Major Surprise! U.S. Department of Commerce Officially Using Blockchain to Track GDP: Who Made the List?

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The world of cryptocurrency and blockchain technology is increasingly asserting its position, not just limited to financial transactions or NFTs. Recently, an extremely noteworthy piece of information has shaken the community: the U.S. Department of Commerce has officially begun using blockchain technology to track Gross Domestic Product (GDP) data – one of the most important macroeconomic indicators!

This is not just a small step but a major boost, demonstrating the reliability and wide-ranging application potential of blockchain in traditional economic systems. So, which blockchains had the honor of “making an appearance” on this list?

U.S. Department of Commerce Names 9 “Top-Tier” Blockchains

According to a direct announcement on its official website, the U.S. Department of Commerce has publicly disclosed a list of 9 blockchains used to provide GDP data. This demonstrates the transparency and seriousness of a leading government agency in integrating new technology.

The blockchains directly named by the U.S. Department of Commerce include:

  • Bitcoin
  • Ethereum
  • Solana
  • TRON
  • Stellar
  • Avalanche
  • Arbitrum
  • Polygon
  • Optimism

The presence of Bitcoin and Ethereum – the two pioneering “giants” – is understandable. However, the recognition of other blockchains like Solana, TRON, Stellar, or Layer 2 solutions such as Arbitrum, Polygon, and Optimism, highlights the diversity and potential of the entire ecosystem.

What’s Different About Chainlink’s List?

Meanwhile, Chainlink – the world’s leading decentralized oracle network, acting as a data bridge between blockchains and the real world – has also announced a list of blockchains it supports in providing macroeconomic data to the U.S. Department of Commerce. Chainlink’s list has some notable differences, totaling 10 blockchains:

  • Arbitrum
  • Avalanche
  • Base
  • Botanix
  • Ethereum
  • Linea
  • Mantle
  • Optimism
  • Sonic
  • ZKsync

It can be seen that some major names like Bitcoin, Solana, TRON, and Stellar do not appear on Chainlink’s list. Instead, it features Layer 2 projects and other emerging blockchains such as Base, Botanix, Linea, Mantle, Sonic, and ZKsync. This indicates the dynamism of the market and may reflect different approaches to data collection and validation.

The Deeper Meaning of This Event

Despite the minor differences between the two lists, the most important message this event conveys is: Blockchain technology has transcended the boundaries of a financial phenomenon to become an indispensable part of government data infrastructure.

  • Credibility Validation: The use of blockchain by a high-level agency like the U.S. Department of Commerce is a strong validation of this technology’s reliability, security, and efficiency.
  • Data Transparency: Blockchain has the potential to bring unprecedented transparency to economic data, making auditing easier and minimizing errors.
  • Ushering in a New Era: This could be the starting point for other government agencies worldwide and traditional industries to adopt blockchain into their operational processes.

This event once again confirms that, whether it’s Bitcoin, Ethereum, or promising Layer 2 projects, the biggest names in the blockchain space are truly making their mark and shaping the future of the global economy. Let’s look forward to the next groundbreaking developments!

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