Blockchain and benefits

  • That is because the trial involves the payment of benefits and could conceivably involve very sensitive data being made public – or at least that’s the concern of some critics.
  • Earlier this year the government’s chief scientific advisor Mark Walport wrote a report on blockchain – or distributed ledger technology – which was enthusiastic about its potential to produce “disruptive innovations that could transform the delivery of public and private services and enhance productivity through a wide range of applications.”
  • He recommended that the government should back trials of the technology while also looking carefully at the security and privacy implications of using it.
  • He also has a theory that the trial – though billed as a way for claimants to manage their money better – could also be “a potentially efficient way for DWP to restrict, audit and control exactly what each benefits payment is actually spent on, without the government being perceived as a big brother”.
  • “This trial is designed to explore how distributed ledger technology could help support financial inclusion and offer budgeting help, and it does not place any restrictions or limits on what a claimant can spend their welfare payments on, nor tracks how they spend them.”

The UK government faces controversy over an app that tracks how benefit claimants spend their money.
Continue reading “Blockchain and benefits”

Blockchain and benefits

  • That is because the trial involves the payment of benefits and could conceivably involve very sensitive data being made public – or at least that’s the concern of some critics.
  • Earlier this year the government’s chief scientific advisor Mark Walport wrote a report on blockchain – or distributed ledger technology – which was enthusiastic about its potential to produce “disruptive innovations that could transform the delivery of public and private services and enhance productivity through a wide range of applications.”
  • He recommended that the government should back trials of the technology while also looking carefully at the security and privacy implications of using it.
  • He also has a theory that the trial – though billed as a way for claimants to manage their money better – could also be “a potentially efficient way for DWP to restrict, audit and control exactly what each benefits payment is actually spent on, without the government being perceived as a big brother”.
  • “This trial is designed to explore how distributed ledger technology could help support financial inclusion and offer budgeting help, and it does not place any restrictions or limits on what a claimant can spend their welfare payments on, nor tracks how they spend them.”

The UK government faces controversy over an app that tracks how benefit claimants spend their money.
Continue reading “Blockchain and benefits”

Blockchain and benefits

  • The government has quietly launched a bold experiment using the technology behind the virtual currency Bitcoin – and, if anybody notices, it could prove hugely controversial.
  • One recently departed member of the Government Digital Service told me of his amazement that this trial was being allowed to go ahead.
  • It seems there is also concern in Whitehall about the process by which this trial came to be approved.
  • But the worry now is that if the first trials go down the wrong path, then public trust in the technology could be irredeemably damaged.
  • Their concern is that the payment of benefits is not the right place to start this journey of blockchain exploration.

The UK government faces controversy over an app that tracks how benefit claimants spend their money.
Continue reading “Blockchain and benefits”

Anti-establishment wave to help push blockchain into real world in 2017

  • It has attracted those who distrust established authority, such as the central banks that issue traditional currencies.
  • On Tuesday, Mercedes confirmed Lowe’s departure from the team in a release.
  • Williamson said countries were looking at using blockchain for improving transparency and accountability in public services.
  • 5-Star plans to propose a law in the Lazio region this month forcing the local government to use blockchain in streamlining and bringing greater transparency to some of its activities, according to a draft seen by Reuters.
  • Mercedes confirms Paddy Lowe’s departure from team

LONDON/NEW YORK (Reuters) – A wave of anti-establishment sentiment sweeping the Western world is likely to help push blockchain – the technology that gave birth to the renegade digital currency bitcoin – out of cyberspace and into the real world in 2017. Blockchain, which allows the web-based currency
Continue reading “Anti-establishment wave to help push blockchain into real world in 2017”

Anti-establishment wave to help push blockchain into real world in 2017

Anti-establishment wave to help push #blockchain into real world in 2017

  • It has attracted those who distrust established authority, such as the central banks that issue traditional currencies.
  • Trump has also chosen Goldman Sachs president Gary Cohn, whose bank has invested in blockchain, as director of the National Economic Council.
  • A US warship fired warning shots at the weekend at four Iranian Revolutionary Guard vessels that approached it at high speed in the Strait of Hormuz, US defense officials said Monday.
  • 5-Star plans to propose a law in the Lazio region this month forcing the local government to use blockchain in streamlining and bringing greater transparency to some of its activities, according to a draft seen by Reuters.
  • Meryl Streep, one of the most over-rated actresses in Hollywood, doesn’t know me but attacked last night at the Golden Globes,” Trump tweeted, noting that Streep had campaigned for his Democratic rival, Hillary Clinton. “

LONDON/NEW YORK (Reuters) – A wave of anti-establishment sentiment sweeping the Western world is likely to help push blockchain – the technology that gave birth to the renegade digital currency bitcoin – out of cyberspace and into the real world in 2017. Blockchain, which allows the web-based currency
Continue reading “Anti-establishment wave to help push blockchain into real world in 2017”

Blockchain and benefits

  • The government has quietly launched a bold experiment using the technology behind the virtual currency Bitcoin – and, if anybody notices, it could prove hugely controversial.
  • One recently departed member of the Government Digital Service told me of his amazement that this trial was being allowed to go ahead.
  • It seems there is also concern in Whitehall about the process by which this trial came to be approved.
  • But the worry now is that if the first trials go down the wrong path, then public trust in the technology could be irredeemably damaged.
  • Their concern is that the payment of benefits is not the right place to start this journey of blockchain exploration.

The UK government faces controversy over an app that tracks how benefit claimants spend their money.
Continue reading “Blockchain and benefits”

Blockchain and benefits

#blockchain and benefits - a dangerous mix? - BBC News

  • The government has quietly launched a bold experiment using the technology behind the virtual currency Bitcoin – and, if anybody notices, it could prove hugely controversial.
  • Image copyright Thinkstock Image caption The government says it will not use the app to keep a record of who spent what
  • But the worry now is that if the first trials go down the wrong path, then public trust in the technology could be irredeemably damaged.
  • One recently departed member of the Government Digital Service told me of his amazement that this trial was being allowed to go ahead.
  • It seems there is also concern in Whitehall about the process by which this trial came to be approved.

Read the full article, click here.


@bitcoinagile: “#blockchain and benefits – a dangerous mix? – BBC News”


The UK government faces controversy over an app that tracks how benefit claimants spend their money.


Blockchain and benefits