Commerce Secretary Howard Lutnick announced that the Ministry of Trade BBP and other economic statistics about blockchain will publish during a White House Cabinet meeting on August 26.
Lutnick positions the technology as a government -wide data distribution tool, Lutnick told President Donald Trump:
“The Ministry of Trade is going to spend its statistics on the blockchain [Trump] Are the crypto president, and we are going to put the GDP on the blockchain so that people can use the blockchain for data distribution. “
Lutnick said that the commerce department is planning to make blockchain-based statistics “available to the entire government” while they work through implementation data.
The announcement is the most prominent federal blockchain deployment under the crypto-friendly policy of the Trump government.
Existing federal programs
The Commerce Initiative builds on existing blockchain pilots About federal agencies.
Treasury tested a subsidy distribution system using blockchain to follow Drawdowns with automatic reconciliation and audit paths, although it was never publicly launched.
The Commodity Futures Trading Commission has a pilot program that evaluates tokenized collateral and on stablecoin -based financial transactions in regulated markets.
At the same time, the Small Business Administration Blockchain has evaluated on monitoring fraud and performance statistics in loan programs, according to the Government Accountability Office.
The Ministry of Defense and Homeland Security are investigating the use of blockchain for following parts, supply chain -authentication and digital documentation.
The Navy and the Defense Logistics Agency work together with SIMBA chain to follow high-quality parts via blockchain wholesalbooks, reducing manual data entry into defense selection chains.
Customs and border protection previously carried out blockchain tests to verify verifiable data on import and to spot forged goods.
Congress support
The blockchain pushes itself with hanging conference legislation. The “The use of American Blockchains Act from 2025‘Sponsored by Rep. Kat Cammack and passed through the house on 23 June, moved to the Senate on 24 June.
The bill instructs the Minister of Trade to promote the US competitiveness in blockchain implementation and applications.
The legislation would set up a blockchain implementation program of the Commerce Department and set up advisory committees that include federal agencies, representatives of the private sector and blockchain infrastructure operators.
The program would investigate how federal agencies can benefit from distributed ledger technology and at the same time worry about concerns with regard to cyber security and compliance with the regulations.
The GDP Blockchain initiative of the Commerce Department is the latest federal commitment to distributed ledger technology for government core functions.
