The United States Department of Commerce @CommerceGov will record official GDP data directly onto nine public blockchains with support from Kraken. This is the first time U.S. economic data has been placed onchain in a way that is permanent, transparent, and verifiable by anyone in the world. It matters because GDP is one of the most important signals used to allocate capital and set policy, yet until now distribution relied on formats like PDFs or centralized APIs that are vulnerable to delay, censorship, or manipulation. A blockchain record makes alteration effectively impossible without immediate detection. The process is technical but clear. At the instant of release, the Department generates a digital fingerprint of the GDP dataset using a cryptographic function. That fingerprint is then written to multiple blockchains including Bitcoin, Ethereum, Solana, Avalanche, Stellar, Polygon, and Tron. Kraken and others provided the cryptocurrency required to pay transaction costs to...
Kraken is honored to be selected as a trusted partner for @CommerceGov to purchase the necessary crypto assets to carry out their initiative of disseminating US GDP data across major blockchains, including Bitcoin (BTC), Ethereum (ETH), Solana (SOL), Avalanche (AVAX), Stellar (XLM), Polygon (POL), and Tron (TRX).
Secretary @howardlutnick & @POTUS continue to show unmatched support for technology and a commitment to US leadership in innovation.
Crypto brings unparalleled transparency & efficiency to gov’t data, paving the way for a more trusted digital economy.
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