Chainlink Teams Up with US Commerce Department for Onchain Economic Data

Chainlink has partnered with the US Commerce Department to bring official economic data onchain. The partnership will allow blockchain applications direct access to key government statistics, including GDP and inflation data feeds.

The collaboration aims to provide real-time and transparent access to critical economic indicators, enhancing the potential for decentralized finance (DeFi) and web3 applications.

By integrating official government data into public blockchains, the partnership seeks to increase transparency, accuracy, and reliability in financial decision-making processes.