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Commerce Dept. starts publishing GDP data on every major blockchain except XRP
The U.S. Commerce Department started publishing GDP data on-chain, with Bitcoin, Ethereum, and Solana. The other blockchains are TRON, Stellar, Avalanche, Arbitrum, Polygon & Optimism, with distribution via Pyth and Chainlink. Notably, XRP Ledger is the only major network left out, as of the latest update.
The official figures will be secured by a cryptographic hash to ensure integrity, as per the reports. Officials stated that the project is not intended to replace the existing GDP releases, but rather to create an additional way to verify things in real-time using blockchain.
The Commerce Department hopes that anchoring data on nine blockchains will...