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

  • 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”

LATTICE80, the World’s Largest Fintech Hub to be Launched in Singapore

  • LATTICE80, the World’s Largest Fintech Hub to be Launched in Singapore
  • LATTICE80 has been working closely with the Monetary Authority of Singapore (MAS) **
  • SINGAPORE, Sept. 21, 2016 /PRNewswire/ — Marvelstone Group is set to launch the world’s largest Fintech Hub (over 30,000 sq ft) in early November.
  • ** A not-for-profit initiative led by Marvelstone Group
  • Financial technology is one of the most important components of a Smart Nation, and can serve to power further innovation.

SINGAPORE, Sept. 21, 2016 /PRNewswire/ — Marvelstone Group is set to launch the world’s largest Fintech Hub (over 30,000 sq ft) in early November. LATTICE80 is located in the Central Business District (CBD), close to the key financial institutions, stock exchange and the regulators – the same institutions
Continue reading “LATTICE80, the World’s Largest Fintech Hub to be Launched in Singapore”

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

Blockchain and benefits

Moving government benefits to the #blockchain is exciting, but could also be dangerous:

  • 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
  • One recently departed member of the Government Digital Service told me of his amazement that this trial was being allowed to go ahead.
  • 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.
  • 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.


@sachin_intel: “Moving government benefits to the #blockchain is exciting, but could also be dangerous:”


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


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.
  • Image copyright Thinkstock Image caption The government says it will not use the app to keep a record of who spent what
  • One recently departed member of the Government Digital Service told me of his amazement that this trial was being allowed to go ahead.
  • 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.
  • But the news sounded alarm bells amongst some of those who have been involved in framing the government’s technology policies.

Read the full article, click here.


@BarryNewWave: “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

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.
  • Image copyright Thinkstock Image caption The government says it will not use the app to keep a record of who spent what
  • One recently departed member of the Government Digital Service told me of his amazement that this trial was being allowed to go ahead.
  • 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.
  • 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.


@mamoru_io: “Blockchain and benefits – a dangerous mix? – BBC News #blockchain #bitcoin”


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


Blockchain and benefits