UK sees use of blockchain as nonviable for welfare and benefits system
The UK parliament faces an increasing number of questions concerning cryptocurrencies and the technology behind them. The stance of the UK officials, however, remains cautious.
On Thursday, June 7, 2018, Kit Malthouse, Conservative MP of the House of Commons, had to respond to a question asked earlier by Martin Docherty-Hughes ( of West Dunbartonshire) about the potential applications of blockchain. He asked the Secretary of State for Work and Pensions, what recommendations were made to her Department as a result of the trials that GovCoin undertook on the use of blockchain technology for the welfare and benefits system; and whether the findings of those trails will be published.
Kit Malthouse answered: “In 2016, DWP ran a trial proof of concept on a small scale and the findings concluded that it was not viable due to limited take up potential and the expenses it would incur. No other companies were involved in the trial and no benefit or personal data was shared with GovCoin (DISC) on claimants”.
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