The American government has exploited Chainlink and Pyth, two suppliers of Oracle Blockchain, to publish economic data on Onchain.
Pyth was selected by the Ministry of Commerce to be a Brut Internal Product Data publisher (GDP) – Total economic production in one year – according to an announcement on Thursday.
ChainLink was selected to provide data flows from the Bureau of Economic Analysis (BEA).
These flows include the real gross domestic product (GDP), the price index for personal consumer expenditure (PCE) and real final sales to private national buyers, the company said.
The publication of ONCHAIN government data is part of the Trump administration plan to make public spending more transparent in order to improve responsibility.
In relation: The Philippin legislator to offer to put the government’s budget on the blockchain
This is a history in development, and additional information will be added as it will be available.