[2016-04-27] UK Government Could Track Student Loans and Grants with Blockchain

[foserfox]

UK Government Could Track Student Loans and Grants with Blockchain

During 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/

[Carlton Banks]

These thieves are going to keep talking about how wonderfully "transparent" and "accountable" blockchains are until the blockchain replaces their entire profession.

Politicians: listen up. Blockchain is about upholding the truth, and preventing asset theft. You people are ANATHEMA to truth and property rights, your entire raison d'etre is to lie and steal, and so this is the most hollow PR campaign you've ever attempted.

The idea that politicians would be genuinely interested in a technology that maintains incorruptible facts is a joke, not least because chains of cryptographic proofs (a fundamental underlying technique for Bitcoin and blockchains) were proposed to governments in the 1970's and 80's. They weren't interested back then. I wonder why not....



Politicians: you are consummate liars. Blockchain tells the truth, unequivocally. Say goodbye.