The US government announced on Tuesday that it is publishing economic data onchain to boost transparency for government spending.
The US government has tapped Chainlink and Pyth, two blockchain oracle providers, to publish economic data onchain.
Chainlink was selected to provide data feeds from the Bureau of Economic Analysis (BEA), and will publish additional data feeds in response to consumer demand or at the behest of the US government, a Chainlink spokesperson told Cointelegraph.
These feeds include real gross domestic product (GDP), Personal Consumption Expenditures (PCE) price index, and real final sales to private domestic purchasers, the company said.
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