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BIS tests XRP Ledger to verify official economic data authenticity using blockchain.

Protocol Fundamentals
02 Sep 2026
UToday
View Source
Bullish
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The Bank for International Settlements (BIS) has conducted a proof of concept using the XRP Ledger blockchain to verify the authenticity of official economic statistics. By recording cryptographic fingerprints of datasets on the XRP Ledger, the BIS aims to create a permanent, tamper-proof record that confirms whether published data has been altered. This system leverages the ledger's low transaction costs and fast confirmation times, achieving verification within seconds. While still experimental, this use case highlights a novel application for the XRP Ledger beyond typical cryptocurrency functions.

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