this post was submitted on 29 Aug 2025
120 points (94.8% liked)

Technology

74763 readers
4400 users here now

This is a most excellent place for technology news and articles.

Our Rules

  1. Follow the lemmy.world rules.
  2. Only tech related news or articles.
  3. Be excellent to each other!
  4. Mod approved content bots can post up to 10 articles per day.
  5. Threads asking for personal tech support may be deleted.
  6. Politics threads may be removed.
  7. No memes allowed as posts, OK to post as comments.
  8. Only approved bots from the list below, this includes using AI responses and summaries. To ask if your bot can be added please contact a mod.
  9. Check for duplicates before posting, duplicates may be removed
  10. Accounts 7 days and younger will have their posts automatically removed.

Approved Bots

founded 2 years ago
MODERATORS
L3s@lemmy.world
enu@lemmy.world
technopagan@lemmy.world
L4s@lemmy.world
L3s@hackingne.ws
L4s@hackingne.ws
120
U.S. Government Starts Pushing Economic Data Onto Blockchains as 'Proof of Concept' (www.coindesk.com)
submitted 6 days ago by technocrit@lemmy.dbzer0.com to c/technology@lemmy.world
21 comments fedilink hide all child comments
 

The U.S. Department of Commerce said it issued its gross domestic product data via nine blockchains, including Bitcoin, Ethereum and other crypto-world pathways.

archive: https://archive.ph/RDgRJ

you are viewing a single comment's thread
view the rest of the comments
[–] towerful@programming.dev 6 points 6 days ago* (last edited 6 days ago) (1 children)

Yes. I was laying on the sarcasm heavily.
I presume that's what these oracle services provide.
Essentially hosts the us governments GDP NFT, so you can right click and download it just like every NFT crypto bro hates you doing.
Whether its actually the US Government hosting the file, or these oracle services hosting it... It doesn't matter.

Why not just host the files on a government website with appropriate file hashes (so users can verify the file is still the same), let the internet archive and the national archives take a snapshots of the files and pages and hashes etc... ? That's a well regarded site archival system, and the governmental archival system. Has redundancy, pedigree and public acceptance.
Fuck it, publish just the hash on some block chains so the "fingerprint" of the report is immutable. But call it what it is.

The report isn't "published on the Blockchain".
It is linked from some blockchains.
There is still a file hosted by some servers.
You can't download your favourite blockchain, take it to the top of Mount Rushmore with no internet and inspect the US GDP figures without first downloading the file linked in the block chain.

Blockchain oracles are entities that connect blockchains to external systems, allowing smart contracts to execute depending on real-world inputs and outputs. Oracles give the Web 3.0 ecosystem a method to connect to existing legacy systems, data sources and advanced calculations.

https://cointelegraph.com/learn/articles/what-is-a-blockchain-oracle-and-how-does-it-work

[–] Corkyskog@sh.itjust.works 1 points 6 days ago (1 children)

Who is getting the contract for this waste of money?

[–] BarneyPiccolo@lemmy.today 0 points 5 days ago

Whoever paid the biggest bribe.