BIS Working Paper No. 1374 Tests XRPL for Data Integrity
BIS paper describes anchoring official statistics fingerprints on the XRP Ledger in a proof-of-concept with 3-5 second publication times.
The Bank for International Settlements published Working Paper No. 1374 on September 2 that describes a proof-of-concept for anchoring cryptographic integrity of official economic statistics on the XRP Ledger.
Technical approach
Researchers compressed dataset fingerprints into a Merkle root and recorded it on XRPL through a public DevNet node. The paper notes median publication times of 3–5 seconds and verification times of 1–2 seconds.
Problem addressed
The work targets the lack of native cryptographic integrity checks in the SDMX standard used by official statistical institutions.
Open questions
The paper does not state scale, adoption timeline, or any production deployment plans. No market or price impact is attributed.