August 2, 2016

Credits appointed first Government blockchain provider

The Government has appointed its first official blockchain provider after start-up Credits was awarded a place on the G-Cloud 8 contractor framework.

The London-based firm, founded in 2014, has secure distributed ledger technology.

It is based upon the blockchain, a secure database of transactions which cannot be manipulated by one single entity.

Many believe the blockchain to be key to ensuring transparent governance. The Government has held trials and believes it can save the State billions of pounds by using it to prevent the overpayment of benefits.

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