Future of Web3 Gaming: A Scalable Bridge Between NFTs and Mainstream Gaming?

- Pudgy Party, a blockchain game by Pudgy Penguins and Mythical Games, aims to bridge Web3 and mainstream gaming through simplified onboarding and functional NFTs. - The game automates wallet creation via Mythos Chain, enabling 100M+ user onboarding goals while processing 16M NFT transactions monthly. - Its dual-tier NFT system balances utility and speculation, with non-tradable items earned through play and tradable limited-edition upgrades. - Community-driven features like Soulbound Tokens and meme-inspi

ainvest2025/08/31 02:45
Pudgy Penguins and the Future of Web3 Gaming: A Scalable Bridge Between NFTs and Mainstream Gaming?

Solana News Today: Investors Rely on ABC Pattern as Solana Nears Critical Wave C

- Solana’s price chart shows an ABC corrective pattern in Wave C, with analysts projecting $260–$300 targets if the pattern holds. - The U.S. Dollar Index’s recent Double Three pattern and bearish trend may boost risk-on assets like Solana as dollar weakness continues. - Traders are advised to monitor key Fibonacci levels and support zones for confirmation, with potential for further declines or bullish reversals. - Market participants emphasize combining technical signals with fundamental analysis to navi

ainvest2025/08/31 02:33
Solana News Today: Investors Rely on ABC Pattern as Solana Nears Critical Wave C

Pump.fun’s Resurgence: Can a 92.5% Market Share Signal a New Bull Case for $PUMP?

- Pump.fun dominates Solana memecoin launchpad with 92.5% market share, driven by $62.6M token buybacks reducing supply by 4.3%-16.5%. - Platform's 1% swap fee generates $13.48M weekly revenue, but faces $5.5B lawsuit alleging market manipulation and "unlicensed casino" behavior. - Competitors like LetsBonk (15.3%) and Heaven (15%) struggle against Pump.fun's 70,800 retail holders and $800M+ lifetime revenue. - Market consolidation raises regulatory risks, yet Pump.fun's buyback-driven flywheel effect sust

ainvest2025/08/31 02:30
Pump.fun’s Resurgence: Can a 92.5% Market Share Signal a New Bull Case for $PUMP?