U.S. Commerce Goes On-Chain with Chainlink, Pyth Partnerships

- U.S. Commerce Department partners with Chainlink and Pyth to bring official economic data on-chain. - Initiative aims to enhance transparency by publishing key statistics across ten blockchain systems. On August 28, 2025, the U.S. Department of Commerce announced a partnership with blockchain oracle providers Chainlink and Pyth Network to securely publish macroeconomic data from the Bureau of Economic Analysis (BEA) on decentralized networks. This collaboration marks a historic step in integrating blockchain technology into public data infrastructure to enhance transparency and accountability in government reporting. Six critical BEA indicators are now live on-chain through Chainlink Data Feeds, including Gross Domestic Product (GDP), inflation, and domestic demand. The data, which is updated monthly or quarterly, includes Real Gross Domestic Product, the Personal Consumption Expenditures (PCE) Price Index, and Real Final Sales to Private Domestic Purchasers. While Chainlink handles a wide array of macroeconomic indicators, Pyth Network will distribute GDP data specifically. The initiative initially targets ten blockchain systems, including Ethereum, Avalanche, Arbitrum, Base, and ZKsync. To ensure data integrity, the project also anchors cryptographic hashes of the data on platforms such as Solana, Tron, and Polygon. The project demonstrates the administration's commitment to advancing blockchain adoption and making U.S. economic data more accessible globally. During the announcement on August 28, Commerce Secretary Howard Lutnick emphasized the significance of blockchain integration, stating, "It's only fitting that the Commerce Department and President Donald Trump, the Crypto-President, publicly release economic statistical data on the blockchain." Lutnick also highlighted the administration’s commitment to immutability and transparency in government spending. Mike Cahill, a core contributor to Pyth Network, echoed these sentiments, calling the collaboration a milestone in technological innovation and expressing pride in advancing the reliability and global accessibility of public data through blockchain. Officials disclosed that the Department of Commerce and teams at Chainlink and Pyth Network developed the initiative over several months. This collaboration positions blockchain as a crucial tool to reshape how public data is published, setting a precedent for greater transparency and reliability in global reporting. As of August 28 at 18:15 UTC, Chainlink (LINK) was trading at $24.956, with a 1.849% change in 24-hour volume. Meanwhile, as of 18:14 UTC, Pyth Network (PYTH) was trading at $0.176, reflecting a 48.863% change in 24-hour trading volume.