1-20 of 26 results for subject:Blockchain
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To ask Her Majesty's Government what steps they have taken to use blockchain-based smart-contracts to ensure that small and medium sized enterprises are protected from late payment by larger companies in the supply chain.
To ask Her Majesty's Government what steps they have taken to use blockchain-based smart-contracts to ensure that small and medium sized enterprises are protected from late payment by larger companies in the supply chain.
The Government recognises the impact late payments can have on businesses, particularly small and medium sized enterprises.
Blockchain technology is one solution of how this can be tackled.. For example, smart contracts can initiate payments based on digitally approved work or digitally tracked goods delivery. This enables businesses to be paid automatically, reducing the need for invoicing and preventing delays in payments. The technology ensures a high level of transparency for all parties involved, and helps prevent organisations from taking unilateral actions to alter original contracts.
The Government is supporting the development of blockchain technology in the UK and officials in the Department for Digital Culture Media and Sport are exploring potential pilot projects with government departments. The Department for Business recently published the government response on the call for evidence to end late payments to small businesses. Many SMEs supply to government and, as one of the UK's largest corporate buyers, it is our responsibility to ensure suppliers are paid promptly and to examine where the use of technology can help with this.
To ask Her Majesty's Government what consideration they have given to making full use of the capabilities of blockchain-based smart contracts to protect the supply chain and ensure that major international aid and development projects are fully transparent, and that funding is secure.
To ask Her Majesty's Government what consideration they have given to making full use of the capabilities of blockchain-based smart contracts to protect the supply chain and ensure that major international aid and development projects are fully transparent, and that funding is secure.
DFID is committed to best practice in the use of new digital technologies and we have set a vision for doing development in a digital world in our Digital Strategy. We have commissioned several reports to understand the effectiveness and potential of emerging blockchain technologies for international development. DFID also has several proof of concept pilots in design and implementation to test the potential of blockchain in, for example, humanitarian supply chains, tracking of UK aid funds, and to incentivise and reward environmentally sustainable farming practices. DFID is learning from these pilots and other projects to ensure that the UK remains at the cutting edge of delivering aid.
DFID’s contracts are tendered in accordance with the EU Public Procurement Directive and the UK Public Procurement Regulations 2015, the focus of which is to ensure open and fair competition between bidders. This means our contracts are competitively tendered following a set of standard processes set out in the regulations. This competitive approach helps ensure value for money in the delivery of UK aid. British companies have continued to be very successful in this competitive market with UK firms winning 80% of our contracts in 2018/19.
To ask Her Majesty's Government what plans they have (1) to help fund the further assessment and development of blockchain technologies for major infrastructure and international development projects, and (2) to ensure that the UK remains a centre of excellence and is a preferred jurisdiction for such contracts.
To ask Her Majesty's Government what plans they have (1) to help fund the further assessment and development of blockchain technologies for major infrastructure and international development projects, and (2) to ensure that the UK remains a centre of excellence and is a preferred jurisdiction for such contracts.
DFID is committed to best practice in the use of new digital technologies and we have set a vision for doing development in a digital world in our Digital Strategy. We have commissioned several reports to understand the effectiveness and potential of emerging blockchain technologies for international development. DFID also has several proof of concept pilots in design and implementation to test the potential of blockchain in, for example, humanitarian supply chains, tracking of UK aid funds, and to incentivise and reward environmentally sustainable farming practices. DFID is learning from these pilots and other projects to ensure that the UK remains at the cutting edge of delivering aid.
DFID’s contracts are tendered in accordance with the EU Public Procurement Directive and the UK Public Procurement Regulations 2015, the focus of which is to ensure open and fair competition between bidders. This means our contracts are competitively tendered following a set of standard processes set out in the regulations. This competitive approach helps ensure value for money in the delivery of UK aid. British companies have continued to be very successful in this competitive market with UK firms winning 80% of our contracts in 2018/19.
To ask Her Majesty's Government what plans they have to support UK companies that are developing blockchain technology for the delivery of major international development contracts.
