In a recent Trump Cabinet meeting, Commerce Secretary Howard Lutnick said he’d put US economic data on the blockchain. Apparently, he’d first begin with GDP statistics.

His announcement was vague and non-actionable, and Trump didn’t seem interested. This plan could work, but someone will actually need to make it happen.

US Data on the Blockchain?

Blockchain technology has a wide range of niche use cases, and the US government has recently been trying to experiment with it. Last month, for example, the SEC launched a program to put American capital markets on the blockchain.

Commerce Secretary Lutnick’s comments today are therefore in line with a broader pattern, as he promised to include a wide array of US economic stats on the blockchain, starting with GDP:

To be clear, Secretary Lutnick said this as a thirty-second aside during a Cabinet meeting; he did not describe a detailed, actionable plan. At first glance, this might suggest that this vision is still in the earliest stages. That is to sa

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Author: Landon Manning