BIS2026-09-04 13:05:57BIS outlines XRPL-based method to verify official statistics and detect tamperingThe Bank for International Settlements has published Working Paper 1374, describing a technical method that uses the XRP Ledger, or XRPL, to verify the source and integrity of official statistical data. Under the proposal, cryptographic fingerprints are created for SDMX datasets, while only summary values for data batches are written to XRPL. The underlying raw data is not stored on-chain. The paper says users could confirm both the publisher’s identity and whether the data has been altered by using digitally signed credentials together with a single on-chain query. In prototype testing, publishing data took about 3 to 5 seconds, while verification took around 1 to 2 seconds. The BIS also noted that the system remains at the proof-of-concept stage and has not been deployed in a production environment.870
BIS2026-09-04 13:06:54BIS paper proposes XRPL-based system to verify official statisticsThe Bank for International Settlements has published Working Paper 1374, outlining a technical approach that uses the XRP Ledger, or XRPL, to verify the source and integrity of official statistical data. Under the proposal, cryptographic fingerprints would be generated for SDMX datasets, while summary values for batches of data would be recorded on XRPL. The original data itself would not be stored on-chain. Users would then be able to check the identity of the data publisher and confirm whether the data had been altered by combining digital signature credentials with a single on-chain query. Prototype testing cited in the paper showed publication times of about 3 to 5 seconds and verification times of about 1 to 2 seconds. The paper also makes clear that the system remains at the proof-of-concept stage and has not been deployed in a production environment.910