To ask Her Majesty's Government what plans they have to support UK companies that are developing blockchain technology for the delivery of major international development contracts.
DFID is committed to best practice in the use of new digital technologies and we have set a vision for doing development in a digital world in our Digital Strategy. We have commissioned several reports to understand the effectiveness and potential of emerging blockchain technologies for international development. DFID also has several proof of concept pilots in design and implementation to test the potential of blockchain in, for example, humanitarian supply chains, tracking of UK aid funds, and to incentivise and reward environmentally sustainable farming practices. DFID is learning from these pilots and other projects to ensure that the UK remains at the cutting edge of delivering aid.
DFID’s contracts are tendered in accordance with the EU Public Procurement Directive and the UK Public Procurement Regulations 2015, the focus of which is to ensure open and fair competition between bidders. This means our contracts are competitively tendered following a set of standard processes set out in the regulations. This competitive approach helps ensure value for money in the delivery of UK aid. British companies have continued to be very successful in this competitive market with UK firms winning 80% of our contracts in 2018/19.
To ask the Secretary of State for Business, Energy and Industrial Strategy, pursuant to Answer of 15 June 2018 to Question 151096 on Land Registry: Cybercrime, what the outcomes relating to the use of (a) blockchain and (b) artificial intelligence are of the HM Land Registry's Digital Street project.
To ask the Secretary of State for Business, Energy and Industrial Strategy, pursuant to Answer of 15 June 2018 to Question 151096 on Land Registry: Cybercrime, what the outcomes relating to the use of (a) blockchain and (b) artificial intelligence are of the HM Land Registry's Digital Street project.
The HM Land Registry’s research and development ‘Digital Street’ project is ongoing. The findings of the project are incorporated into HM Land Registry’s forward strategy on a continuing basis.
To ask the Chancellor of the Exchequer, pursuant to the Answer of 29 October 2018 to Question 185078 on Revenue and Customs: Blockchain, what assessment he has made of the (a) time and (b) cost resources required to be allocated by HMRC to produce blockchain solutions to facilitate (a) Authorised...
To ask the Chancellor of the Exchequer, pursuant to the Answer of 29 October 2018 to Question 185078 on Revenue and Customs: Blockchain, what assessment he has made of the (a) time and (b) cost resources required to be allocated by HMRC to produce blockchain solutions to facilitate (a) Authorised...
Further work on the application of Blockchain to ‘Authorised Economic Operator’ status is deferred until after the UK leaves the EU when timescales and cost will be revisited.
There has been no specific assessment of Rules of Origin certification, Single Administrative Documents or standard Import and Export Declarations.
To ask the Chancellor of the Exchequer, what assessment he has made of the effect of the use of Blockchain technology on tackling the illegal traffic of goods across the border between (a) Northern Ireland and the Republic of Ireland and (b) Northern Ireland and the rest of the UK...
To ask the Chancellor of the Exchequer, what assessment he has made of the effect of the use of Blockchain technology on tackling the illegal traffic of goods across the border between (a) Northern Ireland and the Republic of Ireland and (b) Northern Ireland and the rest of the UK...
The Government has been resolute in its commitments to Northern Ireland. This includes protecting the Belfast (Good Friday) Agreement in all its parts and ensuring there will be no hard border between Northern Ireland and Ireland, or between Northern Ireland and the rest of the UK.
The Government will continue to consider the potential applications of technology, including Distributed Ledger (Blockchain), and other emerging technologies, to streamline customs processes.
To ask the Chancellor of the Exchequer, pursuant to the Answer of 26 October 2018 to Question 182766 on Revenue and Customs: Blockchain, what the (a) specifications, (b) length of time and (c) outcomes were of the proof of concept.
To ask the Chancellor of the Exchequer, pursuant to the Answer of 26 October 2018 to Question 182766 on Revenue and Customs: Blockchain, what the (a) specifications, (b) length of time and (c) outcomes were of the proof of concept.
