US Commerce Partners with Chainlink for Blockchain-Accessible Economic Data

The US Commerce Department has partnered with Chainlink to provide official government economic data directly on public blockchains. This initiative allows developers to build decentralized finance products that react to trusted government statistics.

The partnership distributes key US economic indicators like real GDP, the PCE Price Index (the Fed's preferred inflation gauge), and consumer spending data through Chainlink Data Feeds.

These feeds are available on 10 blockchain networks, updating in sync with the Bureau of Economic Analysis' schedule. This move aims to increase global accessibility to US economic data and support blockchain innovation in the country.