Question

To ask the Secretary of State for Business, Innovation and Skills, what assessment he has made of the potential benefits to the UK economy of blockchain technology.

The Government Office for Science is conducting a review of distributed ledger technology, which encompasses Blockchain technology, to highlight the potential benefits of distributed ledgers to the delivery of public services, and to help government identify and remove roadblocks to their safe and effective use.

The review is being conducted by a panel of experts drawn from academia, business and government under the direction of the Government Chief Scientific Adviser. Their findings and recommendations will be published in a report this autumn.