Bitcoin Global News (BGN)
July 5, 2018 -- ADVFN Crypto NewsWire -- 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
News:
Blockchain
UK
Government