US Economic Data Goes Live on Public Blockchains via Chainlink

Chainlink has partnered with the US Commerce Department to bring key government economic statistics directly onto public blockchains. This initiative, which began rolling out this month, provides blockchain applications with access to official GDP and inflation data feeds.

The partnership involves six data feeds based on three major US economic indicators: real gross domestic product (GDP), the Personal Consumption Expenditures Price Index (PCEPI), and Real Final Sales to Private Domestic Purchasers. Each indicator comes in two formats, covering its level and annual rate of change.

Chainlink will update these feeds monthly or quarterly, depending on the release schedule from the Bureau of Economic Analysis (BEA). This means blockchain users can access updates based on the same government releases available through traditional channels.