The federal government of the United Kingdom and the Government Chief Scientist Mark Walport will be investing in the blockchain technology to analyze the potential of its application in the conventional finance sector.
The blockchain technology, also known as the distributed ledger technology enables anyone on the network to securely settle transactions and the transfer of assets with substantially low costs. Over the past few months however, an increasing number of firms and startups have begun to explore the potential of the blockchain technology as a distributed data sharing and storage platform.
http://www.newsbtc.com/2016/01/19/uk-government-to-develop-a-centralized-blockchain-network/
