UK Pension and Welfare Agency Eyes on Blockchain

UK Pension and Welfare Agency Eyes on Blockchain

The pension and welfare agency based in the United Kingdom has shared that they’re currently examining the potential of blockchain and distributed ledger technology (DLT). The director of digital payments and the banking system, Richard Laycock explained, “We are starting to see the first full production implementations, such as Santander’s One Pay FX. The benefits include reducing time, cost and failure rate associated with making transactions whilst data is stored on a secure immutable ledger.”

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