The US Department of Commerce has confirmed a partnership with blockchain firm Chainlink to put official economic data on-chain. Secretary Howard Lutnick hinted earlier in the week at plans to modernize federal reporting. Today, the announcement makes it clear the project is already moving forward.

This development has stirred both optimism and questions. Investors reacted immediately, with Chainlink’s native token, LINK, recording a sharp jump in value. At the same time, confusion remains over which other blockchains will be part of the program. 

Chainlink to Record Key US Indicators

Earlier today, Chainlink confirmed that it has entered into a partnership with the US Department of Commerce. Through this partnership, Chainlink will publish core economic indicators directly onto blockchain infrastructure. The list includes Real GDP, the PCE Price Index, and Real Final Sales to Private Domestic Purchasers. 

We're excited to announce that Chainlink and the United States Department of Commerce (@CommerceGov) have worked together to bring U.S. government macroeconomic data onchain.https://t.co/qHIw8DyEgX

These new Chainlink Data Feeds securely deliver critical information around key…

— Chainlink (@chainlink) August 28, 2025

The announcement came after initial skepticism when Secretary Lutnick outlined his vision for blockchain-based reporting. According to officials, the goal is to provide transparent and tamper-resistant economic reporting that investors, policymakers, and analysts can access in real time. 

Chainlink’s focus on regulatory compliance, made it well-positioned for this role. The company has entered into several partnerships to connect blockchains to traditional finance. Its capability to comply with federal standards assisted it to gain an early spot in the rollout of the US Department of Commerce.

Furthermore, the news has sparked optimism across Chainlink investors. This has resulted in a 3% surge in the price of LINK which now trades at $25.16, as per data by Coingecko.

Multiple Blockchains Expected to Join in Bringing US Department of Commerce’s Data On-chain

Although Chainlink confirmed its involvement, other blockchains could also feature in bringing the data of the US Commerce Department on-chain. According to a recent Bloomberg report, nine blockchains are in line, possibly including Bitcoin, Ethereum and Solana. 

While spreading the workload across several networks might avoid bottlenecks and increase security, analysts remain split on the logic of the multi-chain approach. Nonetheless, some market watchers believe blockchain could act as a safeguard if trust in government reporting erodes.

By using transparent, open-source infrastructure, the US Department of Commerce argues that economic figures cannot be altered after release:

For now, Chainlink’s early participation has put it at the center of a historic experiment. As the US Department of Commerce confirms the full list of partners, markets will closely track whether this initiative restores credibility, or creates new debates about how economic data should be delivered.