August 2, 2016
UK Government awards first G-Cloud blockchain platform-as-a-service agreement to Credits
Blockchains are the cornerstone of distributed ledgers, a modern database technology that provides a complete history of financial and non-financial transactions. They provide a secure permanent record that cannot be manipulated by a single entity and do not require a central registry.
DLT can create more powerful and robust identity management tools, preserve data security, reduce fraud and costs for the public sector. Government departments and agencies such as the National Health Service, DVLA, HM Passport Office, the Land Registry, Department for Work and Pensions, and HM Revenue and Customs should benefit greatly from DLT, enabling them to improve digital services and increase taxpayer value.