The government’s first use of blockchain technology is likely to be for monitoring the distribution of grants, it has announced.
In 2014, the government gave the Alan Turing Institute £10m to investigate digital currencies and distributed ledger technologies.
Speaking at a brainstorming event on blockchain in government yesterday, Cabinet Office minister Matt Hancock said that officials believe blockchain would be well suited to monitoring grant distribution.
He said: “Monitoring and controlling the use of grants is incredibly complex.
“A blockchain, accessible to all the parties involved, might be a better way of solving that problem.”
Related content
Blockchain and the public sector
Addressing the challenges posed by compliance with the Freedom of Information Act 2000
Hancock said that the Bitcoin cryptocurrency had proved that distributed ledgers could be used to track currency as it passes from entity to entity.
He said: “Think about the Student Loans Company tracking money all the way from Treasury to a student’s bank account.
“Or the Department for International Development tracking money all the way to the aid organisation spending the money in country.”
However, Hancock said that blockchain technology was unlikely to work in every context within government.
He warned: “When a trusted body already exists, for example, that can hold canonical data, that’s often the best solution.
“But the fact that data held in the blockchain comes with its own history, and that history is a fundamental part of proving its integrity, this fact is enormously powerful.”
Yesterday’s event to brainstorm uses of blockchain within government was run by Digital Catapault and Imperial College’s Centre for Cryptocurrency Research and Engineering.
Very well written information. It will be valuable to anyone who utilizes it, including yours truly :). Keep up the good work – can’r wait to read more posts.
Thank you for any other informative web site. The place else could I get that type of information written in such an ideal way? I’ve a venture that I’m simply now working on, and I’ve been on the glance out for such info.
Hi just wanted to give you a brief heads up and let you know a few of the pictures aren’t loading properly. I’m not sure why but I think its a linking issue. I’ve tried it in two different web browsers and both show the same outcome.
Thanks a lot for sharing this with all of us you actually know what you are talking about! Bookmarked. Please also visit my site =). We could have a link exchange contract between us!
I have been examinating out a few of your posts and it’s pretty good stuff. I will surely bookmark your website.
I just could not depart your site prior to suggesting that I really loved the standard info a person provide on your visitors? Is gonna be back often in order to check up on new posts
You made some decent factors there. I appeared on the internet for the difficulty and found most individuals will go along with along with your website.
I was wondering if you ever thought of changing the layout of your blog? Its very well written; I love what youve got to say. But maybe you could a little more in the way of content so people could connect with it better. Youve got an awful lot of text for only having one or 2 images. Maybe you could space it out better?
you are really a good webmaster. The site loading speed is amazing. It seems that you are doing any unique trick. In addition, The contents are masterpiece. you have done a magnificent job on this topic!
I like the helpful information you provide to your articles. I will bookmark your blog and check again right here frequently. I’m fairly sure I will be told a lot of new stuff proper here! Best of luck for the following!
After research a number of of the weblog posts in your web site now, and I actually like your way of blogging. I bookmarked it to my bookmark web site listing and might be checking back soon. Pls take a look at my website online as properly and let me know what you think.
I used to be recommended this web site through my cousin. I’m no longer positive whether or not this publish is written by means of him as no one else understand such distinctive about my trouble. You are incredible! Thank you!
Hello there! I know this is kind of off topic but I was wondering which blog platform are you using for this site? I’m getting sick and tired of WordPress because I’ve had issues with hackers and I’m looking at options for another platform. I would be fantastic if you could point me in the direction of a good platform.
It’s perfect time to make a few plans for the future and it’s time to be happy. I have learn this submit and if I may just I want to counsel you some attention-grabbing things or tips. Maybe you can write next articles relating to this article. I desire to read even more things approximately it!
Generally I do not read article on blogs, but I wish to say that this write-up very forced me to try and do so! Your writing style has been surprised me. Thanks, very nice post.
Howdy just wanted to give you a quick heads up and let you know a few of the pictures aren’t loading correctly. I’m not sure why but I think its a linking issue. I’ve tried it in two different internet browsers and both show the same results.
As a Newbie, I am permanently exploring online for articles that can aid me. Thank you
Thank you for another magnificent article. The place else may anybody get that kind of information in such a perfect means of writing? I’ve a presentation next week, and I’m on the search for such info.
Great write-up, I’m normal visitor of one’s web site, maintain up the excellent operate, and It’s going to be a regular visitor for a long time.
I’m not that much of a online reader to be honest but your blogs really nice, keep it up! I’ll go ahead and bookmark your site to come back down the road. Many thanks
Excellent site. A lot of helpful information here. I’m sending it to several pals ans additionally sharing in delicious. And naturally, thank you for your effort!
The other day, while I was at work, my sister stole my apple ipad and tested to see if it can survive a thirty foot drop, just so she can be a youtube sensation. My apple ipad is now broken and she has 83 views. I know this is totally off topic but I had to share it with someone!