The pilot focussed on building a single ‘permissioned’ Blockchain that would could be used to inform a trader’s ‘Authorised Economic Operator’ status. The proof of concept ran for six weeks, and established that government could use Blockchain to securely share the results of sensitive risk checks to improve the efficiencies of certain customs processes. Any significant implementation of Blockchain would require significant further work by HMRC.
To ask the Chancellor of the Exchequer, what assessment he has made of the feasibility of the use of Blockchain by HMRC after the UK leaves the EU.
To ask the Chancellor of the Exchequer, what assessment he has made of the feasibility of the use of Blockchain by HMRC after the UK leaves the EU.
HMRC has run a successful proof of concept that has demonstrated the potential benefits to the department of using Blockchain technology. HMRC continues to work internally and with other government departments to research whether and how those benefits might be realised.
To ask Her Majesty's Government what assessment they have made of reports that the value of crypto-currencies in the United States is falling, and of the potential effects that such a decline might have on the UK blockchain industry.
To ask Her Majesty's Government what assessment they have made of reports that the value of crypto-currencies in the United States is falling, and of the potential effects that such a decline might have on the UK blockchain industry.
The Government has not made a formal assessment of any potential implications of recent changes in the value of cryptocurrencies. However, the Government continues to monitor developments in the cryptocurrency market.
The Chancellor of the Exchequer launched the Cryptoassets Taskforce in March, consisting of HM Treasury, the Bank of England and the Financial Conduct Authority. The Taskforce is considering the risks and potential benefits of cryptoassets and other applications of distributed ledger technology in financial services, as well as assessing what, if any, regulation is required in response. The Taskforce will publish a report in the Autumn.
To ask the Secretary of State for Work and Pensions, what recommendations were made to her Department as a result of the trials that GovCoin undertook on the use of blockchain technology for the welfare and benefits system; and whether the findings of those trails will be published.
To ask the Secretary of State for Work and Pensions, what recommendations were made to her Department as a result of the trials that GovCoin undertook on the use of blockchain technology for the welfare and benefits system; and whether the findings of those trails will be published.
In 2016, DWP ran a trial proof of concept on a small scale and the findings concluded that it was not viable due to limited take up potential and the expenses it would incur. No other companies were involved in the trial and no benefit or personal data was shared with GovCoin (DISC) on claimants.
To ask the Secretary of State for Work and Pensions, whether other companies have been involved in the GovCoin contract to undertake trials on the use of blockchain technology for the welfare and benefits system; and whether any claimant information was shared with (a) those other companies and (b) GovCoin...
To ask the Secretary of State for Work and Pensions, whether other companies have been involved in the GovCoin contract to undertake trials on the use of blockchain technology for the welfare and benefits system; and whether any claimant information was shared with (a) those other companies and (b) GovCoin...
In 2016, DWP ran a proof of concept pilot to explore GovCoin’s (DISC) capability. No other companies were involved in the pilot and no benefit or personal data was shared with GovCoin (DISC) on claimants.
I thank my hon. Friend for the work that he has done on distributive ledger technology, as I think we should call it. We are committed to supporting the development and uptake of emerging digital technologies in the UK such as AI and DLT. The Government have invested around £10 million through Innovate UK and our research councils. The Treasury and the Bank of England are working on crypto-currencies and looking at these issues in a working group together. We are deploying the technology that my hon. Friend has referred to in order to help Government discharge our duties more effectively, and many Departments are already developing DLT proofs of concept. I thank him for the work that he has done. He might like to distribute the article on the work that he has done to all Members of this House.
I thank my hon. Friend for the work that he has done on distributive ledger technology, as I think we should call it. We are committed to supporting the development and uptake of emerging digital technologies in the UK such as AI and DLT. The Government have invested around £10 million through Innovate UK and our research councils. The Treasury and the Bank of England are working on crypto-currencies and looking at these issues in a working group together. We are deploying the technology that my hon. Friend has referred to in order to help Government discharge our duties more effectively, and many Departments are already developing DLT proofs of concept. I thank him for the work that he has done. He might like to distribute the article on the work that he has done to all Members of this House.
