BIS working paper proposes anchoring official statistics to XRP Ledger in proof of concept

The Bank for International Settlements published a working paper this month presenting a proof of concept for publishing official statistics with cryptographic proof of integrity by anchoring data fingerprints to the XRP Ledger. The system reportedly achieves 3-5 second latency and was implemented on the XRPL as an example.

Detected & updated continuously · Source: Nebula

Sources

@BSCNews

BIS working paper anchors official statistics to the XRP Ledger in a proof of concept A Bank for International Settlements (@BIS_org) working paper published this month sets out a system for publishing official statistics with cryptographic proof of integrity, using the XRP https://t.co/OczFDErQX8

@blckchaindaily

🚨 BIS WORKING PAPER PROPOSES ANCHORING OFFICIAL STATISTICS TO XRP LEDGER WITH CRYPTOGRAPHIC INTEGRITY PROOF, LATENCY OF 3-5 SECONDS

@allthemoney

BIS Builds and Tests System Anchoring Government Banking Data on the XRP Ledger https://t.co/5okrgoSWlw via @Genfinity

@RippleXity

🚨 JUST IN: BIS presents a proof of concept implemented on the $XRP Ledger.

@sentosumosaba

The BIS tested a way to prove official numbers weren’t tampered with. They stamped a fingerprint of the file on the open source public XRP Ledger. Nice technology demo.​​​​​​​​​​​​​​​​​​​https://t.co/Na0yxgDZ8S https://t.co/hAvxwYP1bK

@allthemoney

6 hours ago 👇👀 @BIS_org We present a proof of concept implemented on the XRP Ledger (XRPL) and contribute, as an integrated whole, (i) an SDMx native canonicalisation and per- hashing pipeline; (ii) a domain-separated Merkle aggregation scheme for batched anchoring; (iii) a

@ScamDetective5

Lie to them until they believe it. The BIS is doing absolutely nothing with XRP. They have adopted SDMx for publishing economic statistics and used the XRPL as an example to show the proof of concept for binding the data to a blockchain. Don’t let the influencers lie to you. https://t.co/Ue1376Q7Re

@RipBullWinkle

BIS researchers used the $XRP Ledger as an example in a proof-of-concept paper on verifiable statistics When BIS researchers needed a blockchain to demonstrate verifiable statistics, they didn't pick Bitcoin, they didn't pick Ethereum — they picked the XRP Ledger. https://t.co/O5nJJq9gEE

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