Social Security Benefits: Cryptocurrencies
(asked on 23rd May 2018) - View Source
Question to the Department for Work and Pensions:
To ask the Secretary of State for Work and Pensions, how much was paid from the public purse to GovCoin to undertake trials on the use of blockchain technology for the welfare and benefits system.
This question was answered on 5th June 2018
In 2016, we ran a proof of concept pilot to explore GovCoin’s (DISC) capability. The pilot came to an end in early 2017.
No public money was paid to Govcoin. Equally, Govcoin made no payment to the Government for this exploratory exercise. We have no plans to do any further work with GovCoin.