Q2
.
Eddie Hughes (Walsall North) (Con):
Mr Speaker, I know you are keen to learn more about blockchain, so I have written a paper on it for the think-tank Freer, to help inform the people of Bloxwich about the possible benefits of this technology. With some countries saving up to 2% of GDP by deploying this technology, will the Prime Minister commit to harnessing it to ensure that the UK remains at the forefront of it as we forge a greater, global Britain?
Q2
.
Eddie Hughes (Walsall North) (Con):
Mr Speaker, I know you are keen to learn more about blockchain, so I have written a paper on it for the think-tank Freer, to help inform the people of Bloxwich about the possible benefits of this technology. With some countries saving up to 2% of GDP by deploying this technology, will the Prime Minister commit to harnessing it to ensure that the UK remains at the forefront of it as we forge a greater, global Britain?
Q2
.
Eddie Hughes (Walsall North) (Con):
Mr Speaker, I know you are keen to learn more about blockchain, so I have written a paper on it for the think-tank Freer, to help inform the people of Bloxwich about the possible benefits of this technology. With some countries saving up to 2% of GDP by deploying this technology, will the Prime Minister commit to harnessing it to ensure that the UK remains at the forefront of it as we forge a greater, global Britain?
I thank my hon. Friend for the work that he has done on distributive ledger technology, as I think we should call it. We are committed to supporting the development and uptake of emerging digital technologies in the UK such as AI and DLT. The Government have invested around £10 million through Innovate UK and our research councils. The Treasury and the Bank of England are working on crypto-currencies and looking at these issues in a working group together. We are deploying the technology that my hon. Friend has referred to in order to help Government discharge our duties more effectively, and many Departments are already developing DLT proofs of concept. I thank him for the work that he has done. He might like to distribute the article on the work that he has done to all Members of this House.
To ask the Secretary of State for Work and Pensions, when her Department contracted GovCoin to undertake trials on the use of blockchain technology for the welfare and benefits system.
To ask the Secretary of State for Work and Pensions, when her Department contracted GovCoin to undertake trials on the use of blockchain technology for the welfare and benefits system.
In 2016, we ran a proof of concept pilot to explore GovCoin’s (DISC) capability. The pilot came to an end in early 2017.
The are no contractual obligations with Govcoin and we have no plans to do any further work with GovCoin
To ask the Secretary of State for Work and Pensions, whether her Department's contract with GovCoin to undertake trials on the use of blockchain technology for the welfare and benefits system has concluded.
To ask the Secretary of State for Work and Pensions, whether her Department's contract with GovCoin to undertake trials on the use of blockchain technology for the welfare and benefits system has concluded.
In 2016, we ran a proof of concept pilot to explore GovCoin’s (DISC) capability. The pilot came to an end in early 2017.
To ask the Secretary of State for Work and Pensions, how much was paid from the public purse to GovCoin to undertake trials on the use of blockchain technology for the welfare and benefits system.
To ask the Secretary of State for Work and Pensions, how much was paid from the public purse to GovCoin to undertake trials on the use of blockchain technology for the welfare and benefits system.
In 2016, we ran a proof of concept pilot to explore GovCoin’s (DISC) capability. The pilot came to an end in early 2017.
No public money was paid to Govcoin. Equally, Govcoin made no payment to the Government for this exploratory exercise. We have no plans to do any further work with GovCoin.
The people of Bloxwich will soon be hearing more about blockchain. Will the Chancellor confirm that the Government will continue to invest in this innovative technology to keep the public’s data safe?
The people of Bloxwich will soon be hearing more about blockchain. Will the Chancellor confirm that the Government will continue to invest in this innovative technology to keep the public’s data safe?
The Government are committed to exploring all technologies that will keep data safe and create opportunities for innovation. Blockchain is one such technology, but the Government will also be examining other even more innovative distributive ledger technologies.