US Ministry of Trade cooperates with Chainlink: Macroeconomic data from BEA now available onchain!

US Ministry of Trade cooperates with Chainlink: Macroeconomic data from BEA now available onchain!

US Ministry of Trade cooperates with Chainlink for on-Chain macrodata

The US Ministry of Trade (Department of Commerce, Doc) has closed an important partnership with Chainlink to make macroeconomic data from the Bureau of Economic Analysis (BEA) available on the blockchain. This initiative aims to create greater transparency and accessibility of economic data and at the same time increase the efficiency of data transactions.

By integrating the BEA data into the Chainlink platform, various actors, including companies, researchers and developers, can access important macroeconomic indicators in real time. This could potentially promote analysis and understanding of economic trends and help users make informed decisions.

The use of blockchain technology enables data to be stored unchangeable and transparently, which strengthens trust in the information provided. This development is a step towards a digital future in which data can be handled safely and efficiently.

Overall, the cooperation between the US Ministry of Trade and Chainlink represents an important step to make public economic data accessible to a broader public and to revolutionize the way such information is recorded and used.