The U.S. Commerce Department has started publishing key economic data, including GDP figures, on blockchain technology, using Chainlink and Pyth as oracle providers. This move marks a significant advancement in the integration of government data with blockchain, allowing for more transparent and tamper-proof economic statistics. The initial rollout includes data types such as Real GDP, PCE Price Index, and Real Final Sales with updates arriving monthly or quarterly. This initiative not only enhances the credibility and accessibility of economic data but also allows for real-time financial applications through smart contracts. The cryptocurrency markets responded positively, with Pyth and Chainlink experiencing substantial price increases following the announcement. The decision signals a pivotal shift towards broader acceptance of blockchain technology within U.S. institutions, fostering greater adoption and utility for both economic and crypto systems.

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