BIS shows why real institutional adoption on XRP Ledger won’t trigger the XRP supply squeeze holders expect

The Bank for International Settlements released a working paper on Sept. 2 describing a prototype for checking the authenticity of official statistics. The system turns a statistical file into a cryptographic fingerprint, anchors a summary of those fingerprints on XRP Ledger, and lets a recipient compare the file with the public record.The result creates a split verdict for XRP. The prototype gives XRPL a credible institutional-style use case, while its batching design keeps the direct fee-burn pathway mechanically small. One ledger transaction can represent thousands of datasets, so useful activity can scale much faster than the number of transactions consuming XRP.The research first appeared online through SAGE on Aug. 1; Sept. 2 marks its release as BIS Working Paper 1374. The paper presents the authors' views and says its references to firms and projects are illustrative. Its implementation remains an experimental XRPL DevNet proof of concept, and the reviewed sources disclose no commercial relationship with Ripple.How the authentication system worksOfficial statistics commonly travel in SDMX, a standard for exchanging statistical data and metadata. The prototype normalizes an ...