BIS Proposes Blockchain-Based Verification for Official Statistics

The Bank for International Settlements (BIS) released a working paper detailing a scheme to verify official statistics using the XRP Ledger. By anchoring cryptographic fingerprints of SDMX datasets to the blockchain, the system ensures data integrity and origin without compromising confidentiality. Prototype tests indicate minimal latency, and the framework allows for future integration with zero-knowledge proofs and AI-driven verification.