UK Government Explores Tracking Student Loans and Grants with Blockchain
During a speech earlier this week at a London blockchain event, a senior UK official said that the government is looking to blockchain applications as it rethinks how public funds are being tracked. Matt Hancock, Minister of the UK Cabinet Office and a member of Parliament, told attendees of the event – organized by the nonprofit group Digital Catapult and the cryptocurrency research effort ran by Imperial College London – that the British government is in the midst of reimagining public services in the digital age, and that blockchain will likely play a role in the changes to come.....
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The British government is considering disbursing research grants using bitcoin or some other blockchain-based currency, according to Matthew Hancock, the Minister of the Cabinet Office and Paymaster General. In a speech at Digital Catapult, a government-funded think tank., Hancock said the Cabinet Office has begun exploring ways to use blockchains with a particular interest in how it could be used in the disbursal of government research grants. “Monitoring and controlling the use of grants is incredibly complex. A blockchain, accessible to all the parties involved, might be a better way of....
The UK Government is exploring the Blockchain as a possible way to increase efficiency. The digital currency, Bitcoin’s distributed ledger may help distribute taxpayers’ money as well as grants and student loans. On Monday, at a Blockchain networking event in London, cabinet minister and paymaster general Matt Hancock said that the Blockchain could “foster a new level of trust”. "Government cannot bury its head in the sand and ignore new technologies as they emerge, said Hancock. - That is partly what happened in the past in government with the web ... We cannot let that happen....
The US Department of Homeland Security (DHS) has awarded as much as $600,000 in grants to six companies working on blockchain applications for the government. According to a press release from earlier this week, the department’s Science and Technology Directorate has parceled out $3.1m in grants to 29 small businesses based in the US in areas focused on data analytics, connected devices and blockchain. Each company received about $100,000, the government said. The funds came from the agency's Small Business Innovation Research (SBIR) program, following a solicitation period that began in....
This is not a new Bitcoin service. Rather, a guide to combining two services - Tuition.io and Brawker - for paying student loans using Bitcoin. Tuition manages your student loans and offers payment plans and strategies to minimize interest. Last fall, a new service debuted; the ability to send and receive gift cards for making loan payments. Brawker is a site where users post bitcoins, at up to 20% markup, in exchange for goods. For example, I used Brawker to buy an Amazon wishlist at discount. Instead of receiving cash for bitcoins you receive items. It's not limited to just Amazon. In....
Matthew Hancock, the cabinet minister in Her Majesty's government has proposed the use of blockchain technology for disbursing research grants. Bitcoin’s underlying blockchain technology offers a transparent and secure way to store and retrieve information. Britain is looking forward to utilizing this feature to account for and track the expenditure of tax payer’s money given out in the form of research grants to universities and research institutions. Recently, the minister for Cabinet Office and paymaster general Matthew Hancock has reportedly brought up the possibility of using....