House of Lords Recommends Exploration of Blockchain Technology to the British Government

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Great Britain’s upper chamber of parliament, the House of Lords, has recommended the exploration of the possible various applications of Blockchain or distributed ledger technology (DLT) across government services.

The House added that the government should study the possibility of using the technology in such sectors as national security and public safety, healthcare, cybersecurity and customs and immigration.

In its report, the Upper Chamber stressed that there are a lot of opportunities for DLT across government services. It also claimed that the adoption of Blockchain in the public sector could change the relationship between the government and its citizens through the technology’s decentralized trust mechanisms.

In his foreword to their report, lead author Lord Christopher Holmes claimed that the DLT can play a key role in improving government services and solidifying the country’s competitive position as a global leader in technology-based innovations.

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