The U.S. Commerce Department will start releasing statistics and data on blockchain, according to Commerce Secretary Howard Lutnick. The US Government had proposed the idea earlier this year, and Lutnick says that the Commerce Department will begin this initiative soon.
“The Department of Commerce is going to start issuing its statistics on the blockchain,” Lutnick said to the press on Tuesday. “You wanted the crypto President, and we are going to put our GDP on the blockchain so people can use the Blockchain for data and distribution.” He added that this feature will be granted to all members of the government. “We’re just ironing out all of the details so we could do it.”
This new push for government efficiency uses blockchain transparency to improve how money gets spent and where the spending could be viewed. A January 2025 executive order from the Trump administration directed federal agencies to support digital asset innovation and a more favorable regulatory framework. Additionally, the blockchain publishing US government data concept also came from Elon Musk’s D.O.G.E department, where he had a group of 100 people working on publishing spending on a blockchain for the public to see, although the project was never finished. Now, the U.S. Commerce Department appears to be continuing the project.
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Several US departments have already begun working on publishing data on blockchain, including the Treasury and the Fiscal Service, and the Department of Defense, to track spending and parts. Commerce Secretary Lutnick didn’t provide a timeline on when the blockchain data would be published and fully available.