ChainLink and the US Department of Commerce (DOC) has announced its cooperation to provide the main governmental government economy data in the series, with the aim of improving transparency and canceling the new use cases of Blockchain markets.
Chainlink brings economic data on the series
On Thursday, the US Department of Commerce and the Oracle ChainLink unveil They had made a partnership to bring in decisive macroeconomic data in the series from the BEA office.
The New Sainlink data is aimed at providing important information about the main US economic data points, including GDP (GDP), PEC’s Personal Expenditure Index (PCE), and real final sales for local buyers.
There are now data on the level and change of the percentage of real GDP, the PCE price index, and the real final sales of local buyers are now available for consumption. This data will be updated monthly or quarterly as necessary.
In addition, the data will be available via ten Blockchain environmental systems at first, including arbitration, ice collapse, base, Botanix, Ethereum, Linea, Mantle, Fimitism, Sonic and ZKsync.
This announcement highlighted that bringing the US government data to the series “opens the innovative use of Blockchain”, such as automatic trading strategies, increasing cost capacity for distinctive assets, issuing new types of digital assets, actual time -time prediction markets, and transparent circular units supported by unsupported data.
“Given the Oracle Standard Industry platform, Chainlink supports one of the largest ecosystems in Web3, as it takes advantage of safe data to create advanced Onchain applications-which makes this action a natural step forward in expanding the available reliable data available.”
Earlier this week, US Secretary of Trade Howard Lootnick open The document “will start to issue his statistics on Blockchain”, adding that the goal is to create a more open and accessible framework for global markets.
Lutnick shared its plan to bring GDP (GDP) to the series to enhance transparency and distribute data throughout the United States government. He also highlighted that the initiative is in line with President Trump’s vision to make America “the capital of encryption in the world.”
Institutional adoption of Blockchain technology
This development follows the last batch of Blockchain technology into federal institutions. As mentioned by Bittin, the US House of Representatives Pass A draft law in June to create a Blockchain publishing program, with the aim of developing best practices and exploring Blockchain’s dependence in multiple fields.
It was presented in February by Republican Republican Cammack, HR 1664, also known as the American Publishing Law in 2025, to the US Secretary of Commerce to lead national efforts, and requires him to serve as the main adviser to the president in this classification.
The draft law, which is participating in its sponsorship of the Democratic Representative Darren Soto, explains that the Minister of Commerce must encourage and improve coordination between federal agencies to publish these technologies to provide federal support.
It should be noted that Sainlink Labs has also met many US government officials and organizers to present politics Recommendations It aims to accelerate the growth of the Blockchain industry.
It is worth noting that their team held several meetings with the employees of the Securities and Stock Exchange Committee (SEC) to address the basic issues in the mediator and comply with the Transport Agency using Blockchain’s general infrastructure.
Moreover, the founder of Chainlink, Sergei Nazarov, recently met with Tim Scott, Chairman of the Senate Banking Committee, to Discuss The very expected market structure bill and how the rapid growth of the Blockchain industry can enable the United States.
Chianlink's performance in the one-week chart. Source: LINKUSDT on TradingView
Distinctive photo of Unsplash.com, Chart from Tradingview.com
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