UK Government Could Track Student Loans and Grants with BlockchainDuring 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.
Specifically, Hancock suggested that the transparent nature of blockchains could be leveraged to exert better control and accountability over funds disbursed to research centers, aid organizations or individual students.
http://www.coindesk.com/uk-government-student-loans-grants-blockchain/