Commerce Secretary Howard Lutnick announced the Department of Commerce will begin issuing GDP and other economic statistics on blockchain during a White House cabinet meeting on Aug. 26.

Positioning the technology as a government-wide data distribution tool, Lutnick told President Donald Trump:

“The Department of Commerce is going to start issuing its statistics on the blockchain, cause you [Trump] are the crypto president, and we are going to put the GDP on the blockchain so people can use the blockchain for data distribution.”

Lutnick said the Commerce Department plans to make blockchain-based statistics “available for the entire government” while working through implementation details.

The announcement represents the most prominent federal blockchain deployment under the Trump administration’s crypto-friendly policies.

Existing federal programs

The Commerce initiative builds on existing blockchain pilots across federal agencies.

Treasury tested a grant distribution system using blockchain to track drawdowns with automatic reconciliation and audit trails, though it never launched publicly.

The Commodity Futures Trading Commission operates a pilot program evaluating tokenized collateral and stablecoin-based financial transactions in regulated markets.

At the same time, the Small Business Administration has evaluated blockchain for monitoring fraud and performance metrics in loan programs, according to Government Accountability Office reports.

The Department of Defense and Homeland Security are exploring the use of blockchain for parts tracking, supply chain authentication, and digital documentation.

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Author: Gino Matos