US Government taps Chainlink, Pyth to publish economic data onchain
The US government has announced it will publish economic data onchain to enhance transparency in government spending. Chainlink and Pyth have been selected as blockchain oracle providers for this initiative. Pyth will specifically publish gross domestic product (GDP) data, while Chainlink will supply various data feeds from the Bureau of Economic Analysis (BEA), including real GDP, personal consumption expenditures (PCE) price index, and real final sales to private domestic purchasers. This decision is part of the Trump administration's plan aimed at improving accountability in government operations. The move reflects a growing trend of leveraging blockchain technology for increased transparency in governmental financial reporting.
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