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04-27-2016, 05:24 PM
British government considering blockchain for student loan payments
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LONDON —*The British government is considering the use of blockchain tech**logy (http://mashable.com/2016/03/03/bitcoin-blockchain-explainer#EEX58yR9skql?utm_campaign=&utm_context=textlink&utm_medium=rss&utm_source=), the backbone behind the Bitcoin currency, as a method of distributing taxpayers' money.
Blockchains, which act as a shared ledger verified by a network of computers, have already been used by banks who estimate the tech**logy could save them huge sums. The idea has also been trialled by the government of Estonia, the Guardian reports (http://www.theguardian.com/commentisfree/2016/jan/24/blockchain-bitcoin-tech**logy-most-important-tech-invention-of-our-age-sir-mark-walport), and has been considered (http://www.wired.co.uk/news/archive/2016-01/05/blockchain-is-the-new-signature) by the U.S. state of Vermont to track government records.
Ministers in the UK believe the concept could be implemented for the distribution of grants or student loans. Read more... (http://mashable.com/2016/04/27/blockchain-uk-government/)
More about Government (http://mashable.com/category/government/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial), Uk (http://mashable.com/category/uk/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial), Bitcoin (http://mashable.com/category/bitcoin/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial), Blockchain (http://mashable.com/category/blockchain/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial), and World (http://mashable.com/world/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial)http://feeds.feedburner.com/~r/Mashable/~4/pY5-pxZPqLA
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LONDON —*The British government is considering the use of blockchain tech**logy (http://mashable.com/2016/03/03/bitcoin-blockchain-explainer#EEX58yR9skql?utm_campaign=&utm_context=textlink&utm_medium=rss&utm_source=), the backbone behind the Bitcoin currency, as a method of distributing taxpayers' money.
Blockchains, which act as a shared ledger verified by a network of computers, have already been used by banks who estimate the tech**logy could save them huge sums. The idea has also been trialled by the government of Estonia, the Guardian reports (http://www.theguardian.com/commentisfree/2016/jan/24/blockchain-bitcoin-tech**logy-most-important-tech-invention-of-our-age-sir-mark-walport), and has been considered (http://www.wired.co.uk/news/archive/2016-01/05/blockchain-is-the-new-signature) by the U.S. state of Vermont to track government records.
Ministers in the UK believe the concept could be implemented for the distribution of grants or student loans. Read more... (http://mashable.com/2016/04/27/blockchain-uk-government/)
More about Government (http://mashable.com/category/government/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial), Uk (http://mashable.com/category/uk/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial), Bitcoin (http://mashable.com/category/bitcoin/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial), Blockchain (http://mashable.com/category/blockchain/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial), and World (http://mashable.com/world/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial)http://feeds.feedburner.com/~r/Mashable/~4/pY5-pxZPqLA