The post Validator Publishes U.S. GDP Data on XRP Ledger, Explains Why the Government Did Not Pick XRP appeared on BitcoinEthereumNews.com.

An XRP Ledger (XRPL) validator has shown that the network can easily manage the same task the U.S. Department of Commerce recently carried out on other blockchains. Vet, an XRPL dUNL validator, showed that publishing official economic data on-chain is possible on the XRPL in a simple and low-cost manner. This has further raised questions about why the U.S. government excluded the XRP Ledger from its recent initiative. US Commerce Department Adopts Blockchain For context, the Commerce Department recently announced that it had begun publishing key economic data, starting with GDP figures, directly on public blockchains.  – Advertisement – Officials called the move a proof-of-concept to make government data more transparent and trustworthy. For its trial run, the department released a cryptographic hash of the GDP report across nine blockchains: Bitcoin, Ethereum, Solana, TRON, Stellar, Avalanche, Arbitrum One, Polygon PoS, and Optimism.  The report also remains available in its usual formats, such as PDFs, but blockchain technology now makes it more secure and immutable. The recent development triggered excitement within crypto circles, as it pointed to growing public adoption of blockchain. Validator Publishes US GDP Data on the XRPL However, some XRP proponents noticed that the XRPL was not part of the list, even though it has proven to be a trustworthy destination for low-cost and efficient data storage and transactions. Most insisted that the XRPL could actually handle the task. Interestingly, to prove that the omission had little to do with capability, Vet recreated the government’s method on XRPL.  He stored the SHA256 hash of the GDP report in two different ways: once as a memo within a transaction, similar to Bitcoin’s approach, and once inside a non-fungible token (NFT) that included both the hash and a link to the original file.  1) GDP PDF Hash in memo transaction…

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Filed under: News - @ August 29, 2025 6:29 pm