Bank for International Settlements Proposes XRPL-Based Solution for Statistical Data Verification

The Bank for International Settlements (BIS) has released Working Paper 1374, introducing a technical framework that utilizes the XRP Ledger (XRPL) to verify the authenticity and integrity of official statistical data. The system generates cryptographic fingerprints for SDMX datasets and records summary values on the XRPL, ensuring that raw data remains off-chain. Users can verify the publisher's identity and check for data tampering through digital signatures and a single on-chain query. Prototype testing indicates that data publication takes approximately