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, what recommendations were made to her Department as a result of the trials that GovCoin undertook on the use of blockchain technology for the welfare and benefits system; and whether the findings of those trails will be published.


Answered by
Kit Malthouse Portrait
Kit Malthouse
This question was answered on 7th June 2018

In 2016, DWP ran a trial proof of concept on a small scale and the findings concluded that it was not viable due to limited take up potential and the expenses it would incur. No other companies were involved in the trial and no benefit or personal data was shared with GovCoin (DISC) on claimants.

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