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”