UK Government Eyes Blockchain Trials in New Digital Strategy Push

The UK government said it envisions a role for blockchain as part of a broader digitization plan unveiled earlier this month.

Mar 13, 2017 at 7:32 p.m. UTC
Updated Sep 11, 2021 at 1:09 p.m. UTC

The UK government said it envisions a role for blockchain as part of a broader digitization plan unveiled earlier this month.

The Department for Culture, Media and Sport published its "UK Digital Strategy for 2017" on 1st March, outlining a number of policy initiatives related to supporting digitization efforts in the country’s private sector. It highlighted work at the Digital Catapult Centre, through which government officials would seek "new ways to work with personal data with more control and trust… [and] applications of blockchain and smart contracts".

While it didn’t go deeper into detailing what that work might entail, the strategy outline indicated that it would look to support applications in the manufacturing, healthcare and creative content sectors.

Karen Bradley, Secretary of State for digital affairs, said in a statement that officials would look to foster more communication between the public and private sectors as the UK government pursues its digitization drive.

Bradley said:

"I hope [the strategy release] will mark the beginning of a new phase of close engagement between Government and the tech sectors, and am looking forward to working side-by-side to make our digital economy both stronger and fairer."

The publication also indicates that the UK government is looking to expand its investment of time and resources into the tech, perhaps building on a January 2016 report from the UK Government Office for Science that called on greater exploration into blockchain.

Since then, officials have tested the tech for tracking welfare payments and testing the disbursement of student loan funds via distributed ledger. The government has also solicited companies working with blockchain for a startup competition in the fall.

Image via Shutterstock

The Festival for the Decentralized World
Thursday - Sunday, June 9-12, 2022
Austin, Texas
Save a Seat Now

DISCLOSURE

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. CoinDesk journalists are not allowed to purchase stock outright in DCG.

Trending

1
CoinDesk - Unknown
How the US Can Establish Itself as a Crypto Leader

Regulators have an opportunity to map out thoughtful, strategic policy on stablecoins and beyond.

Regulators have an opportunity to map out thoughtful, strategic policy on stablecoins and beyond.

CoinDesk - Unknown
2
CoinDesk - Unknown
No, the UK Is Not Going to Make USDC and USDT Legal Tender

For “legalize” read “regulate.”

For “legalize” read “regulate.”

CoinDesk - Unknown
3
CoinDesk - Unknown
Thoughts From Davos

The crypto industry showed up in force at the World Economic Forum’s annual meeting.

The crypto industry showed up in force at the World Economic Forum’s annual meeting.

CoinDesk - Unknown
4
CoinDesk - Unknown
Bitso, primer unicornio cripto de América Latina, despide a 80 empleados

El exchange, que tenía más de 700 empleados antes de los recortes, cuenta con cuatro millones de usuarios en la región.

El exchange, que tenía más de 700 empleados antes de los recortes, cuenta con cuatro millones de usuarios en la región.

CoinDesk - Unknown