According to Breaking News, the popular Altcoins ChainLink (Link) and Pyth have partnered with the US Department of Commerce to provide macroeconomic data in the chain.
ChainLink has announced that it will work with the US Department of Commerce (DOC) to produce macroeconomic data from the Bureau of Economic Analysis (BEA), available on-chain, including real GDP, PCE price index and final sales to domestic private buyers.
“We look forward to announce that Chainlink and the US Department of Commerce are working together to provide government macroeconomic data in chains.
This new partnership and chain link data feed feature safely provides important on-chain information on key US economic data, including real gross domestic production (GDP), personal consumption expenditure (PCE) price index, and actual final sales to private domestic buyers.
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It was also said that the Pyth network was selected by the US Department of Commerce to validate and distribute economic data over the chain.
The statement included: “The US government officially has moved economic data in chains, and this historic initiative has been made possible through the Pyth network.
After months of close work with the US Department of Commerce and Secretary of Commerce Howard Lutnick, Piss is honored to be selected as a key component of this initiative.
This undoubtedly represents a critical step in the adoption of decentralized infrastructures by the public sector, demonstrating a national verification of Pyth’s role as a reliable provider of secure, transparent, verifiable data to the blockchain ecosystem. ”
The US is said to be considering displaying data on nine blockchains.
Following the news, the prices of Link and Piss rose
*This is not investment advice.
