U.S. Commerce Secretary Howard Lutnick announced Tuesday that his department will begin issuing economic data “on the blockchain” in the Trump administration’s latest overture to the crypto industry. “The Department of Commerce is going to start issuing its statistics on the blockchain, because you are the crypto president,” Lutnick told a nodding President Donald Trump during a cabinet meeting Tuesday afternoon. Lutnick elaborated that his department plans to issue GDP data “on the blockchain so people can use the blockchain for data distribution.” He said the initiative will soon be made available to “the entire government.” What does that mean exactly? Nobody really knows yet. It’s unclear, for example, which blockchain network Lutnick plans to use to store these government statistics or how doing so will help the Commerce Department or other state agencies accomplish their goals.

Full report : President Trump’s administration reveals plans to put Department of Commerce data on the blockchain.