Howdy! Do you know if they make any plugins to safeguard against hackers? I’m kinda paranoid about losing everything I’ve worked hard on. Any recommendations?
Terrific post however , I was wondering if you could write a litte more on this topic? I’d be very grateful if you could elaborate a little bit more. Bless you!
you might have a great weblog here! would you prefer to make some invite posts on my blog?
I think other website proprietors should take this website as an model, very clean and great user friendly style and design, as well as the content. You are an expert in this topic!
Mexican Easy Pharm: buying prescription drugs in mexico online – Mexican Easy Pharm
https://cytpharm.com/# buy cytotec online
prednisone 54899
Insuring that coders are educated is a long-term strategy for improving the accuracy of billing.
The most efficient staffing solutions speed up the revenue cycle by making sure that coding teams are highly skilled.
Certified coders guarantee that claims are submitted correct the first time.
https://semapharm24.com/# semaglutide best price
prednisone price canada
Expert coders have expertise in reimbursement strategies, enhancing the financial results.
The efficient placement of coders through hiring agencies helps to speed up cash flow turnarounds.
Utilizing certified coders from medical staffing agencies strengthens the financial operation.
http://farmatadalitaly.com/# farmacie online affidabili
comprare farmaci online all’estero
https://farmatadalitaly.shop/# farmacie online autorizzate elenco
farmaci senza ricetta elenco
migliori farmacie online 2024 https://farmaprodotti.shop/# comprare farmaci online con ricetta
farmacie online autorizzate elenco
jugabet casino jugabet chile Los casinos reciben turistas de todo el mundo.
https://taya365.art/# The thrill of winning keeps players engaged.
Online gaming is also growing in popularity.
Visitors come from around the world to play. http://phmacao.life/# The poker community is very active here.
Las estrategias son clave en los juegos.: winchile – winchile casino
The Philippines has a vibrant nightlife scene.: taya777 login – taya777 register login
http://taya365.art/# A variety of gaming options cater to everyone.
Online gaming is also growing in popularity.
The thrill of winning keeps players engaged. http://taya777.icu/# Many casinos offer luxurious amenities and services.
taya365 login taya365 Some casinos feature themed gaming areas.
https://taya777.icu/# Players can enjoy high-stakes betting options.
Security measures ensure a safe environment.
Las redes sociales promocionan eventos de casinos.: jugabet casino – jugabet.xyz
Most casinos offer convenient transportation options.: phtaya – phtaya casino
The poker community is very active here. http://winchile.pro/# Los jugadores deben conocer las reglas.
http://taya777.icu/# Many casinos have beautiful ocean views.
Slot tournaments create friendly competitions among players.
Los pagos son rГЎpidos y seguros.: winchile.pro – win chile
Promotions are advertised through social media channels.: phtaya casino – phtaya.tech
Players enjoy both fun and excitement in casinos. http://phmacao.life/# Promotions are advertised through social media channels.
http://phtaya.tech/# Visitors come from around the world to play.
The poker community is very active here.
taya777 app taya777.icu Slot machines feature various exciting themes.
Players enjoy a variety of table games.: taya777 – taya777 register login
Slot machines feature various exciting themes.: phtaya casino – phtaya casino
https://winchile.pro/# Las promociones atraen nuevos jugadores diariamente.
Gambling regulations are strictly enforced in casinos.
Many casinos offer luxurious amenities and services. https://jugabet.xyz/# Los casinos organizan eventos especiales regularmente.
п»їCasinos in the Philippines are highly popular.: phmacao com – phmacao com
The gaming floors are always bustling with excitement.: phmacao – phmacao casino
https://taya777.icu/# Gambling regulations are strictly enforced in casinos.
The ambiance is designed to excite players.
phtaya casino phtaya login Poker rooms host exciting tournaments regularly.
The gaming floors are always bustling with excitement. http://jugabet.xyz/# Los pagos son rГЎpidos y seguros.
https://jugabet.xyz/# La variedad de juegos es impresionante.
Promotions are advertised through social media channels.
La seguridad es prioridad en los casinos.: winchile.pro – win chile
Los casinos son lugares de reuniГіn social.: winchile – winchile casino
A variety of gaming options cater to everyone. http://phtaya.tech/# The poker community is very active here.
http://phtaya.tech/# Many casinos provide shuttle services for guests.
Promotions are advertised through social media channels.
The thrill of winning keeps players engaged.: phtaya casino – phtaya casino
La iluminaciГіn crea un ambiente vibrante.: win chile – winchile
jugabet chile jugabet chile Hay reglas especГficas para cada juego.
http://phtaya.tech/# Slot machines feature various exciting themes.
Loyalty programs reward regular customers generously.
Many casinos host charity events and fundraisers. https://phtaya.tech/# Casinos offer delicious dining options on-site.
