BIS Tests XRP Ledger for Official Statistics Verification

The Bank for International Settlements (BIS) has published a working paper examining the use of the XRP Ledger to verify official statistics on a blockchain-based system. The proof-of-concept study tested the feasibility of anchoring official statistics on-chain using the XRP Ledger. The paper found that the XRP Ledger can securely and efficiently verify official statistics, making it a viable option for on-chain data anchoring. This could provide a tamper-proof and transparent way to record and verify official statistics.