Altcoins News

Story: Chainlink Partners With US Department of Commerce to Bring Macroeconomic Data On-Chain

By Sakamoto Nashi

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US Government Data Goes On-Chain. According to the reveals, the DOC—through the Bureau of Economic Analysis (BEA)—will now publish…

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Unlocking New Use Cases for Blockchain. Chainlink noted that access to verified US government economic data creates a wide range of…

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Commerce Secretary Backs Blockchain Push. Earlier this week, US Secretary of Commerce Howard Lutnick confirmed the department’s plan to…

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Institutional Adoption on the Rise. The partnership between Chainlink and the DOC follows a growing push within Washington to…

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Chainlink’s Expanding Role in Policy. This isn’t Chainlink’s first interaction with US regulators.

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Why This Matters. For the blockchain industry, the Chainlink-DOC partnership is a milestone.

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Conclusion. Chainlink’s partnership with the US Department of Commerce represents a landmark moment for…

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The United States government has taken a major step toward blockchain adoption. On Thursday, the Department of Commerce (DOC) and decentralized oracle provider Chainlink revealed…

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According to the reveals, the DOC—through the Bureau of Economic Analysis (BEA)—will now publish crucial economic indicators using Chainlink Data Feeds. These include:

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Personal Consumption Expenditures (PCE) Price Index

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Real Final Sales to Private Domestic Purchasers

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The data will provide both the level and percentage change of each indicator. Updates will occur monthly or quarterly, depending on the dataset, and the information will be…

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By publishing BEA statistics on public blockchains, the government hopes to foster greater trust in economic data, while developers and financial institutions can integrate these…

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Automated trading strategies that react to GDP or inflation changes in real time.

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Tokenized assets with risk models tied to official economic benchmarks.

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