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Benzinga
Benzinga
Business
Murtuza J Merchant

Chainlink To Deliver US Commerce Department Economic Data On-Chain For Smart Contract Use

Chainlink Link United States BEA the Bureau of Economic Analysis GDP Crypto Inflation
Chainlink,Link,Cryptocurrency,Physical,Coin,Placed,On,Reflective,Surface,With

Chainlink (CRYPTO: LINK) on Friday announced a collaboration with the U.S. Department of Commerce to deliver official macroeconomic data from the Bureau of Economic Analysis (BEA) directly on-chain, enabling smart contracts and decentralized applications to integrate trusted government statistics such as GDP and inflation data.

What Happened: The new Chainlink Data Feeds will distribute six BEA metrics, including real GDP levels, quarter-over-quarter GDP growth rates, the Personal Consumption Expenditures (PCE) Price Index, and Real Final Sales to Private Domestic Purchasers.

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