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UK Report claims Blockchain = More Societal Trust


Eddie Hughes is a big Blockchain supporter. He’s also the housing minister of the United Kingdom.


His report, which was publicly released yesterday, titled “Unlocking Blockchain,” cited current Blockchain projects in Estonia, Dubai, and other places as the standards for the UK to follow in practice, at a large scale.


More specifically, its key conclusions included that the UK government should consider the Blockchain as a useful tool that can increase social freedom, efficiency, and trust.


While this may seem over generalized at first, it’s because such projects are, overall, in the earliest possible stages of development.


Even so, inside of the UK government, the Cabinet Office and the department called the Government Digital Service are apparently working on research related to use cases for the Blockchain, across various parts of the government.


Overall, Hughes seemed to conclude that if the Blockchain were at a large scale, by the whole UK government, then it could result in savings of around 8 billion pounds or $10.56 billion.


The problem with such a conclusion is, as of now, it is somewhat overly optimistic.


It could be said that the only concrete finding that came to light was that the Blockchain would make all of these governmental departments more efficient, though in the summary of the report’s findings, how it would do this was not exactly clear.


The bulk of the report itself was considerably more detailed on how such an advantage might play out in practice in the UK government.


One of the chief ways that was mentioned that the UK government could move forward with the Blockchain was simply to create legislation that supports innovation in the space, including at the governmental level.


It did, however, also suggest taking actions like putting the national health records of patients on dedicated Blockchains in order to track patient health data in a more efficient way.


 Patient security would still be protected by patients choosing who would have access to their Blockchain, and therefore, their data.


It could reasonably be said that this would be an improvement on how most countries store medical records given the fact that the trend is to input every bit of health information manually, and store the files locally.


If a patient needs to change doctors or simply get a second opinion, then he or she usually needs to go through a long process of transferring his or her health records from one place to another.


 Using the Blockchain would largely eliminate this headache as it can be stored everywhere at once, but only accessed by whom the patient wants it to be accessed.


However all of this plays out, it is clear that the United Kingdom is trying, at certain levels of its government, to implement the Blockchain more.


As the year goes by, we just might see exactly what next actions they choose to take to make this happen.




By: BGN Editorial Staff


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