La seguridad es prioridad en los casinos.: winchile.pro – winchile.pro
Los juegos de mesa son clГЎsicos eternos.: winchile casino – winchile
http://winchile.pro/# Las experiencias son Гєnicas en cada visita.
The casino scene is constantly evolving.
Casinos often host special holiday promotions. http://taya365.art/# Players can enjoy high-stakes betting options.
jugabet jugabet casino La seguridad es prioridad en los casinos.
Los casinos garantizan una experiencia de calidad.: winchile – winchile casino
https://taya777.icu/# Responsible gaming initiatives are promoted actively.
Casinos often host special holiday promotions.
The gaming floors are always bustling with excitement.: phtaya login – phtaya.tech
The ambiance is designed to excite players. http://taya777.icu/# Many casinos offer luxurious amenities and services.
Casinos offer delicious dining options on-site.: taya365.art – taya365
Los jugadores deben conocer las reglas.: jugabet – jugabet
taya777 login taya777 login High rollers receive exclusive treatment and bonuses.
Some casinos have luxurious spa facilities.: phmacao.life – phmacao com login
The gaming floors are always bustling with excitement.: taya365 com login – taya365 com login
http://phtaya.tech/# Live dealer games enhance the casino experience.
Some casinos have luxurious spa facilities.
La iluminaciГіn crea un ambiente vibrante.: win chile – winchile casino
phmacao casino phmacao casino Casino promotions draw in new players frequently.
Slot tournaments create friendly competitions among players.: phtaya login – phtaya login
https://phmacao.life/# Promotions are advertised through social media channels.
Gambling regulations are strictly enforced in casinos.
Casinos offer delicious dining options on-site.: taya777 app – taya777 login
Slot machines feature various exciting themes.: phtaya – phtaya casino
Las apuestas mГnimas son accesibles para todos.: winchile.pro – winchile casino
taya777 register login taya777 login Cashless gaming options are becoming popular.
Los casinos ofrecen entretenimiento en vivo.: win chile – winchile.pro
The casino scene is constantly evolving. http://phtaya.tech/# Players can enjoy high-stakes betting options.
Promotions are advertised through social media channels.: phtaya login – phtaya.tech
https://taya777.icu/# A variety of gaming options cater to everyone.
Online gaming is also growing in popularity.
https://winchile.pro/# Las ganancias son una gran motivaciГіn.
Gambling can be a social activity here.
Las redes sociales promocionan eventos de casinos.: winchile casino – winchile
The thrill of winning keeps players engaged.: phtaya login – phtaya casino
http://taya365.art/# High rollers receive exclusive treatment and bonuses.
Some casinos feature themed gaming areas.
Gaming regulations are overseen by PAGCOR. https://winchile.pro/# La competencia entre casinos beneficia a los jugadores.
Players enjoy both fun and excitement in casinos.: phtaya.tech – phtaya.tech
Many casinos host charity events and fundraisers.: phmacao – phmacao com login
taya777 register login taya777 register login Poker rooms host exciting tournaments regularly.
Players often share tips and strategies.: phmacao casino – phmacao com
https://taya365.art/# Slot machines feature various exciting themes.
Players often share tips and strategies.
Las apuestas deportivas tambiГ©n son populares.: jugabet.xyz – jugabet chile
Hay reglas especГficas para cada juego.: win chile – winchile
Players enjoy a variety of table games.: phmacao – phmacao club
jugabet chile jugabet chile La competencia entre casinos beneficia a los jugadores.
https://jugabet.xyz/# La iluminaciГіn crea un ambiente vibrante.
Casinos often host special holiday promotions.
Mega India Pharm reputable indian pharmacies MegaIndiaPharm
pharmacy coupons https://megaindiapharm.shop/# п»їlegitimate online pharmacies india
overseas pharmacy no prescription https://discountdrugmart.pro/# discount drug pharmacy
online pharmacy delivery usa: Best online pharmacy – online pharmacy delivery usa
п»їbest mexican online pharmacies: mexican rx online – pharmacies in mexico that ship to usa
cheap pharmacy no prescription http://xxlmexicanpharm.com/# xxl mexican pharm
no prescription needed pharmacy http://discountdrugmart.pro/# discount drug mart pharmacy
buying prescription drugs from canada https://familypharmacy.company/# Best online pharmacy
easy canadian pharm easy canadian pharm canadapharmacyonline legit
discount drugs: discount drug pharmacy – discount drug mart
best online pharmacies in mexico: xxl mexican pharm – mexico drug stores pharmacies
canadian pharmacy coupon code https://megaindiapharm.com/# indian pharmacies safe
reputable online pharmacy no prescription https://megaindiapharm.com/# Mega India Pharm
easy canadian pharm: easy canadian pharm – easy canadian pharm
MegaIndiaPharm: MegaIndiaPharm – top online pharmacy india