Howard Lutnick, the US Secretary of Commerce and former CEO of Cantor Fitzgerald, announced plans to integrate blockchain technology into the dissemination of economic statistics.

GDP Statistics On The Blockchain

Speaking at a cabinet meeting with President Donald Trump on Tuesday, Lutnick articulated his vision of placing Gross Domestic Product (GDP) data on the blockchain, highlighting the potential for enhanced transparency and data distribution across government departments.

Lutnick emphasized that the initiative aligns with Trump’s identity as “the crypto president,” framing it as a groundbreaking step toward modernizing how economic reports are generated and shared.

“The Department of Commerce is going to start issuing its statistics on the blockchain,” he stated, adding that

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