- Pyth selected by the US Commerce Department to publish GDP data onchain.
- Chainlink tapped to provide BEA feeds including GDP and PCE price index.
- Move aligns with government’s plan to boost transparency and accountability.
The United States government has officially partnered with two leading blockchain oracle providers, Chainlink and Pyth, to bring critical economic data onchain. The move is being framed as a push toward greater transparency and accountability in government spending, while also signaling how deeply Web3 tech is starting to integrate with public infrastructure.
Pyth to Publish US GDP Data Onchain
According to Thursday’s announcement, the Department of Commerce selected Pyth Network as the publisher of America’s gross domestic product (GDP) data. This means that for the first time, one of the most important indicators of national economic output will be published directly on blockchain rails—an unprecedented development.
Chainlink to Provide BEA Economic Data Feeds
Meanwhile, Chainlink has been tapped to provide reliable feeds from the Bureau of Economic Analysis (BEA). These will include essential metrics like real GDP, the Personal Consumption Expenditures (PCE) price index, and real final sales to private domestic purchasers. By using Chainlink’s decentralized oracle infrastructure, this data can now be accessed onchain with security and integrity.
Government Transparency Through Blockchain
The initiative is part of the Trump administration’s broader plan to improve accountability around government spending. Publishing official economic data onchain is expected to reduce opacity, strengthen trust in public institutions, and potentially open new doors for blockchain-based financial applications that rely on official macroeconomic indicators.
It’s a step that blends traditional economic policy with the emerging decentralized finance (DeFi) space, showing that blockchain is no longer just about crypto tokens—but also about data integrity at the highest level.
