U.S. applies blockchain to GDP data… 9 blockchains including Bitcoin and Ethereum

The United States is applying blockchain technology such as Bitcoin (BTC) and Ethereum (ETH) to gross domestic product (GDP) data. Analysts say this indicates the federal government is accelerating the adoption of blockchain.

On the 28th (local time), Bloomberg reported that the U.S. Department of Commerce recorded the revised second-quarter GDP on a blockchain. The Commerce Department recorded GDP data on nine blockchains, including Bitcoin, Ethereum, and Solana (SOL). Bloomberg said, "It shows the Donald Trump administration's stance in support of the cryptocurrency industry."

The Commerce Department plans to gradually expand the blockchains on which it records GDP data. The Commerce Department said, "The Trump administration plans to expand the scope of the initiative."

Earlier, Commerce Secretary Howard Lutnick told President Trump at a White House Cabinet meeting on the 26th that "department statistics will be released via blockchain," saying, "because you (President Trump) are the cryptocurrency president."