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The US Minister of Trade will publish economic data, including GDP, directly on the blockchain. The aim of the initiative, which was presented in the White House with Donald Trump, is to strengthen the trust and experience with the blockchain in public administration.
In short
- The United States will publish its data on blockchain GDP in order to strengthen transparency and confidence in official statistics.
- This initiative is inspired by international experience and its aim is to build Washington as the leader of the government’s use of the government.
- If technology guarantees data integrity, it will not solve the question of their accuracy, always politically questionable.
When technology becomes a tool of management
The use of blockchain by government is not new. Estonia has prepared a journey in 2016 by ensuring its medical records thanks to KSI blockchain.
Today, this system has become the backbone of its digital identity infrastructure. The European Union has launched the EBSI initiative, the Cross -borter project, which was to offer a reliable and decentralized public service.
Singapore and Australia also experienced this technology, which streamlined international trade in 2021, while California digitized more than 42 million vehicles through an avalanche in 2024.
These initiatives show that blockchain is no longer a simple playground for crypts, but potential architecture for modern states.
The United States, inspired by these models, is not only looking for innovation, but also continuing to lead in the area where Europe and Asia have taken the lead.
Transparency or illusion? Limits of the Infalcial Registry
However, this initiative raises a fundamental question: the data published on the blockchain remain as reliable as its source. In other words, if you notice a distorted GDP value, the technology retains the error without repairing it. It guarantees the integrity of the storage and the traceability of the diffusion, but not the accuracy.
The current political context strengthens this problem. Donald Trump publicly questioned several recent economic reports and went so far that in August he rejected the Commissioner of the Office for Labor Statistics and accused him of manipulating data. In this climate, blockchain becomes a paradoxical tool that shows the transparency of data whose objectivity remains questionable.
Thus, this approach in the United States may be perceived as an attempt to regain public and market confidence, but also risk that it supports the debate on the politicization of economic statistics.
Has she increased with blockchain towards management?
The American decision is a symbolic step. It shows that blockchain is no longer limited to start -ups or technical giants, but now entering the heart of institutions. If the experience succeeded, it could expand to other sensitive areas: census, taxation, even election results.
However, technology will never replace the need for honest administration and strict statistical methodology. Blockchain is a powerful tool, but remains a mirror: it reflects the quality of registered data.
By deciding to place GDP on the blockchain, the United States is not satisfied with experimenting with technology, redefine the relationship between transparency, confidence and power. Meanwhile, the capacity of the market crypto is $ 3,800 billion, which is soon more than British GDP.
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Evariste, fascinated by Bitcoin since 2017, has not stopped documenting on this topic. If his first interest focused on trading, he now tries to actively understand all cryptocurrency progress. As an editor, he tries to permanently provide high quality work that reflects the condition of the sector as a whole.
Renunciation
The words and opinions expressed in this article are involved only by their author and should not be considered investment counseling. Do your own research before any investment decision.