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The Coin Rise 2025-08-28 21:00:23

Chainlink and U.S. Commerce Department Bring Government Data Onchain

Chainlink and U.S. Commerce Department Bring Government Data Onchain

Chainlink, a top decentralized oracle network, has teamed up with the U.S. Department of Commerce to put official economic data on blockchains . For the first time ever, developers and institutions can get secured and verified U.S. government information directly across different blockchain networks. This is a big step in connecting public data with digital markets. Turning Government Data Into Real-Time Blockchain Access For years, government economic data was shared only through reports, charts, and press updates. While useful, these formats were slow and sometimes hard to use in real time. Now, with Chainlink’s oracle technology, the U.S. government can share this data directly onchain. This creates a fast and secure link between official numbers and the decentralized finance (DeFi) space. With this system, anyone can access real GDP levels, growth rates, consumer prices, and spending data right away on trusted blockchain networks. The data cannot be changed once published, removing delays and reducing risks of tampering. U.S. Government Data Indicator Available Across Multiple Blockchains At launch, Chainlink is delivering six key U.S. economic indicators onchain. This includes the real GDP, the PCE Price Index, and real final sales to private domestic purchasers. These metrics are updated quarterly or monthly, depending on the measure. They already live across ten major blockchain ecosystems, including Ethereum , Arbitrum, Avalanche, and Optimism. Over time, more types of data can be added, giving developers and institutions even more to work with. This is possible because Chainlink is already the industry-standard oracle platform . It has connected with more than 2,400 projects and secured tens of billions of dollars in decentralized finance. Its network is trusted by major banks, payment systems, and asset managers, including Swift, Euroclear, and Fidelity International. Chainlink Deepens Ties With U.S. Government and Regulators This latest collaboration with the Department of Commerce builds on a steady series of engagements with U.S. regulators and policymakers. Chainlink co-founder Sergey Nazarov has held discussions with the SEC and members of Congress on how blockchain infrastructure can comply with existing regulations while unlocking new growth for the economy. The White House recently called Chainlink an important part of the infrastructure for stablecoins and tokenized assets. This role became even clearer with the signing of the GENIUS Act, a new federal law that sets rules for stablecoins. When President Donald Trump signed the law, Chainlink co-founder Sergey Nazarov stood with government leaders. This shows a new level of cooperation between the blockchain industry and public institutions. The post Chainlink and U.S. Commerce Department Bring Government Data Onchain appeared first on TheCoinrise.com .

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