The government has quietly been testing blockchain technology for benefits payments

The government has quietly been testing out blockchain technology to make benefit payments, it has been revealed.

The department of work and pensions (DWP) has worked with Barclays, Npower, University College London and a UK-based distributed ledger platform startup called GovCoin to create an app which tracks spending.

“Claimants are using an app on their phones through which they are receiving and spending their benefit payments. With their consent, their transactions are being recorded on a distributed ledger to support their financial management,” said welfare reform minister Lord Freud at a payments conference earlier this week.

read more: http://www.cityam.com/245128/government-has-quietly-been-testing-blockchain-technology

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2 thoughts on “The government has quietly been testing blockchain technology for benefits payments

  1. This is an absolute disgrace! Wonder what they would do if you didn’t have a mobile ‘phone or computer? After all, not many poor can actually afford these luxury items.

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