Haciyev Reşit 
The United States has taken an important step to enhance economic transparency and data reliability. The U.S. Department of Commerce has begun collaborating with Chainlink and Pyth Network to integrate its macroeconomic data onto the blockchain.
This innovative initiative aims to eliminate the possibility of data manipulation while ensuring transparent public access. Data stored on the blockchain will be immutable, verifiable, and openly accessible to everyone.
The Role of Chainlink and Pyth Network
Chainlink, one of the leading oracle networks providing reliable data transfer on the blockchain, plays a critical role in the project. At the same time, the Department of Commerce selected Pyth Network to validate and distribute economic data on-chain. Through these two robust infrastructures, government data will be securely transmitted to the blockchain.
Market Reaction
Following the announcement, the price of Chainlink (LINK) rose by about 5%, fueled by growing investor interest and positive market sentiment. Experts note that blockchain-based data transparency could support LINK’s long-term value.
Pyth Network announced that it is providing services to the U.S. Department of Commerce in the field of economic data verification. Following this development, PYTH surged by 16%.
Global Impact
Experts suggest that this move could set a new global standard not only for U.S. economic data management but also internationally. Transferring economic data to the blockchain increases investor confidence and enables more accurate comparisons.
This strategic initiative by the U.S. demonstrates that blockchain technology is being effectively applied beyond financial systems, extending into public governance.
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