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Daily Archives: 13th June 2017

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Welfare Payments Beyond Bitcoin

Author - Nemitari Ajienka, BLOCKCHAIN, DIGITAL TRANSFORMATIONBy News13th June 2017

Recently, the UK’s Department of Work and Pensions (DWP) trialled the use of the blockchain to pay welfare benefits to the unemployed and disabled, and this raised privacy concerns. The scheme would see claimants receive and spend money using an application on their phones. And with their consent, their transactions are being recorded on a blockchain to aid financial management.

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